Rate Sheet
Texas Hard Money Loan Programs
1-4 Family Investor Rehab Loans
Plan
Interest Rate
Prepayment Penalty
ARV
Origination Fees
Premier Borrower Plan:
Min. 660 Credit Score, 2 mo. bank statements & paystubs (if employed) & last 2 yrs. tax returns
Starting at 11%
None
Up to 70%
3%
Typical Borrower Plan
No Min. credit Score, 2 mo. bank statements & paystubs (if employed)
Starting at 12%
None
Up to 70%
3%-4%
Multi-Family or Commercial Property Loan:
14%-16%
None
Up to 70%
5%
New Construction, Raw Land or Development Loans:
Call for terms
Call for terms
Call for terms
Call for terms
*DHLC will pull credit.
Standard Loan Term
Minimum Loan Amount
Maximum Loan Amount
6 Month Term
$100,000
$1,000,000
“Good Standing”. 1.5 Orig Points. Rate goes to 18%
All borrowers must enroll in auto-drafting for 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