Qualifying is easy!

• No credit check
• No income verification
• No personal/financial asset verification
• No title policy required (only a title search!)
• Appraisal required and property must appraise for at least the sales price of the home            (physically distressed homes OK but no burnouts)
• Title must be clear of all liens and encumbrances at time of closing
• Close in one week
• 5 year fully amortizing loan
• Just 35% down payment required, we lend 65% of the contract price

Eligible Properties and Borrowers

• Borrowers can be US residents, foreign nationals, corporations, partnerships or LLCs (proof of good standing required)
• Loans made to investors only (no owner occupied)
• Purchase money loans only (no refinances)
• Properties must be single family residences (1-4 units)
• No manufactured, condos, log homes or  vacant land
• Minimum loan amount $20,000, maximum $100,000
• Limit 5 loans per borrower at any one time (exceptions considered but not guaranteed)

Taxes & Insurance

• Property taxes must be paid current through closing date
• Property taxes will be escrowed and included in customer’s monthly payment
• Property insurance.  Customer can provide insurance or purchase insurance waiver.  Cost for property insurance will be escrowed and included in customer’s month payment

How do I get a loan?

• Complete short application
• Send purchase contract
• Send  $420 for appraisal and $155 for title search if ordering title through us.
• We review and approve title and appraisal
• We prepare loan docs for borrower’s signature
• Borrower signs loan docs and we fund the purchase loan, transaction complete!

Rate is 18% amortized. Term up to 5 years.  Paid in full at the end of 5.  No pre-payment penalties.  $1495 loan setup fee and 3 points are rolled into the loan. Brokers protected.

(My personal note) 18% may seem high but you would spend a lot more if you went  6% for 30 years. You also wont find 6% with no credit and no income. The only thing we care about is the actual value of the property, nothing else.

Available States:  AL, AK, AZ, AK, CA, CT, DE, FL, GA, IL, IN, KY, LA, MD, MI, MS, MO, MT, NH,NJ, NY, ND, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WY.

States we CANNOT do: CO, HI, ID, IA, KS, ME, MA, MN, NE, NV, NC, SC, SD, WI, AR.

Kimberly Jones   nolainvestments@gmail.com