Frequently Asked Questions | New Silver Help Center

How do I request a construction draw?

Learn how to request a draw online

Written by Ben
Updated over a week ago

What FICO scoring model do you use?

Vantage score, Fair Isaac or something else?

Written by Ben
Updated over a week ago

Do I need an LLC or an entity to apply for a loan?

Written by Ben
Updated over a week ago

How does a Personal loan work?

Information on unsecured personal loans

Written by Ben
Updated over a week ago

How do I calculate the maximum loan amount?

A detailed explanation of how maximum loan is calculated for collateralized loans

Written by Ben
Updated over a week ago

Can I add a co-borrower to my application?

Learn how to add a co-borrower online

Written by Ben
Updated over a week ago

Can you finance properties purchased at auction?

Learn about financing options for auction properties

Written by Ben
Updated over a week ago

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 this week

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 this week

How does a Fix and Flip loan work?

more information about short term fix and flip loan

Written by Ben
Updated this week

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 do you do?

Our credit pull will not effect your credit

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 personal loans

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 this week

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