Highest LTV’s in Hard Money

 

Fico:  500+. Yes, the lender goes down to 500!     Apply Now


Loan Terms:  12 months, interest only


Loan Size:  $75K to $1 Million


Max LTC: Lender will finance up to 90% of the purchase price of the property and 100% of the construction (done in draws). 


Interest Rate:  7-12%; Interest rate is determined by investors experience.


Property Types:  Only 1-4 unit investment properties! This includes Single Family Homes, 2-units, 3-units, 4-units, condos and townhomes.


Pre-Payment Penalty:  None!


Use of Funds:  Purchase, Refinance, Cash-Out Refinance & Rehab


Asset verification:  Depends on borrowers experience. 1-3 months of bank statements.


Points: Loan cannot have more than 4 points associated with it (that is a combined 4 points from the broker and lender!)


Lending Territory: CT, CO, FL, GA, IL, MD, MI, MO, OH, PA, SC, TN, TX, VA, WA & WV.


Closing Time Frame: 15 days. The lender typically just orders a desktop BPO which costs $299 and does not always do a full appraisal. This is how the deal is able to close so fast!


Special: NO JUNK FEES!

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