LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Brownsville, Texas |
Population | 182,781 |
Map Coordinates | 25.99°N 97.45°W |
Median Home Price | $95,600 |
Housing Units Owner Occupied | 32,269 |
Housing Units Renter Occupied | 22,783 |
Hard Money Loan Volume | $126,009,221.40 |
Rental Property Loan Volume | $154,991,342.32 |
Bridge Loan Volume | $44,103,227.49 |
Fix & Flip Loan Volume | $95,767,008.26 |