Gilbert-based Barrett Financial Group will offer loan programs where owner-occupied homes can be used as collateral to secure a loan. 

Barrett Financial's financial programs are designed to help those who may not qualify for a conventional loan due to bad credit or for those who need to prove income by alternative methods. According to Barrett Financial, the borrower will find this type of loan is simpler and easier to qualify for than working with a bank.

"Qualifying is easier for this type of loan than going through a bank, so it is a great alternative for individuals who may have issues with traditional financing," Barrett Financial said in a statement. 

The loan program typically requires two months of principal, interest, taxes and insurance in reserves, but up to six months may be required. A person can also claim only one primary residence at a time, but the residence can be shared with other people.

Visit Barrett Financial's website for new loan program information or email info@hardmoneylendersarizona.com.