Private Lending Rate Sheets 2015 - image calculator-160908-57d1694d16280 on https://www.privatelendinggroups.com

Private Lending Rate Sheets 2015

calculatorPrivate Rehab & Cash out Investor Programs

Investor Gold

680 Minimum FICO

11-12% Interest Rate

4 months reserves required

75% LTV of Purchase Price

Borrower can prove Rehab Experience*

Minimum loan amount $75,000

Minimum after Value $120,000

Cash out allowed – 45% debt ratio
Investor Silver

620 Minimum FICO

13-14% Interest Rate

Borrower has 3 months reserves

70% LTV of Purchase Price

Minimum Loan Amount $50,000

Borrower has proof of Rehab History

Minimum after Value $100,000

Cash out allowed 50% debt ratio

 

Investor Bronze

580 Minimum FICO

14%+ Interest Rate

Repair money escrowed at closing

NO Debt Ratio Requirement

65% LTV of Purchase Price & Repairs

 

Minimum loan amount $35,000

Borrower has 35% cash invested

BK and Short Sale OK

ACH required for payments

Minimum after Value $90,000

 

Loan Terms

Loan Term: 12-18 month interest only

6 month extensions available

Pricing adjustments for D/R exceptions and FICO Scores under 580

Minimum Fee $4,000

$695 Doc Prep Fee

$300 Inspection Fee                       

Private Lending Group Inc. 1046 W Kinzie St #300 Chicago IL 60642 – Phone: 312 938 0492

Submit Loans by Fax: 312 528 9043 or Email: dan@plgus.com

To download rate sheet click link below:

PLG Rate Sheet Web 10 15

Posted in Rate Sheets.