Pricing:
2% of transaction
* Minimum transaction fee is $1,500
Wire Fees (~$45)
Attorney/Doc Prep Fees (~$500-600)
Terms:
- 1-2 day loan
- Up to 100% Funded
- Lender discretion to require down payment
- No Credit Checks
- No Income Verification
- Same Day Funding Available
- All fees/points will be shown on HUD and paid for with proceeds
- * End buyer's funds must be at Title Company with approval to disburse before TIF will fund *
Requirements:
- Property Information
- Lender must approve property
- Copy of Executed Contracts
- A-B contract where you are the buyer
- B-C contract where you are the seller
- A-B and B-C closings must go through same Title Company AND close the same day.
- A-B funding will not occur until B-C is closed/signed and pending funding (See above 'disbursement' comment)
- If your Title Company says they can't do this, we will refer you to one who can
- Promissory Note
- Deed of Trust with vendor’s lien
- Property Insurance lined up with Lender as mortgagee/loss payee
- Does not have to be paid for unless B-C closing does not occur same day as A-B closing
- Proof of payment required in the event B-C closing doesn’t happen same day as A-B closing
- All charges/payments reflected on HUD and paid at closing
- Copy of Executed Deeds required to fund