Whole Loan Mortgage
Firstbanc’s exciting whole mortgage loan investment program offers high yield fixed return investment opportunities for conservative investors
| Residential Investment Property | Residential Rehab Program | 80% Hard Money Program |
Capital Program |
Gold Hard Money Program |
|
|---|---|---|---|---|---|
| Property Type | 1 to 4 Unit Residential Investment Properties | Single Family Residential | Investment Properties, No Raw Land Substantial Re-Hab and New Construction | Investment Properties, Land Commercial, Residential Substantial Re-Hab and New Construction | Investment Properties, Land Commercial, Residential Substantial Re-Hab and New Construction |
| Property Condition | Good Condition | Any Condition | Any Condition | Any Condition | Any Condition |
| Loan Amounts | $50,000 to $1 million | $25,000 to $750,000 | $50,000 to $5 Million+ | $100,000 to $5 Million | $500,000 to$15 Million |
| Loan-to-Value | 90% of the After Repair Value(ARV) | 70% of the After Repair Value(ARV) | 80% of Cost | 70% of the After Repair Value(ARV) | up to 75% |
| Combined Loan to Value | 100% | CLTV to 90% | 100% CLTV to 80% of cost | 90% CLTV | Up to100% CLTV |
| Loan Terms | up to 30 years | 6 months, extentsions granted on a case by case basis | 12 to 24 months | 12 to 36 months | up to 36 months |
| Ammortization Minimum | up to 30 years fully amortizing | Interest Only | Interest Only | Interest Only | Interest Only |
| Credit Score | 520 | 550 | n/a | Not a primary deciding factor | Not a primary deciding factor |
| Lending Area | National | Over 30 States, Contact your loan officer for a list. County must have a min. 300K population. | National | The Washington DC Metropolitan Area | The Washington DC Metropolitan Area |
| Program Details | Program Details | Program Details | Program Details | Program Details |