A private loan is a loan that is not issued by a traditional bank or mortgage company. Instead, it is money lent to you to buy a home or property from a private source.
Savoy is a private lender. As a private lender, Savoy can be more flexible than banks and other mortgage companies. Savoy lends its own money and makes all decisions. This allows Savoy total control and flexibility when underwriting your loan instead of being tied to the credit and approval guidelines of most banks.
Many times these strict guidelines prevent a bank from giving a person a loan even though that person has the ability to pay back the loan. Since Savoy doesn’t make decisions based on credit history alone, you may be able to quality for a loan with us. We have a simple credit application and a quick approval process. Savoy can assist you with creative financing terms to help you get a home of your own.
Savoy has been a private lender in the community since 1998. With a strong reputation of trust and knowledge, Savoy has been building realtionships with its customers that last generations.