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Loan Application

 

BORROWER INFORMATION

*= required information for application submission

* First Name:    Middle Initial:
*
Last Name:

Home Address:

Mailing address:

Date of Birth: /Day /Year

Social Security Number:




* Best contact phone number: - -

* Email address:

* What is the extent of your experience in purchasing real estate?

FINANCIAL INFORMATION

* Amount of cash you have available for down payment, renovation and holding costs (In addition to down payment money, it is important for me to know how much working capital you have–especially as an investor–to insure your success):
$

401K or IRA, etc. (if applicable) how much do you have in your retirement account:
$

EMPLOYMENT INFORMATION

Employer:

Employer Address:

Work telephone number:

Occupation/Position/Title:

Length of employment (years/months):

Monthly income: $

CO-BORROWER INFORMATION (if applicable)

First Name:    Middle Initial:
Last Name:

Home Address:

Mailing address:

Date of Birth: /Day /Year

Social Security Number:

Best contact phone number: - -

Email address:

CO-BORROWER EMPLOYMENT INFORMATION (if applicable)

Employer:

Employer Address:

Telephone number:

Occupation/Position/Title:

Length of employment (years/months):

Monthly income:


* INFORMATION ON PROPERTY TO BE FINANCED

* Is this a purchase or a refinance?



* Will your purchase be a:




* Are you intending to purchase for:





* Type of property:

Address of property to be purchased (if known)

* Do you have an accepted purchase contract?


* Have you opened escrow on the subject property?

Let us know in the box below additional information you would like us to know about the property, yourself, general circumstances; or any questions you may have (500 characters):


Purchase price:

* Actual purchase price (if known) OR anticipated purchase price:

What do you plan to do to the property in terms of renovations?  (ie new AC,  flooring, window replacement, roof, landscape, paint, additions, etc.)

Estimated resale value and/or monthly rental rate after renovation:

* Preferred Loan Term:





8 year fully amortized loan ($75,000 minimum)
5 year balloon loan with 10 year amortization
20% EXCEPTION CONSIDERED program: “I believe I meet the qualifications�
20% ALTERNATIVE program: Seller has agreed to a carry-back

* How do you plan on paying off your hard money loan—what is your exit strategy?






If none of the above, please explain you loan payoff plan:

* Credit Report
(social security number, date of birth & home address required)

money bag