Programs - All


Property Type:
Residential - Residential is defined as 1-4 Family Units which includes: Single Family Homes, Townhomes, Condominiums, Duplexes, Triplexes, and Fourplexes.
Property Use:
Investment Property Only - Investment is defined as Non-Owner Occupied, typically owned by a company for the sole purpose of investment whereby Owner has no intentions of occupying home today or in the future as a principal residence, second home, or vacation home
Collateral: 1st Position Mortgage / Deed of Trust Only
Borrower:
Nearly all Individuals and Entities are acceptable.  We specialize in non-recourse applications such as Self-Directed IRA's and Foreign National Borrowers.

Programs - Specific



Select Loan
Program 
 
Loan Terms
Intended Use Buy-Hold Cash Out-Hold Buy-Fix-Sale
Note Term
Term 30 Years 30 Years 30 Years
Construction Period N/A N/A 60 Days
Loan to Value Ratio, LTV 65.00% 65.00% 65.00%
Valuation Appraisal or Purchase Price whichever is less Appraisal Subject-To Appraisal
Note Rate & Payments
Interest Rate 8.25% 8.25% 10.00%
Rate Type 3/1 ARM 3/1 ARM 1/1 ARM
Amortization Term 30 Years 30 Years 30 Years
Construction Per Diem N/A N/A Yes
Lender Origination Points
Points 4.50% 4.50% 4.50%
Minimum $3,000 $3,000 $3,000
Lender Servicing Fees
Underwriting
Credit Underwriting $100 $100 $100
Asset Underwriting $300 $300 $300
Construction/Asset
Construction Review N/A N/A $125
Doc Prep & Processing $250 $250 $250
Loan Servicing $150 $150 $150