Frequently Asked Questions | New Silver Help Center

How do I request a construction draw?

Learn how to request a draw online

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Updated over a week ago

What FICO scoring model do you use?

Vantage score, Fair Isaac or something else?

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Do I need an LLC or an entity to apply for a loan?

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How does a Personal loan work?

Information on unsecured personal loans

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How do I calculate the maximum loan amount?

A detailed explanation of how maximum loan is calculated for collateralized loans

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Can I add a co-borrower to my application?

Learn how to add a co-borrower online

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Can you finance properties purchased at auction?

Learn about financing options for auction properties

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Can you finance multi-family or commercial property?

Tell me more about options for financing multi family or commercial

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Do you work with brokers?

How does New Silver work with brokers

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Do you do 100% financing?

A common question about the amount of financing New Silver can offer

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What is FlipScout?

learn more about FlipScout

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What are the typical closing costs?

How much does a typical closing cost?

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How does a Ground Up loan work?

more information about ground up construction loans

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How much money should I expect to put down on a new purchase?

What is the minimum down payment?

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How does a Refi loan work?

more information about Refinance loan

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How does a Fix and Flip loan work?

more information about short term fix and flip loan

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Do you provide construction financing?

Do you lend against construction or rehab or repair

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How does the 30 year Rent loan work?

Learn more about the fixed rate low interest product for rental properties

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What kind of a credit pull do you do?

Our credit pull will not effect your credit

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What happens after I pay the application fee?

This is what happens after you pay the application fee

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What is the minimum and maximum loan amount?

Learn about different loan amounts

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What types of loan products do you offer?

Learn about the fix and flip, fix and rent, ground up construction and personal loans

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What type of documentation is required? Is income verification required?

Do you check my income taxes, W2 or other documentation?

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Updated over a week ago

How do I apply for a loan?

Learn how to apply for a new loan with New Silver

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Updated over a week ago

What is the minimum FICO score required?

What is the minimum credit score or FICO score required to get a loan

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What types of property can you lend against?

Describes the types of real estate collateral we can use when we fund a loan

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Updated over a week ago

What states do you lend in?

Learn about the states New Silver lends in

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Updated over a week ago