Frequently asked questions

What is your maximum loan to value ?

Our maximum leverage will be determined on location, property type fico score and experience ( For short term loans, credit score isnt a determining factor) MAx LTV is 80% on Purchase 80% Cash-out and Refinance

What Is your minimum credit score?

For our short term twelve month hard money loans, we dont require a minimum score. Our two year program requires a minimum score of 600 For our No-Doc rental program, a minimum score of 600 is required

Do you require reserves for qualification?

We do not ask for reserves for our purchase, cash-out or refinance loan programs, although, for a purchase, we will need to see that you have the funds to close.

Do you have a pre-payment penalty

Our 12 month bridge loan does not have a Pre-payment penalty, Rental Loan: Our 3/1 ARM & Fixed rate 30 year loan has a 36 month pre-payment penalty,

What documentation is required for the loan application.

Our process is hassle free, For a purchase: Purchase contract, application and photo id. Cash-out & Refinance: application and photo id.

What is a Bridge Loan?

Bridge Loan A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. See Term Library for more information