Terms & Fees
Commercial & Investment (non-rehab)
| Available Terms: | Payment based on: |
Rates: |
Points:* |
Penalty: |
| 12-24 Month Balloons | Interest Only | 12.5% – 14.00% | 1.5% – 2.5% | No |
| 60 Month Balloons With 15-Year Amortization |
Principal & Interest | 13.00% – 14.25% | 1.5% – 2.5% | No |
| * Plus broker points, if applicable | ||||
Residential Fix and Flip Investment
| Available Terms: | Payment based on: |
Rates: |
Points:* |
Penalty: |
| 12 Month Balloon | Interest Only | 13.25% | 1.5% – 2.5% | No |
| * Plus broker points, if applicable | ||||
Other Fees
| $350 – $750 | BPO (Broker’s Price Opinion) depending on property type, location |
| $1,150 | Lender Fee for processing and underwriting |
| $1,000 | Lender Attorney Fee to draw lender closing documents |
| $1,150 | Lender Fee for processing and underwriting |
| Miscellaneous Fees (If applicable, not all may apply) | |
| Actual Prepaid interest | |
| Escrows for taxes and insurance (to include 12 months prepaid insurance) | |
| Appraisal (certain loans will require a full MAI Appraisal in lieu of a BPO- typically loans greater than $900,000 or so) | |
| Survey (existing survey may be acceptable in some cases) | |
| Environmental Phase I Reports and or the review of TCEQ reports | |
| 3rd Party Fees related to title commitment, recording | |
| ***All rates, points, and fees are subject to change without notice*** | |
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