Funding Guidelines.

Funding Guidelines

Residential Mortgage Notes – Single Family Residence

Minimum Funding Amount: $30,000 Maximum Funding Amount: $2,000,000

First position notes only – No Seconds No Interest Only Notes

Credit Requirements: Notes seasoned from 90 days to 1 year = 650+

Notes 1 year and older = 600+

Minimum Seasoning Requirement: 90 Days

Minimum Down Payment: 10% for all notes with less than one year pay history.

Rehab deals require at least one year of pay history.

Residential Mortgage Notes – Condo’s / Duplexes / Townhomes

Minimum Funding Amount: $30,000 Maximum Funding Amount: $2,000,000

First position notes only – No Seconds No Interest Only Notes

Credit Requirements: Notes seasoned from 90 days to 1 year = 650+

Notes 1 year and older = 600+

Minimum Seasoning Requirement: 90 Days

Minimum Down Payment: 10% for all notes with less than one year pay history.

Rehab deals require at least one year of pay history.

Mobile Homes with Land

Minimum Funding Amount: $30,000 Maximum Funding Amount: $200,000

First position notes only – No Seconds No Interest Only Notes

Credit Requirements: Notes seasoned from 90 days to 1 year = 650+

Notes 1 year and older = 600+

Minimum Seasoning Requirement: 90 Days

Minimum Down Payment: 20% for all notes with less than one year pay history.

No mobile home notes without land.

Rehab deals require at least one year of pay history.