Loan Program # 1
Territory OR ($10k min) to no max
WA ($10k min) to no max
Nationwide ($500k min)
AMNT $50k - $1.5M
LTV 100% LTC of 65% ARV
INT 11 - 18%
PTS 3 - 6
TRM 6 – 18 months
PPP None
Loan Program # 2
Territory AZ, CO, GA, ID, MD, NC, NB, NM, NV, OR, TX, UT, VA, WA, WV
AMNT $50k - $250K ($350k House)
LTV 100% of purchase to 70% ARV (Only lends on SFR)
INT 15%
PTS 5.5
TRM 6 months (2 months for 2 points)
PPP No
CRDT 620 (under 620 is 18% and 1 point)
EXAMPLE $150,000 ARV
- $20,000 Rehab
= $130,000 Sub Total
x 70% Loan Calculation
= $91,000 Loan Amount
+ 5,000 Points
= $96,000 Total Loan Amount
Borrower pays all rehab cost and closing costs
Loan Program # 3
Territory AK, CA, CO, GA, ID, MT, NV, NY, OK, OR, TX, WA, WV
Amount $10k - $9M
LTV 65 - 70% (65% ARV of 100% LTC, Purchase/Rehab)
70% Purchases
INT 10 - 15%
PTS 5
Term 12 - 60 months
PPP 3 month interest guarantee
Wants Summary Sent First
$500 processing fee after approval
Will Do Construction
Fees: Doc prep fee $500 - 2500 and collection account set up
fee of $220 plus $1 per $1000 of loan amount
All costs can be rolled into loan
Docs Needed: 1003
Credit
Company Financials (if legal entity)
Privacy Notice signed by borrower
P & S Agreement
Preliminary Title Report
Estimate of Repair
Architect Plans (if needed)
Comps
Photos
Borrower Experience Letter
General Contractor License and Ins.
Loan Program # 4
AMNT $50k - $1.5M
LTV 100% LTC of 70% ARV or FMV if purchase
INT 18% (plus $750 after first month payment to exercise 5 month "option")
PTS 4 - 5
TRM 6 + 6
PPP None
CRDT Not credit driven
