How do I pre-qualify for a loan?

Complete a 1003 with your broker and provide all the documents on the Pre-Qualification Checklist.

What are the minimum and maximum loan amounts?

The minimum loan is usually $30,000. The maximum loan is normally $1,000,000.

How do I pre-qualify for a loan?

Complete a 1003 with your broker and provide all the documents on the Pre-Qualification Checklist.

What are the minimum and maximum loan amounts?

The minimum loan is usually $30,000. The maximum loan is normally $1,000,000.

Is there a minimum credit score required?

The minimum credit score is normally 620. If you have a lower fico score, yet have a good pay history, rehab experience, and strong cash reserves, there may be alternative ways to work with you.

What type of properties can be funded?

Loans are limited to residential properties (1-4 units). Loans are not available for commercial, mixed use or large multi unit properties.

Can I do more than one loan at a time?

There is not a specific number of loans that anyone can have at one time. The limit will be based on each borrower's financial ability to hold additional loans.

Do I have to pre-qualify each time I want to do a new loan?

No, you will not be required to redo the pre-qualification process. You will only need to send updated bank/investment or open lines of credit statements.

Are there pre-payment penalties?

No, the faster you fix the property up and sell or refinance it, the more profit you will earn. Real estate investors should never pay pre-payment penalties.

What are the terms, fees, and interest rates for a loan?

Each loan plan has different terms and costs. For individual breakdowns, please refer to the "Payment Plans" section of this website.