Property Type: Residential, non-owner occupied 1-4 family residential investment properties.
Required Documents: Completed loan application, clear and marketable title, purchase agreement, & mortgage.
Lien Search: Updated title commitment and municipal lien/permit search
BPO: Broker Price Opinion
Home Inspection: A walk through inspection by our one of our local experts.
Lien Position: First mortgage only.
Standard Terms: 6–18 months
Rehab Funds: We lend 85% of the purchase price, up to 75% of the After Repair Value.
Points: Paid at closing.
Closing Costs: Paid at closing.
Guarantee: Personal guarantee required.