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