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Loan Size
$50,000 up to $2 million.
Credit
600+ credit scores for primary borrower or primary guarantor.
Loan-To-Value
Loan amounts up to 90% of property value for non-owner occupied properties or up to 97% of property value for experienced owner-occupied properties.
Loan Purpose
Rate/term refinance, cash-out refinance, or purchase.
Occupancy
Owner-occupied or investor properties are acceptable.
Loan Types
5-year, and 7-year fixed, then adjustable; and a Declining Fixed Rate program (this program has a feature that allows for the start rate to decrease 0.5% every five-year interval with good payment history). Interest only programs are available.
Terms
15, 20, and 30 year fully-amortizing loans are available on all property types.
Rate
Pricing based on property type, loan-to-value, borrower credit score, and amortization period.
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Pre-Payment Fees
Varies based on loan type. Typically, we have a 5% for five years pre-payment penalty. There are multiple options available to reduce/limit the pre-payment penalties.
Guarantee
Personal guarantees are mandatory for all eligible borrowers including individuals, corporations, partnerships, LPs, LLCs, and certain trusts (any members of a corporation with 10% or more of an interest will need to provide personal guarantees).
Escrows
*Tax escrows are required. Insurance escrows may be required.
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