Guidelines: LOAN & Borrower

Loan approvals must meet these criteria.  

- Property must be a single-family home,   

   and at least a 2Bed/2Bath and 1,100 sq. ft. 

- Property with a garage is preferred.    

   (Case-by-case basis.)   

- Condos & Multi-units may be considered.   

   (Case-by-case basis.)   

- Trailer purchases must contain the land.    

  Not many lenders loan on trailers,     

  so rates will vary.  NO LOT RENTALS.  

- Loan to A.R.V. = 65% maximum    

  (A.R.V. = After-Repair Value) 

  *  Money is available for repairs,      

   if there is room in the deal.   

- Min. points & interest = 3 points at 12%  

  (Subject to the deal & borrower’s credit.)    

- Geographic location: 

 - Central Florida (Orlando)  

 - East Florida coast (Daytona to Miami) 

- Have a Credit score of at least 650+.

- Credit Scores lower than 650 

  are a case-by-case basis. 

  (Terms may change.) 

- Expect your Credit Report to be verified.  

- Have a (minimum) 10% down payment. 

  (This does not include closing costs.)

  * Unless it’s an excellent purchase

     like 50% of After-Repair Value.

- Have a Credit score of at least 650+.

  Credit Scores lower than 650 

  are a case-by-case basis. 

  (Terms may change.) 

- Expect your Credit Report to be verified.  

- Have a (minimum) 10% down payment. 

  (This does not include closing costs.)

  * Unless it’s an excellent purchase

     like 50% of After-Repair Value.