hard money loans florida

Conventional – FHA, VA – Coming soon…

Conventional Loan Products: FHA, Conventional, Etc.

A loan officer will reach out to you to find out what program will be the best fit for you & gather the necessary information to submit for a pre-approval.

Please complete the Uniform Residential Loan Application to get started.

Hard Money – Asset Based Loan Program

 8% – 11% Rate

 1.75 to 4 Points (Depending on the Risk of the Asset)

 1-3 Year Term Interest Only w/ Balloon at the end of the Term

 Non Owner Occupied/Business Use/Investment/Commercial Properties

 Up to 65% LTV off Purchase Price or Appraisal (if Refi)

 3-6 Month Prepayment (no prepayment option available)

 Quick 7 day closing once title and appraisal complete

 No Detailed Docs or Tax Returns for income verification

Minimum of $50,000 Loan Amount in Greater South Florida

Central & North Florida – Minimum Loan Amount of $100,000

Must be Commercial in nature & Excluded from Federal Guidelines*

Rehab – Fix & Flip Program – Investment Properties

Up to 90% of purchase price can be financed

Up to 100% of renovation budget can be financed

Rates from 8.5% to 12% depending on credit & experience level

12 month term (with option to extend another 6 – 12 months)

Minimum total loan amount of $75,000

No maximim loan amount (Typical deal size $100,000 – $2,500,000)

2 – 4 Points (Can be financed by the lender)

Can finance closing costs

Asset Type: Single property, portfolios, SFR, condos, townhomes, 2-12 unit multifamily

Owned or to be Purchased in an Entity

Zero junk fees – Application Fee is only $299

NO Prepayment Penalty!

Qualifying Criteria – FICO >550, No Previous experience required (lower LTV if no experience), No foreclosures, short-sales or bankruptcies in the past 4 years, No involuntary liens or judgments, No felonies or financial fraud

Self Employed – Bank Statement

Non-Conventional Program

No Tax Returns/Transcripts Required

Bank Statement Deposits Used To Qualify Gross Monthly Income

Need 12 – 24 Months Bank Statements (Personal Or Business)

Loans Up To $2 million (Min Loan Amount $150,000)

Location: Florida Only

Credit Scores Down To 660 (Certain exceptions down to 620)

Rates Starting at 5.5% (1.75 – 2.25 Points which can be paid by lender)

Personal To 90% LTV (No MI), Business To 80% LTV

DTI Above 35/43 Considered With 660+ Credit Score

Owner-Occupied, 2nd Homes, Investment Properties

2 Years Seasoning Foreclosure, Short Sale, BK, DIL

Non-Warrantable Condos Considered

5/1 ARM Or 30-Year Fixed (No Interest Only)

No Pre-Payment Penalty For Owner-Occupied And 2nd Homes

Property Types: Condos, 2-4 Units, SFR

Rental – Investor Cash Flow Program

No Personal Income Used To Qualify

Qualification Based On Property Cash Flow

2 Years Seasoning Foreclosure, Short Sale, BK, DIL

Credit Scores Down To 660

Location: Florida Only

Rates Starting In The Low 6’s (1.75 – 2.25 Points which can be paid by lender)

Up To 75% LTV (Up To 80% NOO On Other Programs)

No DTI Restrictions

5/1 ARM Or 30-Year Fixed (Interest Only Option Available)

Must Have Housing History And Own A Primary Home

SFRs, Town Homes, Condos, 2-4 Units

No Limit On Number Of Properties Financed

Loans Up To $1 Million (Minimum $75,000)

Unfavorable Credit or Housing History

Non Prime Program

1 Day Out Of Foreclosure, Short Sale, BK, DIL

Rates Starting In The 5’s

1.75 – 2.25 Points which can be paid by lender

Loans Up To $1 Million (Over $1M Case By Case)

Credit Scores Down To 500 (Including Jumbo Loans)

Location: Florida Only

Up To 85% LTV With No MI

Mortgage Lates Are OK

100% Gift Funds Allowed

DTI Up To 50% Considered

Owner-Occupied, 2nd Homes, Investment Properties

5/1 ARM Or 30-Year Fixed

No Pre-Payment For Owner-Occupied And 2nd Homes

No Active Tradelines OK With Housing History

SFRs, Townhomes, Condos, 2-4 Units

Seller Concessions To 6% (2% For Investment)

Non-Warrantable Condos Considered

Up To 100% Investor Concentration Allowed

Good Credit – Portfolio Program

Rates Starting In The 4’s

Up To 90% LTV With No MI

1.5 – 2.25 Points which can be paid by lender

2 Years Seasoning Foreclosure, Short Sale, BK, DIL

Loans Up To $2 million (Minimum Loan $75,000)

Credit Scores Down To 620

Cash Out For Reserves OK

Gift Funds Allowed

DTI Up To 50% Considered

Owner-Occupied, 2nd Homes, Investment Properties

Interest Only Program Available

5/1 ARM Or 30-Year Fixed

No Pre-Payment Penalty For Owner-Occ And 2nd Homes

SFRs, Townhomes, Condos, 2-4 Units

Seller Concessions To 6% (2% For Investment)

Non-Warrantable Condos Considered

Up To 100% Investor Concentration Allowed

Location: Florida Only

Foreign National Program

Up To 75% LTV (Purchase Or Refinance)

Rates starting in the 6’s

1.5 – 2.25 Points which can be paid by lender

No US Credit Required

12 Months Reserves Required

Reserves Can Remain In Foreign Account

DTI Up To 50% Considered

Fewer Country Restrictions

No SSN Or ITIN Required

SFRs, Townhomes, Condos, 2-4 Units

Non-Warrantable Condos Considered

ARM Or 30-Year Fixed

Loans Up To $750,000 (Higher Amounts Case By Case)

Minimum Loan Amount Down To $75,000

Location: Florida Only

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap. For immediate help please call 954-320-0242 or email david@capitalfundingfinancial.com

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