Financing on purchase and cash out refinances
30 years fixed loans, no prepayment penalty, only for residential homes or condos
Minimun loan i$100 000
Interest rate is 8.5% - 15% depending on credit score for USA or CAN citizens.
We are able to lend to anyone that we can establish a credit score for, If you have a Experian, Equifax or Transunion score
| US Fico Score |
Rate |
LTV |
Max DTI |
| >= 800 |
8.5% |
75% |
45% |
| 770-779 |
9% |
70% |
45% |
| 749-769 |
9.5% |
65% |
45% |
| 710-739 |
10% |
60% |
45% |
| 680-709 |
10.5% |
60% |
45% |
| 650-679 |
11% |
60% |
45% |
Origination Charges
Loan origination 4% of loan amount
Processing fee $400
Underwriting fee $1295
Funding fee $175
DOC Prep $400
Credit Report $100,125/2people
Appraisal fee depends on property ( required 3rd party fee)
Inspection fee : ( required 3rd party fee)
All others fees are normal transaction cost ( attorney fees, transfer taxes and stamps)
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