RATE SHEET

Premier Borrower Plan:

Starting at 11% Interest Only
  • Prepayment Penalty: None
  • ARV: Up to 70%
  • Origination Fees: 3%
  • Min. 660 Credit Score, 2 mo. bank statements & paystubs (if employed) & last 2 yrs. tax returns

Typical Borrower Plan:

Starting at 13% Interest Only
  • Prepayment Penalty: None
  • ARV: Up to 70%
  • Origination Fees: 3-4%
  • No Min. Credit Score, 2 mo. bank statements & paystubs (if employed).

New Construction Plan:

14-16% Interest Only
  • Prepayment Penalty: None
  • ARV: Up to 70%
  • Origination Fees: 5%
  • Min. 660 Credit Score, 2 mo. bank statements & paystubs (if employed) & last 2 yrs. tax returns

Multi-Family or Commercial Property Loans: call for terms

Standard Loan Term

6 Month Term

minimum loan amount

$100,000.00

maximum loan amount

$1,000.000.00
ALL BORROWERS MUST ENROLL IN AUTO-DRAFTING PAYMENTS

Risk Based
Loan is based upon the risk of the deal. Borrower's Credit, Liquid assets and experience are all considered.

Credit Reports
Payment History & Credit Scores are considered for all Hard Money Loans regardless of amount. DHLC will pull credit for all new borrowers.

Appraisal and Inspection
DHLC will order Appraisal and Inspection. Vendors paid at time of service by borrower.

Minimum ARV:                                   $150,000.00
Minimum Loan Amount:                  $100,000.00
Initial Inspection Fee:                        $120.00
Draw Inspection Fee:                        $125.00

Loan To Value
Up to 70% at lenders discretion subject to: Risk, Property condition, Inspection and Appraisal

Escrows/Impounds
6 mo. Hazard/Builders Risk Insurance required. All insurance MUST have a Theft Rider.

Property Taxes
All loans will have Seller Property Tax Credits held in Escrow by Lender. A Pro-rated amount will be added to monthly payment.

Doc Prep Fee
$550.00 Payable at Loan Commitment

Appraisal Fee
$400.00 - Includes both an “As Is” and “As Repaired Value “

Home Warranty
$495.00 - Required on most loans