Hard Money Loan
Foreclosure Bailout - LG463
Foreclosure Bailout - LG463
Summary of all Guidelines | |
| Loan Types | Hard Money Loan |
| Property Types | 2-4 Units, Condo, Mixed use, Multi Family, SFR |
| Lendding Area | arizona, california, texas |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 8.75% |
| Interest Rate Maximum | 13% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 3 |
| Terms | 1 year |
| Typical Days Required to Fund | 5 Business days or less |
| Credit Score Min | 500 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st, 2nd |
| Max Points Charge by Broker | 3 |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant, Owner Occupied Business Purpose |
| Fixed or Adjustable | Fixed |
| Updated as of | 2022-01-01 |
| Program Code | LG463 |
These descriptions are limited information and meant for general reference purposes.
