GREAT RATES AND TERMS FOR WELL QUALIFIED INVESTORS!

  • Term: 15 to 20 year amortization. Adjusts every 3 to 5 years.
  • Lending areas: Dallas, Fort Worth Metro area
  • Type of loan: Purchase, re-fi, cash-outs
  • LTV: Based on purchase price, not ARV. Can lend up to 80%, LTV
  • Down payment: 20%. We can fund up to 80% of the cost of the property and the repairs
  • Points: 3
  • Fees: Fees for closing range from $600 to $900.
  • Wires: $30
  • Draw request and inspections: $125. $150 for FW area.
  • Other fees may apply depending on the loan program.
  • Interest rate: From 6%.
  • Payment terms: PITI, monthly
  • Credit score: Case by case
  • Pre-payment penalty: None
  • Minimum loan amount: $75,000. Some exceptions.
  • Appraisal: Required. Payable in advance.
  • Income: Need pay stubs or W-2-s. Need tax returns for self-employed.
  • Items needed to apply:
    • Most recent W-2s for employed or tax returns for self-employed.
    • Last 30 days bank statements
    • Contract if applicable
    • 1003 credit app., available on request
    • Drivers’s license. Soc. Sec. card if available or ITIN
    • Credit report, all 3 bureaus with scores.
    • Contact info for title company
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