Below are the general underwriting and pricing parameters for our loan programs:
- Program:
- Terms:
- Rates:
- Origination Fee:
- Maximum LTV:
- Minimum Loan Amount:
- Maximum Loan Amount:
- Minimum Credit Score:
- Loan Purpose:
- Occupancy:
- Eligible Properties:
- Documentation:
- Fix and Flip Investment Property Loan
- 6 to 12 Months
- 10.99% to 12.99% Interest Only
- 2.5 to 3.5 Points; plus $995 lenders fee
- 60%
- $50,000
- $650,000
- Determined by make sense history, not score
- Purchase transactions only
- Non-Owner Occupied Only on SFR
- 1-4 SFR and Commercial properties in California Only
- Limited Documentation; Experience, property cash flow, reserves, ability to make payments, and exit strategy.
- Program:
- Terms:
- Rates:
- Origination Fee:
- Maximum LTV:
- Minimum Loan Amount:
- Maximum Loan Amount:
- Minimum Credit Score:
- Loan Purpose:
- Occupancy:
- Eligible Properties:
- Eligible Borrowers:
- Documentation:
- Buy and Hold Investment Property Loan
- 30 year amortized due in 3
- 10.99% to 12.99% principal and interest amortized
- 2.5 to 3.5 Points; plus $995 lenders fee
- 60%
- $50,000
- $650,000
- Determined by make sense history, not score
- Purchase, Rate and Term Refi, or Cash-Out Refi
- Non-Owner Occupied Only on SFR
- 1-4 SFR and Commercial properties in California Only
- Individuals, Foreign Nationals, LLCs, Corporations
- Limited Documentation; Experience, property cash flow, reserves, ability to make payments, and exit strategy.
Loan Program Notes:
- Borrower to pay for appraisal and all other normal closing costs such as escrow, title, recording fees, homeowners insurance, and tax service fees.
- Broker origination points and fees will be in addition to the lender fees posted above.
- LTV is based on purchase price if loan is a purchase money loan or current appraisal, whichever is lower.
- No ground up construction loans. Home must be at least 60% complete.
- No Minimum FICO scores; however credit history will be considered.
- All loans are subject to reasonableness of income and the ability to repay.
- Borrower must have a reasonable exit strategy.
- Borrower must clearly state the purpose of the loan.
- All loans will require an Alta Title policy.
We don’t do agency loans. So when a borrower qualifies for better terms through an agency program, we refer the borrower back to you. We won’t be beat by other private lenders and we want to work with you to convert your borrowers to lower cost agency loans whenever possible.
