RATE SHEET

SIMPLE FIX-N-FLIP PLAN:

Borrow up to 80% of ARV³ & 100% LTC¹
  • 100% LTC Financing: Up to 100% Loan to Cost. 100% of Purchase Price & Cost of Repairs¹
  • 80% ARV: Borrow up to 80% of After Rehabbed Value³
  • ZERO Down Payment: DHLC has NO Minimum Down Payment Requirement⁴
  • Low Rates: Rates from 10.5%² Interest Only
  • No Minimum Credit Score: No Minimum Credit Score Requirement. Rates Based Upon Score.
  • 2% Origination Fee: Origination Fee as low as 2%²
  • No Prepayment Penalty: Never a Prepayment Fee on Fix-N-Flip loans
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1DHLC will finance 100% of approved repairs and balance paid towards the purchase price up to 100% of the loan amount.

2History of 4+ loans with DHLC. Min. 720 Credit Score, 2 mo. bank statements & pay stubs (if employed) as well as last 2 yrs. tax returns. Typical borrowers pay a 3% Origination Fee

3Property must meet specific underwriting guidelines including property age (1970 or newer) size (min 3 BR 2 BA), After Repaired Value ($225k - $350k) and geographic location. Typical properties qualify for 70% of ARV. Call for complete details.

4Borrowers only pay Closing Costs, Origination Points and any “Gap”.

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

Standard Loan Term

12 Months

minimum loan amount

$100,000.00

maximum loan amount

$1,000.000.00
ALL BORROWERS MUST ENROLL IN AUTO-DRAFTING (ACH) 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.

Loan To After-Repaired Value (LTARV)
Up to 80% at Lender's discretion subject to: risk, property condition, inspection, appraisal, and underwriting review.

Draw Inspection Fee
$150.00 per draw

Insurance Requirement
Hazard/Builders Risk Insurance required. All insurance MUST have a Theft Rider.

Escrows/Impounds
All loans will have Seller property tax credits held in escrow by Lender. A pro-rated amount will be added to monthly loan payment.

Doc Prep Fee
$550.00 - Payable at Loan Commitment

Appraisal and Inspection
DHLC will order Appraisal and Inspection. Vendors paid at time of service by borrower. $520.00 - In most cases

Home Warranty
$545.00 - Required on most loans

Loan Servicing Fee
$45.00 per month