Financing Options

Absolutely no upfront fee guarantee!

 

Gap Funding Option 1

For credit scores 550 to 679

Borrowing $3,000 to $50,000

Requirements:

1. W2 employee or registered business owner

2. Be employed for at least 12 months.

3. Make a minimum of $30,000 per year.

4. Have lived at the same address for a year.

5. No late payments in the last 2 months.

6. Less than $25,000 in existing credit card debt.

7. No unpaid collections.

8. No more than 4 inquires within the last 6 months & 6 in the last year

9. Valid drivers license.

10. Bankruptcies must be at least 2 year old

Information:

  • Interest rate 8.99 to 14.99% (depending on credit)

  • Pre-Approval takes 24 to 48 hours

  • Credit is not ran until your loan is being processed

  • Approval process takes 10 to 20 days

  • A 9.99 to 14.99% success fee will be included

  • Loan term ranges from 3, 5 or 7 years (depending on credit) 

  • No prepayment penalty

  • Borrowers must participate in a 10 min compliance call to verify information & discuss the next steps

  • Individual applicants only

Gap Funding Option 2

For credit scores 680 and up

Borrowing $30,000 to $400,000

Requirements:

1. W2 employee or registered business owner

2. Be employed for at least 12 months.

3. Make a minimum of  $30,000 per year.

4. Has lived at the same address for a year.

5. No late payments in the last 2 months

6. Less than $25,000 in existing credit card debt.

7. No unpaid collections

8. No more than 4 inquires within the last 6 months & 6 in the last year

9. Valid drivers license.

10. Bankruptcies must be at least 2 year old

Information:

  • Interest rate 8.99 to 14.99% (depending on credit)

  • Pre-Approval takes 24 to 48 hours

  • Credit is not ran until your loan is being processed

  • Approval process takes 10 to 20 days

  • A 9.99 to 14.99% success fee will be included

  • Loan term ranges from 3, 5 or 7 years (depending on credit) 

  • No prepayment penalty

  • Borrowers must participate in a 10 min compliance call to verify information & discuss the next steps

  • Individual applicants only

The New House

Hard Money Lending

No minimum credit score required

Borrowing up to $10.5 million

Requirements:

1. Personal Financial Statement.

2. Full investor experience. 

3. Renovation Construction Budget.

4. Escrow information.

5. Property information and purpose of the loan.

6. Valid drivers license.

Information:

  • Interest rate 8.75 to 14.99% (depends on experience and project)

  • up to 75% ARV

  • Up to 90% LTV

  • 100% of rehab cost

  • Any property can qualify except an owner-occupied primary residence

  • Pre-Approval time same day to 48 hours

  • Credit is not ran until your loan is being processed

  • Approval process takes 7-14 days

  • Loan term ranges from 12 to 18 months 

  • 20% down payment required

  • Can be mixed with Gap Funding