NO Credit, NO Income Hard Money Loans - NOW UP TO $300K!

[Copelon J. Kirklin]

6 mo. I/O

Loan Purpose: Flip Only

Term: 6 months

Amortization: Interest Only

Tier 1 Rate, Points*: 11%, 4.5 points

Tier 2 Rate, Points: 11%, 6.5 points

Tier 3 Rate, Points: 15%, 7.5 points

Closing Fee: $995 - $1995*

LTV: Purchase - 65%, Refi - 50%

Min. Property Value: Purchase - $35.4K, Refi - $46K

Property Condition: C1-C5

Prepayment Penalty: No

 

5 Yr. Full Am.

Loan Purpose: Flip or Rent

Term: 60 months

Amortization: 5 yrs.

Tier 1 Rate, Points*: 18%, 4.5 points

Tier 2 Rate, Points: 18%, 4.5 points

Tier 3 Rate, Points: 18%, 4.5 points

Closing Fee: $1000

LTV: Purchase - 65%, Refi - 50%

Min. Property Value: Purchase - $35.4K, Refi - $46K

Property Condition: C1-C4

Prepayment Penalty: No

 

10 Due-in-3

Loan Purpose: Flip or Rent

Term: 36 months

Amortization: 10 yrs.

Tier 1 Rate, Points*: 14%, 5.5 points

Tier 2 Rate, Points: 15%, 6.5 points

Tier 3 Rate, Points: 18%, 7.5 points

Closing Fee: $1000

LTV: Purchase - 65%, Refi - 50%

Min. Property Value: Purchase - $35.4K, Refi - $46K

Property Condition: C1-C4

Prepayment Penalty: No

 

30 Due-in-3

Loan Purpose: Rent

Term: 36 months

Amortization: 30 yrs.

Tier 1 Rate, Points*: 14%, 5.5 points

Tier 2 Rate, Points: 15%, 6.5 points

Tier 3 Rate, Points: 18%, 7.5 points

Closing Fee: $1250

LTV: Purchase - 65%, Refi - 50%

Min. Property Value: $80K

Property Condition: C1-C4

Prepayment Penalty: Yes

 

*Interest rates and points based on credit score: Tier 1 - 700 or higher, Tier 2 - 600-699, Tier 3 - 619 or lower. Closing fee on 6-month loan dependent upon loan amount.