I can help! My name is Monty and I am an AE with Capital Three Sixty, a Correspondent Lender offering direct funding in 44 states. Below is information on our 18 to 24 month Bridge Loans. Beneath that is a short list of info I need in order to give you an accurate price quote. Please email me atmonty@capitalthreesixty.com.
*** Mortgage Brokers - Contact me if you want your loans funded!
Bridge Loans (up to 24 months) Guidelines & Pricing: Loan Amount: $75k-$3M Minimum As-Is Appraised Value: $75k LTV of Purchase price: up to 75% LTV Refinance : up to 70% LTV Refinance cash out: up to 65% Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs) Term: 24 months plus a 12 month extension 1% fee Pre-payment penalty: 5% Prepayment Penalty First 6 Months; No Penalty Thereafter Rate: Starting at 8.99% Points: Vary based on loan amount but in general 1.5 to 3 pts Credit Score: 650 Minimum
Initial Info Needed for a 18 to 24 mo bridge or 30yr Fixed Loan quote: