Frequently Asked Questions
FAQs for borrowers
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?