Our minimum loan amount is $75,000, our origination charge is usually 2% – 3% of the loan amount.

The origination fee for loan amounts under $100,000 is a $2,000.00 flat fee plus .75% (3/4 of 1%) if a renovation loan.

All loans have other fees and charges including 3rd party fees for appraisal, & title, filing fees, taxes on the property and transaction. Our loan officers always provide detailed closing cost estimate with rate quotes.

Yes – we require an appraisal on all lending programs. Renovation and construction financing require a “subject to” appraisal. Long term purchase and refinance require “as is” valuations and a rent comparable analysis to determine fair market rent.