Fast Funding Loans

We Fund Houses Loan Program is based on the After Repaired Value of the property. Our loans include funds for repairs.

Loan Details

• Up to 70% LTV (including points & fees)
• 14.88% interest only payments
• 4 points origination
• 6 month term
• Points and closing costs can be rolled into loan up to the LTV requirement

Terms

• Minimum Credit Score of 600 (credit scores under 600 will require an co-borrower)
• Appraisal and Inspection Fees of $500.00 are due upon loan submission. Loan applications will not be reviewed or processed until payment is received.
• No Foreclosures on Credit Report
• No Bankruptcy (discharged or dismissed in the last 24 months)
• A one time extension of three months may be granted at the sole discretion of We Fund Houses, LLC on a case by case basis. This will be based on loan portfolio status, payment history, and inspection.  Extension terms are 3 points fee for extension, and the interest rate immediately converts to 18%.
• Loans in excess of $350k will require two appraisals to be completed.
• The repair costs will be released in the form of draws as the work is completed.  The draw schedule will be agreed upon and included in the loan documentation.