RATE SHEET

ELITE BORROWER PLAN:

Rate 10.5% Interest Only
  • Financing: Up to 100% of Purchase Price & Repairs*
  • LTARV1: Up to 70%
  • Origination Fees: 2% (1% at closing, 1% Deferred until payoff)
  • Prepayment Penalty: None
  • History of 4+ loans with DHLC. Min. 720 Credit Score, 2 mo. bank statements & paystubs (if employed) & last 2 yrs. tax returns. No min. down.

Premier Borrower Plan:

Rate 11% Interest Only
  • Financing: Up to 100% of Purchase Price & Repairs*
  • LTARV: Up to 70%
  • Origination Fees: 3%
  • Prepayment Penalty: None
  • Min. 680 Credit Score, 2 mo. bank statements & paystubs (if employed) & last 2 yrs. tax returns. No min. down.

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Typical Borrower Plan:

Rates Start at 12% Interest Only
  • Financing: Up to 100% of Purchase Price & Repairs*
  • LTARV: Up to 70%
  • Origination Fees: 3-4%
  • Prepayment Penalty: None
  • No Min. Credit Score, 2 mo. bank statements & paystubs (if employed). No min. down.

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* Loan Amount not to exceed 70% of After Repaired Value. DHLC will finance 100% of approved repairs and balance paid to purchase price.  Not to exceed loan amount.

1Loan To After Repaired Value

Multi-Family, Commercial Property, Or New Construction Loans: call for terms

Standard Loan Term

12 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:                        $150.00

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

Escrows/Impounds
12 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
$510.00 - Required on most loans

Service Fee
$45.00 Per month