Wymac Capital Inc

Mortgage Lender serving South Salt Lake, UT

About Wymac Capital Inc

Primary Source Lending was established in 2020 by Alma and Spencer Hansen, bringing over 54 years of combined experience in the hard money and private money lending business to Utah. The company prides itself on its in-house funding, underwriting, and approval process, enabling them to close deals faster and offer more competitive rates.

The team is small and agile, providing personalized service with consistent contact from beginning to end. They emphasize their local presence in the Salt Lake Valley, highlighting the advantage of working with a Utah-based lender who understands the local market better than distant investors.

By being the primary source of their funds, Primary Source Lending aims to provide superior rates, faster closing times, and versatile loan terms. They focus on building client relationships and offering a lending experience that prioritizes individual needs and local expertise.

Company Information

Founded: 2020
Lender Type: Private Money Lender
Headquarters: Salt Lake City, UT

Licensed In

UT

Home Loan Products

Fix and Flip Loans

Loan Types:
Hard Money
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Manufactured/Mobile HomeCo-opInvestment PropertyVacation/Second HomeTiny HomeModular Home
Occupancy Types:
Investment Property
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
No Income Verification
Credit Tiers:
Excellent (740+)Good (680-739)Fair (620-679)Poor (580-619)Bad (<580)
70%
Max LTV

Residential Hard Money

Loan Types:
Hard MoneyBridge
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Manufactured/Mobile HomeCo-opInvestment PropertyVacation/Second HomeTiny HomeModular Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
No Income Verification
Credit Tiers:
Excellent (740+)Good (680-739)Fair (620-679)Poor (580-619)Bad (<580)
70%
Max LTV

Traditional Mortgages

Loan Types:
ConventionalFHAVARefinance
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Manufactured/Mobile HomeCo-opInvestment PropertyVacation/Second HomeTiny HomeModular Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property

Commercial Loan Products

Commercial Bridge Loans

Loan Types:
Bridge LoanHard Money Loan
Property Types:
Multifamily (5+ units)OfficeRetailIndustrial/WarehouseHospitalityLandMixed-UseSelf-StorageHealthcareManufacturing

Real Estate Development Loans

Loan Types:
Hard Money Loan
Property Types:
Land

Contact Information

2875 S Main St #201B
South Salt Lake, UT 84115
US
Mailing Address:
5442 South 900 East #142 Salt Lake City, UT 84117

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Business Information

Category: Mortgage Lender
Location: South Salt Lake, UT
Status: Standard
Founded: 2020
Type: Private Money Lender
NMLS ID: 2055852
Profile Views: 0

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