5 - Point Deal Guide
Property Type
Residential 1-4 Units
NON-OWNER OCCUPIED
When investing within these parameters a larger segment of the market can be attracted including FHA buyers. This can increase your appeal to more people in more demographics.
Sales Price
Make sure that the After Repair Value does not exceed the FHA cap
For first time home buyers who might have a hard time getting approved with conventional lenders, FHA loans bring home ownership into reach. This will increase your ability to sell your property faster while broadening your ability to attract more potential buyers.
Size of House
Try to keep the property 2,800 Sq.Ft. or under an acre. This will help the property sell quicker.
Property features
5 Bedroom 3 bathroom maximum
Millennials and Boomers are expected to dominate the market in the next 5 years. Both are looking at smaller homes: Millennials because they are just starting out and Boomers because they are downsizing. These days smaller more modern alternatives prove to be most popular.
Size of Property
1/2 Acre maximum
Millennials and Boomers are looking for less upkeep: Boomers because they are getting older and Millennials because they are just starting out. More acreage also means more expense.
*Higher Credit Scores (680+), and down payment (20% or more) trumps 3,4,5 in the point guide*
What type of funding do you need?
Plan to fix and flip?
Tell us all about it and let us run the numbers. This will allow us to ensure that the deal fits within our parameters. Our straight forward lending process will provide speed and assistance to get you through your rehab in no time!
Short/Long-Term Investment?
If a long term cash investment is what you are looking for then we can be of service. The better the deal the more flexible we can be.
Commercial
Trying to purchase a business location, storage facility or another form of commercial real estate? Bring us the details and let us tell you if we can help.
$$$ OUR GOAL IS TO GET YOU FROM START TO FINISH AS QUICKLY AS POSSIBLE $$$
The typical loan closing time frame is 21 days.