HomeLoan Programs

Loan Programs

Fix and Flip Loans, Rehab Loans, Renovation

Basic Loan Criteria

Term
12 Months (extensions available)

Loan Amount
$50k to $10M+

Origination Points

2 Points to 3 1/2  Points

Rates

7.99% to 11.50%

LTV

Up to 90% of the Purchase Price +
100% of Renovation Costs
Not to exceed 80% of the ARV

Property Types
Non-owner occupied 1-4 Family Residential Real Estate; Condos; Townhomes; Multi-Families (5+); Mixed-Use Properties

FICO
600 minimum

Bridge Loans

Basic Loan Criteria

Term
12 Months & 18 Months

Loan Amount
$50k to $10M+

Origination Points
2 Points to 3 1/2 Points

Rates
7.99% to 11.50%

LTV
Up to 85% of the Purchase Price;
Up to 70% Refinance;
Up to 65% Cash-Out

Cross-collateralization options are available

Property Types
1-4 Family & Multi-Family Non-Owner Occupied Real Estate; Condos; Townhomes; 5+ Unit Apartments; Mixed-Use Properties

FICO
600 minimum

 

Commercial Mortgages

Basic Loan Criteria

Term
Up to 30-Year, both Fixed and ARM options available

Loan Amount
$100k to $10M+

Origination Points
2 Points to 3 1/2 Points

Rates
5.99% to 9.50%

LTV
Purchase – Lesser of up to 80% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance – Up to 75% of the As-Is Value
Cash-Out – Up to 70% of the As-Is Value

Property Types
Non-Owner Occupied 1-4 Family & Multi-Family Real Estate; Condos; Townhomes; 5+ Apartments; Mixed-Use Properties; specialized property types (such as auto-dealers, ALFs, day-care, modular and more)

FICO
600 Minimum

Property Value
”As-Is” Appraised Value Must Be Greater Than $75k
Debt Service ratios – can be flexible

 

Landlord Loans

Basic Loan Criteria

Term
30 Years

Loan Amount
$75k to $10M+

Origination Points
2 Points to 3 1/2 Points

Rates
5.99% to 7.65%

LTV
Purchase – Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance – Up to 75% of the As-Is Value
Cash-Out – Up to 70% of the As-Is Value

Property Types
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

FICO
600 Minimum

Property Value
”As-Is” Appraised Value Must Be Greater Than $100k
Property Debt-To-Income Ratio (PDTI)
75% and 85%, based on property value