Loan Application

BORROWER INFORMATION

*= required information for application submission

* First Name: Middle Initial:
* Last Name:

Home Address
Street :

City: State: Zip code:

How long at this address?

rent or own ?

Mailing address:

Date of Birth:
Month /Day /Year

Social Security or ITIN Number:

Married
Single
Divorced

* Home phone number: - -

* Cell phone number: - -

* Work phone number: - -

* Email address:

* What is the extent of your experience in purchasing real estate?

FINANCIAL INFORMATION

* Amount of cash you have available for down payment, loan fees and closing costs. For investors, in addition to the above, it is important for me to know how much working capital you have for renovation and holding costs, etc. to ensure your success:
$

401K or IRA, etc. (if applicable) how much do you have in your retirement account:
$

Debt:
Current monthly rent or mortgage payment*:

Minimum monthly required credit card payment(s)*:

Monthly car payment(s)*:

Minimum monthly required student loan payment(s):

EMPLOYMENT INFORMATION

Employer:

Employer Address:

Occupation/Position/Title:

Length of employment (years/months)*:

Monthly Gross Income (before taxes): $

CO-BORROWER INFORMATION (if applicable)

First Name: Middle Initial:
Last Name:

Home Address:

Street :

City: State: Zip code:

Mailing address (if different):

Date of Birth:
Month /Day /Year

Social Security or ITIN Number:

Home phone number: - -

Cell phone number: - -

Work phone number: - -

Email address:

CO-BORROWER EMPLOYMENT INFORMATION (if applicable)

Employer:

Employer Address:

Occupation/Position/Title:

Length of employment (years/months):

Monthly Gross Income (before taxes):

* INFORMATION ON PROPERTY TO BE FINANCED

* Is this a purchase or a refinance?

purchase
refinance

* Will your purchase be a:

short sale purchase
bank foreclosure purchase
regular purchase

* Are you intending to purchase for:

resale
rental
owner-occupied

* Type of property:

Address of property to be purchased (if known)

* Do you have an accepted purchase contract?
yes
no

* Have you opened escrow on the subject property?
yes
no

Let us know in the box below additional information you would like us to know about the property, yourself, general circumstances; or any questions you may have (500 characters):

Purchase price:

* Actual purchase price (if known) OR purchase price range:

What do you plan to do to the property in terms of renovations? (ie new AC, flooring, window replacement, roof, landscape, paint, additions, etc.)

Estimated resale value and/or monthly rental rate after renovation:

* Preferred Loan Program:

FIX & FLIP One Year Interest Only Loan
LOWEST Monthly Payment Program / 7 year balloon
12.99% 10 year loan
14.99% 10 year loan
16.99% 10 year loan

* How do you plan on paying off your hard money loan—what is your exit strategy?

Re-selling during loan your loan term
Re-financing after repairing your credit
Choosing a fully amortized loan (monthly payments will pay off balance)
My credit is excellent except for my recent “short sale” or “foreclosure”. I intend to refinance after the required 3 to 4 year waiting period per FHA or Conventional re-finance restrictions.

If none of the above, please explain you loan payoff plan:

Name, phone and email info for your Realtor ( if you have one):

* Credit Report
Yes, you are authorized to obtain our credit report. (Be sure you have provided above your social security or ITIN number, date of birth & home address )
No, we are not yet ready to move ahead, please don't obtain our credit report.