Frequently Asked Questions

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17 articles in this collection
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What are the typical closing costs

How much does a typical closing cost?
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Updated over a week ago

How does a Ground Up loan work?

more information about ground up construction loans
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Updated over a week ago

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

What is the minimum down payment?
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Updated over a week ago

How does a Refi loan work

more information about Refinance loan
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Updated over a week ago

How does a Fix and Flip loan work?

more information about short term fix and flip loan
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Updated over a week ago

Do you provide construction financing?

Do you lend against construction or rehab or repair
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Updated over a week ago

How does the 30 year Rent product work?

Learn more about the fixed rate low interest product for rental properties
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Updated over a week ago

How does a Rent loan work?

more information about Rent loans
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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
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Updated over a week ago

What happens after I pay the application fee?

This is what happens after you pay the application fee
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Updated over a week ago

What is the minimum and maximum loan amount?

Learn about different loan amounts
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Updated over a week ago

What types of loan products do we offer?

Learn about the fix and flip, fix and rent, ground up construction and refinance loan products
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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?
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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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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
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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