Be sure to test the native banks and credit unions in your space to see if somebody is having a particular.” Some lenders cost annual charges, but they're modest, maybe $25 per yr. Depending on lender necessities, individuals from all 50 states is probably not eligible for a private loan. So, if the vendor has been making their payments all along, but now needs to promote the property, a cellphone name to the lender can be fruitless.