Hard Money Loans

Hard Money Loans

STANDARD BORROWERS
TEXAS AREA GUIDELINES

Rate Starting at 12%,
6 months interest only

  • Financing: 100% of purchase or 100% of Rehab
  • LTARV: Up to 70% (will finance both rehab and purchase if they fit in 70% of the ARV)
  • Origination Fees: 3-4%
  • Prepayment Penalty: NONE
  • Credit Score Requirement 610
    1. No Tax Liens
    2. No Judgments
    3. No delinquent child support
    4. No delinquent student loans
    5. No past due mortgage payments on current residence
  • Appraisal/BPO required
  • Must have an Entity to qualify
  • 90 days of bank statements required with proof of funds

PREMIER BORROWERS
DFW AREA GUIDELINES

Rate Starting at 10%,
6 months interest only

  • Financing: 100% of purchase or 100% of Rehab
  • LTARV: Up to 75% (will finance both rehab and purchase if they fit in 75% of the ARV)
  • Origination Fees: 3-4%
  • Prepayment Penalty: NONE
  • No Credit Score Requirement but Credit will be pulled
    1. No Tax Liens
    2. No Judgments
    3. No delinquent child support
    4. No delinquent student loans
    5. No past due mortgage payments on current residence
  • No Appraisal (ARV is determined in house)
  • No inspection fees
  • No survey requirement
  • Must have an Entity to qualify
  • 90 days of bank statements required with proof of funds

OUT OF STATE
BORROWERS GUIDELINES

Rate Starting at 12%,
6 months interest only

  • Financing: 100% of purchase or 100% of Rehab
  • LTARV: Up to 70% (will finance both rehab and purchase if they fit in 70% of the ARV)
  • Origination Fees: 3-4%
  • Prepayment Penalty: NONE
  • Credit Score Requirement 610
    1. No Tax Liens
    2. No Judgments
    3. No delinquent child support
    4. No delinquent student loans
    5. No past due mortgage payments on current residence
  • Appraisal required
  • Survey required
  • Must have an Entity to qualify
  • 90 days of bank statements required with proof of funds