FAST 50 means FAST Closings. Make up to 4 Points.
We are a direct-stated income lender for 1-4 unit investment and commercial properties. With just a minimum mid credit score of 700, you can get up to 60% LTV max with absolutely no personal income verified. We are between institutional bank and hard money financing. We offer a more cost effective financing solution versus traditional hard money.
3 or 8 year ARMs available with rates starting around 7.74%.
30 year fully amortized loans
W-2 or self-employed
Seller seconds and gift funds allowed on purchases
Now offering a faster closing with more flexible underwriting:
On deals with a 50% LTV or below- we guarantee a closing within 5 business days from receiving the appraisal and underwriting conditions
620+ mid FICO score qualifies your borrower
700+ mid FICO score qualifies for 50 BPS Reduction on the start rate
Bankruptcies: Okay 1 day after discharge
No tax returns or income statements required
Remember, you the broker, can still earn up to 4 points on every deal, with 1 point in rebate!