The
65% LTV Hard Money Loan Program is for investors
who are interested in
purchasing homes quickly, and for those borrowers who have less than
perfect
credit. The 65% LTV Hard Money Loan is available to almost
every home buyer.
This loan can be used for purchasing or refinancing existing properties
and
it allows for financing up to 65% LTV in most cases.
Example of How The 65% Hard Money
Loan Works...
Purchase/Sales Price:
$200,000
As Is Appraised Value: $325,000
Max Loan Amount: $211,250
{Since the Purchase Price is 200k, the extra $11,250 can be applied
towards closing costs}
Estimated Rate/Terms
Rates
- 11.99% - 18%
Term: 2/28 Arm - Fixed Rate or Interest Only
Points: 4-10
Prepayment Penalty: 2 Years, Can Be Bought Out for
1 Point.
General Requirements
Minimum Scores:
500 Mid Score, Exceptions Made For Scores Below 500
Letter Of Explanation: Payoff Strategy, and or Explanation
of Credit Situation
Appraisal {Ordered By Our Investors}
To Apply For Our 65% LTV Hard Money
Loan, Please Fill Out Our...
or
Call 1-866-693-2568