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Frequently Asked Questions
Frequently Asked Questions
FAQs for borrowers
20 articles in this collection
Written by
Ben
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 Refi 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 does New Silver do?
Do you do a soft pull or a hard pull FICO credit report
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 refinance loan products
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