SHORT TERM, FIX-AND-FLIP LOANS

Our current loan product is perfect for new investors, as well as the students that have gone through our education platform.  Our core offering focuses on deals that meet (but do not exceed) the FHA cap.

However, many investors are looking for higher LTVs, lower rates, and less stringent requirements on things like baseline inspections, tax impounding, and licensed contractors.  For these reasons, we expanded our loan product line.

Our updated family of loan products better serves market expectations for investors new to our lending platform.

THE NUMBERS	TIER A	TIER B	TIER C
% Of Purchase	90	90	90
% Of Rehab	100	100	100
% Of Max ARV	75	70	65
% Of Max LTC	90	90	90
Experience	2 Deals/2 Yrs	2 Deals/2 Yrs	1st Timers Okay
Credit Score	720+	660–719	No Minimum
Cashout	65% – no max (6 mo seasoning)	60% – 150K max (6 mo seasoning)	50% – 75K max (6 mo seasoning)
App Fee	$197	$197	$197
FHA Cap	Loan Amount	Loan Amount	ARV
Baseline Inspection	No	No	Yes
Tax Returns	No	No	Yes
Well/Septic	No	No	Yes
Impound Next Yr Taxes	No	No	Yes

LONG-TERM RENTAL LOAN PROGRAMS

For Investment Properties

RENTAL LOAN GUIDELINES

PROPERTY TYPES	Non-Owner Occupied, SFR, 2-4 units, Condos, PUDs, Townhomes
LOAN PURPOSE	Investment Rental Property
INTEREST RATE	STARTING AT 7.5%
ORIGINATION POINTS	STARTING AT 2.99%
LOAN PARAMETERS	With attractive rates and up to 80% LTV Purchase and up to 75% LTV Cash-Outs, these rental loans are a great way to grow your long-term buy and hold properties.
EVALUATION	Full Appraisal
MINIMUM CREDIT SCORE	660
INCLUDED STATES	All States except ND, UT, VT

LOAN PROGRAMS

LOAN PROGRAM	30 Year Fixed	7.5% Interest
*5/1 ARM in the following states: AL, GA, KS, ME, MO, MS, NE, WI, WY. Prepayment penalty in effect.

PROPERTIES

NUMBER OF PROPERTIES ALLOWED	DSCR REQUIREMENT	LOAN AMOUNT
1	1.2	$50K – 2MM
2–4*	1.00	MAX $10MM
5–10*	1.00	MAX $10MM
*Cross-Collateral allowed on 2 or more properties. Portfolio loans available on a case-by-case basis.