Programs - All


Property Type:
Residential - Residential is defined as 1-4 Family Units which includes: Single Family Homes, Townhomes, Condominiums, Duplexes, Triplexes, and Fourplexes.
Property Use:
Investment Property Only - Investment is defined as Non-Owner Occupied, typically owned by a company for the sole purpose of investment whereby Owner has no intentions of occupying home today or in the future as a principal residence, second home, or vacation home
Collateral: 1st Position Mortgage / Deed of Trust Only
Borrower:
Nearly all Individuals and Entities are acceptable.  We specialize in non-recourse applications such as Self-Directed IRA's and Foreign National Borrowers. Our Credit Qualified loan programs require a minimum FICO score of 650.

Programs - Specific



Flip

12 Month Loan
Credit and Non-Recourse
Fixed Rate at 12.00%
up to 70% LTV

Flip - High Value

Program for High Value Flips
Credit and Non-Recourse
Rates starting at 6.75%
up to 70% LTV

Flip - Perm Option

Flip Loan with Perm Option
Credit and Non-Recourse
Rates starting at 6.75%
up to 70% LTV

Purchase

30 Year Mortgage
Credit and Non-Recourse
Rates starting at 6.75%
up to 70% LTV

Refinance

30 Year Mortgage
Credit and Non-Recourse
Rates starting at 6.75%
up to 70% LTV

Rehab to Perm

30 Year Mortgage
Credit and Non-Recourse
Rates starting at 6.75%
up to 70% LTV
Loan Terms
Intended Use Buy-Fix-Sale
Note Term
Term 12 Months
Construction Period 180 Days
Resale Period 365 Days
Loan to Value Ratio, LTV 70.00%
Valuation Subject-To Appraisal
Note Rate & Payments
Interest Rate 12.00%
Rate Type Fixed
Amortization Term 12 Months
Construction Agreement N/A
Resale Interest Rate 12.00%
Construction Interest Rate N/A
Lender Origination Points
Points 3.00%
Minimum $2,950
Lender Servicing Fees
Underwriting
Credit Underwriting $0
Asset Underwriting $0
Construction/Asset
Construction Review $0
Doc Prep & Processing $0
Loan Servicing $0
Loan Terms
Intended Use Buy-Fix-Sale (High Value Flips)
Note Term
Term 30 Years
Construction Period 180 Days
Resale Period 365 Days
Loan to Value Ratio, LTV 70.00%
Valuation Subject-To Appraisal
Note Rate & Payments
Interest Rate 6.75%
Rate Type Adjustable
Amortization Term 30 Years
Construction Agreement Yes
Resale Interest Rate N/A
Construction Interest Rate 12.00%
Lender Origination Points
Points 3.00%
Minimum $2,950
Lender Servicing Fees
Underwriting
Credit Underwriting $0
Asset Underwriting $0
Construction/Asset
Construction Review $0
Doc Prep & Processing $0
Loan Servicing $0
Loan Terms
Intended Use Buy-Fix-Sale w Perm Option
Note Term
Term 30 Years
Construction Period 180 Days
Resale Period 365 Days
Loan to Value Ratio, LTV 70.00%
Valuation Subject-To Appraisal
Note Rate & Payments
Interest Rate 6.75%
Rate Type Adjustable
Amortization Term 30 Years
Construction Agreement N/A
Resale Interest Rate 12.00%
Construction Interest Rate N/A
Lender Origination Points
Points 3.50%
Minimum $2,950
Lender Servicing Fees
Underwriting
Credit Underwriting $0
Asset Underwriting $0
Construction/Asset
Construction Review $0
Doc Prep & Processing $0
Loan Servicing $0
Loan Terms
Intended Use Buy-Hold
Note Term
Term 30 Years
Construction Period N/A
Resale Period N/A
Loan to Value Ratio, LTV 70.00%
Valuation As-Is Appraisal
Note Rate & Payments
Interest Rate 6.75%
Rate Type Adjustable
Amortization Term 30 Years
Construction Agreement N/A
Resale Interest Rate N/A
Construction Interest Rate N/A
Lender Origination Points
Points 2.75%
Minimum $2,275
Lender Servicing Fees
Underwriting
Credit Underwriting $100
Asset Underwriting $300
Construction/Asset
Construction Review $0
Doc Prep & Processing $250
Loan Servicing $150
Loan Terms
Intended Use Refinance - Hold
Note Term
Term 30 Years
Construction Period N/A
Resale Period N/A
Loan to Value Ratio, LTV 70.00%
Valuation As-Is Appraisal
Note Rate & Payments
Interest Rate 6.75%
Rate Type Adjustable
Amortization Term 30 Years
Construction Agreement N/A
Resale Interest Rate N/A
Construction Interest Rate N/A
Lender Origination Points
Points 2.75%
Minimum $2,275
Lender Servicing Fees
Underwriting
Credit Underwriting $100
Asset Underwriting $300
Construction/Asset
Construction Review $0
Doc Prep & Processing $250
Loan Servicing $150
Loan Terms
Intended Use Buy-Fix-Hold
Note Term
Term 30 Years
Construction Period 180 Days
Resale Period N/A
Loan to Value Ratio, LTV 70.00%
Valuation Subject-To Appraisal
Note Rate & Payments
Interest Rate 6.75%
Rate Type Adjustable
Amortization Term 30 Years
Construction Agreement Yes
Resale Interest Rate N/A
Construction Interest Rate 12.00%
Lender Origination Points
Points 3.75%
Minimum $2,950
Lender Servicing Fees
Underwriting
Credit Underwriting $100
Asset Underwriting $300
Construction/Asset
Construction Review $125
Doc Prep & Processing $250
Loan Servicing $150