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Our loans are no-doc, credit score-only loans that are funded fast. By requiring a large down payment, we mitigate the risks of doing no-doc loans versus conventional lenders that verify credit, assets, income, etc. and can take months to complete.
We lend on residential properties, up to four units. Depending on the loan program, we require the property to be in a certain condition. We do not lend on manufactured homes, mobile homes, log homes, commercial, multi-family (greater than four units) or vacant land.
No, we lend on "as is" value. We are a national lender and are not set-up to monitor the construction draws traditionally used in ARV lending. However, unlike most ARV lenders, we do not require detailed business or property improvement plans so we often can close more quickly. We also offer cash-out refi loans with only 30-day seasoning as an alternative option. Many of our customers use our cash-out refi loans to pull cash out of one property to fund the improvements of another property.
We lend in 22 states, including: AL, CT, FL, GA, IL, IN, LA, MD, MI, MO, MS, NC, NJ, NY, OH, OK, PA, SC, TN, TX, VA & WI. We do not lend in Cook County & Chicago, IL, Detroit & Flint, MI, or Cuyahoga County & Cleveland, OH.
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