Frequently Asked Questions
FAQs for borrowers
By Ben and 1 other2 authors35 articles
- How do I request a loan payoff?
- How do I request a rehab/construction draw?
- What FICO scoring model do you use?
- Do I need an LLC or an entity to apply for a loan?
- How do I calculate the maximum loan amount?
- Can I add a co-borrower to my application?
- Can you finance properties purchased at auction?
- Can you finance multi-family or commercial property?
- Do you work with brokers?
- Do you do 100% financing?
- What is FlipScout?
- What are the typical closing costs?
- How does a Ground Up loan work?
- How much money should I expect to put down on a new purchase?
- How does a Fix and Flip loan work?
- Do you provide construction financing?
- How does the 30 year Rent loan work?
- What kind of a credit pull do you do?
- What happens next after I provide my SSN?
- What is the minimum and maximum loan amount?
- What types of loan products do you offer?
- What type of documentation is required? Is income verification required?
- How do I apply for a loan?
- What is the minimum FICO score required?
- What types of property can you lend against?
- What states do you lend in?
- Why was my loan not approved? (Why was my automated underwriting unsuccessful?)
- Obtaining a Proof of Funds Letter
- Do You Offer Gap Funding?
- How Fast Can You Close?
- Can I schedule a call with a live person?
- How does a Short Term Rental (STR) program work?
- How does a Commercial Real Estate loan work?
- What Is My Mortgagee Clause?
- What states do we not lend in?