STEP 1
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| Submit your loan application along with a recent copy of your credit report. We allow you to submit your credit report to avoid any additional inquiries. We
do not base our loans on credit scores; we do like to see a willingness
to re-pay. If the credit is high risk, we may require a higher percentage
rate and/or points. The key is to establish a relationship and track
record with us. |
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STEP 2
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Provide us the property address, city, purchase
price along with the accepted contract and title company information.
We will give you a “ballpark” loan amount based on the
comparables in the subdivision. Ballparks are subject to inspection
of the property, purchase price and credit.
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| STEP 3 |
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Once you accept the "ballpark loan amount"
we will set up an inspection of the property. The cost of inspection
is $100 non-refundable, paid to our inspector and is due at time
of inspection. After reviewing the inspection report, we will contact
you to confirm your acceptance of the final loan amount. We will
fax the title company our requirements and loan figures.
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