Loan Programs

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.

Programs – Specific

Loan Terms             Purchase                   Refinance                     Rehab                           Resale
Intended Use Buy-Hold  Cash Out-Hold  Buy-Fix-Hold  Buy-Fix-Sale
Note Term
Term 30 Years  30 Years  30 Years  6 Months
Construction Period N/A  N/A  60 Days
Loan to Value Ratio, LTV 65.00%  65.00% 65.00%  65.00%
Valuation Appraisal or Purchase Price whichever is less  Appraisal  Subject-To Appraisal
 Subject-To Appraisal
Note Rate & Payments
Interest Rate 8.25%  8.25%  8.25%  10.00%
Rate Type 3/1 ARM  3/1 ARM  3/1 ARM  Fixed
Amortization Term 30 Years  30 Years  30 Years  Interest Only
Construction Agreement N/A  N/A  Yes  Yes
Lender Origination Points
Points 4.50%  4.50%  6.00%  4.50%
Minimum $2,250  $2,250  $3,000  $2,250
Lender Servicing Fees
Underwriting
Credit Underwriting $100  $100  $100 $100
Asset Underwriting $300  $300  $300  $300
Construction/Asset
Construction Review N/A  N/A $125  $125
Doc Prep & Processing $250  $250  $250  $250
Loan Servicing $150 for all programs

*This list is not inclusive of all loan product options. Please contact us to learn more about our other programs. Click here to get pre-approved and lock your rate in today.

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