Existing Borrower Login Login
Programs - All
| Property Type: | Residential - Residential is defined as 1-4 Family Units which includes: Single Family Homes, Townhomes, Condominiums, Duplexes, Triplexes, and Fourplexes. |
| Property Use: | Investment Property Only - Investment is defined as Non-Owner Occupied, typically owned by a company for the sole purpose of investment whereby Owner has no intentions of occupying home today or in the future as a principal residence, second home, or vacation home |
| Collateral: | 1st Position Mortgage / Deed of Trust Only |
| Borrower: | Nearly all Individuals and Entities are acceptable. We specialize in non-recourse applications such as Self-Directed IRA's and Foreign National Borrowers. |
Programs - Specific
|
|
PurchaseUse this program to purchase 'Rent Ready' investment property. |
RefinanceUse this program to refinance an existing property. Refinance can payoff existing liens or used for 'Cash Out'. |
RehabUse this program to purchase, renovate, and hold an investment property long term. |
ResaleUse this program to purchase, renovate, and resale. Special Programs available for resales using a Peak loan. |
||||
| Loan Terms | ||||||||
| Intended Use | Buy-Hold | Cash Out-Hold | Buy-Fix-Hold | Buy-Fix-Sale | ||||
| Note Term | ||||||||
| Term | 30 Years | 30 Years | 30 Years | 30 Years | ||||
| Construction Period | N/A | N/A | 60 Days | 60 Days | ||||
| Loan to Value Ratio, LTV | 65.00% | 65.00% | 65.00% | 60.00% | ||||
| Valuation | Appraisal or Purchase Price whichever is less | Appraisal | Subject-To Appraisal | Subject-To Appraisal or 65% of Investment Basis whichever is less | ||||
| Note Rate & Payments | ||||||||
| Interest Rate | 8.25% | 8.25% | 10.00% | 8.25% | ||||
| Rate Type | Adjustable | Adjustable | 3/1 ARM | Adjustable | ||||
| Amortization Term | 30 Years | 30 Years | 30 Years | 30 Years | ||||
| Construction Per Diem | N/A | N/A | Yes | Yes | ||||
| Lender Origination Points | ||||||||
| Points | 6.50% | 6.50% | 6.50% | 6.50% | ||||
| Minimum | $3,250 | $3,250 | $3,250 | $3,250 | ||||
| Lender Servicing Fees | ||||||||
| Underwriting | ||||||||
| Credit Underwriting | $100 | $100 | $100 | N/A | ||||
| Asset Underwriting | $300 | $300 | $300 | $300 | ||||
| Construction/Asset | ||||||||
| Construction Review | N/A | N/A | $125 | $125 | ||||
| Doc Prep & Processing | $250 | $250 | $250 | $250 | ||||
| Loan Servicing | $150 | $150 | $150 | N/A | ||||