We do NOT have an application or application fee. We lend up to 70% of ARV. We do NOT require survey, inspections, appraisals, and there is no prepay penalty 6 month loan with option to extend every 3 months for 1 point (at our discretion).
Insurance We require at least 6 months of insurance on the home for at least our loan amount or higher. And the premium MUST be collected on the HUD. |
Funding We do not wire funds for closing until we have a fully executed closing pkg in Hand. For same day fundings, the closing pkg must be in our email by 12pm. Otherwise funding will roll to the next day. |
Monthly Payments
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Construction Draws We charge anywhere from $100-$150 depending on location and timing. Draws are released only on COMPLETED repairs. |