How fast can you close? usually close in 3 days or less
What is your maximum loan to value (LTV)? 70% of the after repaired value (ARV) of the property
Do you require monthly payments? yes, interest only
Do you charge prepayment penalties? No.
Do you lend money for construction costs? No.
Are there upfront fees? Application fees? Inspection fees? Document fees? No,No,No,No
What is the minimum credit score you will accept? 650 (you provide a credit report)
In what areas do you lend? Denver Metro area, Glenwood Springs, Greeley, Ft Collins
What types of properties will you lend on? single family houses and condos
What is your minimum loan amount? usually $30,000.00.
Is an appraisal required? Not usually
What insurance is needed? hazard insurance for the duration of the loan, title, lender's
Do you provide proof of funds letters? Yes, provided you have been pre-approved.
Do you do Flash Cash? yes, also known as transactional funding
Do you do bridge loans? yes
Can anyone live in the house during the course of the loan? No