Here are some of the most frequently asked questions by our borrowers!
↓
What kind of loan products do you have?
We offer a variety of loan options including fixed-rate, adjustable-rate (ARMs), FHA, VA, jumbo, fix-and-flip, DSCR, construction, and more!
What is the difference between pre-qualification and pre-approval?
Pre-qualification is an estimate based on basic financial information (Quick Quote), while pre-approval involves a more thorough review of financial documents and credit history (Application).
How fast can you close after the Term Sheet is signed?
In most short-term loan scenarios we can move extremely quickly and close nearly as fast as a cash buyer. Long-term loans will usually take 15-30 days.
What is included in closing costs?
Closing costs include fees for loan origination, processing, appraisal, title insurance, and other services. They typically range from 2% to 5% of the loan amount.
Do you issue Pre-Approval or Proof of Funds letters?
Yes, we can equip you with a letter showing you are ready to make an offer with an initial approval from us! Just submit the Application for your loan type and we'll put one together right away.
