You will cover a minimal amount towards the purchase price, all the closing costs from the title company and the loan processing costs.

We take 5-10 business days to close provided all the personal and property related documentation is provided.

We will analyze the deal on a case-by-case basis. Most of the times, our team will conduct BPO to verify the market comps.

You will schedule an inspection based on the work completed pertaining to the list of repairs/scope of collected initially. Once the inspection verifies the work is indeed completed, the funds are wired/sent to your bank.

A monthly mortgage statement will be sent to you 7-10 days prior to the due date.

There is no prepayment penalty in early payoff of the loan.

You will be offered an option to extend your loan for 90 days twice.

Each loan extension costs 1 point.

Our team will send the payment of the draws directly to the loan borrower.

The borrower is fully responsible to distribute the funds to the contractor(s).

All properties will require a paid builder’s risk policy for the term of the loan.

If the loan is extended, the insurance policy will need to be extended as well.