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Frequently Asked Questions
Frequently Asked Questions
FAQs for borrowers
28 articles in this collection
Written by
Ben
How do I request a loan payoff?
Instructions for requesting a payoff
Written by
Ben
Updated over a week ago
How do I request a construction draw?
Learn how to request a draw online
Written by
Ben
Updated over a week ago
What FICO scoring model do you use?
Vantage score, Fair Isaac or something else?
Written by
Ben
Updated over a week ago
Do I need an LLC or an entity to apply for a loan?
Written by
Ben
Updated over a week ago
How does a Personal loan work?
Information on unsecured personal loans
Written by
Ben
Updated over a week ago
How do I calculate the maximum loan amount?
A detailed explanation of how maximum loan is calculated for collateralized loans
Written by
Ben
Updated over a week ago
Can I add a co-borrower to my application?
Learn how to add a co-borrower online
Written by
Ben
Updated over a week ago
Can you finance properties purchased at auction?
Learn about financing options for auction properties
Written by
Ben
Updated over a week ago
Can you finance multi-family or commercial property?
Tell me more about options for financing multi family or commercial
Written by
Ben
Updated over a week ago
Do you work with brokers?
How does New Silver work with brokers
Written by
Ben
Updated over a week ago
Do you do 100% financing?
A common question about the amount of financing New Silver can offer
Written by
Ben
Updated over a week ago
What is FlipScout?
learn more about FlipScout
Written by
Ben
Updated over a week ago
What are the typical closing costs?
How much does a typical closing cost?
Written by
Ben
Updated over a week ago
How does a Ground Up loan work?
more information about ground up construction loans
Written by
Ben
Updated over a week ago
How much money should I expect to put down on a new purchase?
What is the minimum down payment?
Written by
Ben
Updated over a week ago
How does a Refinance loan work?
more information about Refinance loan
Written by
Ben
Updated over a week ago
How does a Fix and Flip loan work?
more information about short term fix and flip loan
Written by
Ben
Updated over a week ago
Do you provide construction financing?
Do you lend against construction or rehab or repair
Written by
Ben
Updated over a week ago
How does the 30 year Rent loan work?
Learn more about the fixed rate low interest product for rental properties
Written by
Ben
Updated over a week ago
What kind of a credit pull do you do?
Our credit pull will not effect your credit
Written by
Ben
Updated over a week ago
What happens after I pay the application fee?
This is what happens after you pay the application fee
Written by
Ben
Updated over a week ago
What is the minimum and maximum loan amount?
Learn about different loan amounts
Written by
Ben
Updated over a week ago
What types of loan products do you offer?
Learn about the fix and flip, fix and rent, ground up construction and personal loans
Written by
Ben
Updated over a week ago
What type of documentation is required? Is income verification required?
Do you check my income taxes, W2 or other documentation?
Written by
Ben
Updated over a week ago
How do I apply for a loan?
Learn how to apply for a new loan with New Silver
Written by
Ben
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
Written by
Ben
Updated over a week ago
What types of property can you lend against?
Describes the types of real estate collateral we can use when we fund a loan
Written by
Ben
Updated over a week ago
What states do you lend in?
Learn about the states New Silver lends in
Written by
Ben
Updated over a week ago