HOW IT WORKS

PROPERTY CRITERIA
  • No Minimum Value

  • No Maximum Value

  • Residential

    • Single Family 2-4 Unit

  • Townhomes OK

    • No Condos​

    • No Manufactured

  • No Owner Occupied's

  • Commercial

BORROWER CRITERIA
  • No Minimum Credit

  • No Minimum Liquid Assets

  • No Minimum Income

  • Recent Bankruptcy OK

  • Must Provide:

    • Completed Loan App

  • LLC's / Corps / Individuals

Watch the "Loan Fees Explained"
video below

LOAN TERMS
  • Rehab Loan Terms

  • No Minimum Loan Amount

  • $275k Max Loan Amount

  • No Max / Min Repair Cost

  • 1st Position Lien Only

  • Up to 80% Loan to ARV

    • After Repaired Value​

  • 0% - 20% Down Payment

    • Based on ARV​

    • Down Payment decreases the more loans you've done with us

  • 6 Month Term

    • Up to 3 Month Extensions

  • Construction Funds​​ =

    • Loan Amount, minus purchase price, minus our charges, minus​ other closing costs (realtor, taxes, gov. fees, title fees)

WHAT IT COSTS

YOU PAY TO OTHERS
  • Appraisal

    • $600 +/-

    • Paid at closing​ or at the time of loan denial if the sale falls through.

    • We will request and save your checking account number on file before ordering the appraisal and will only charge your card if the sale falls through.

  • Builders Risk Insurance

    • Amounts vary​

    • Paid at closing

  • Title Charges

    • $1,000 +/- Includes:

    • Mortgagee's Policy

    • Recording Fees

    • Closing Fees

    • Paid at closing

  • Tax Prorations

    • Amounts vary

    • Paid at closing

  • Recording / Transfer Fees

  • Realtor's Commission

    • Amounts vary​

    • Paid at closing

  • Purchase Price

    • Amounts vary​

    • Paid at closing

Firm numbers will be provided to you in writing prior to closing.

In most cases, all of the above costs are paid at closing out of the loan proceeds, no out-of-pocket charges to you.

You're welcome to shop prices and choose your own vendors for all of the above, except for the appraisal.

FREE SERVICES
  • FREE Application

  • FREE Credit Check

  • FREE Document Prep

  • FREE Draws

  • FREE Inspections

  • FREE Loan Early-Payment

  • FREE Interest on Un-Used Funds

  • FREE Daily Service

YOU PAY TO US
  • Loan Fee

    • 3% of Loan Amount​

    • $3,800 Minimum

    • Paid at closing out of loan

  • Wire Fee

    • $25 Flat Fee​

    • Paid at closing out of loan

  • 13.5% Interest

    • No monthly payments​

    • No interest on unfunded balance

    • Paid at closing of sale​​

  • Extension Fee*

    • *Usually not necessary​

    • All accrued interest at the time of extension must be paid by check

    • $20.82 fee per day or a proration of the transaction fee charged daily, calculated as 1/182.5 or .00547 times the transaction fee.

    • 3 month maximum

    • Fee paid at closing of sale

No hidden fees, junk fees, doc prep fees or service fees.

You will be provided with a written statement of all costs prior to closing.

WHAT OUR CLIENTS ARE SAYING

5 Stars.png