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How do you determine the value of the property?We do an appraisal to determine the current value and the after repair value (ARV)
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What type of loans do we look for?We look for the following: Conventional FHA VA Fix/Flip (Rehab) NOO Renal Properties Commerical Properties
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Will you loan on a primary residence?Yes. We have owner occupied and non-owner occupied programs.
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Do you look at credit or credit scores?Yes. We do review the credit to get an overall feel for the borrower.
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Do you lend construction money?Yes, on a case-by-case basis.
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What states do we lend in?Michigan
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What LTV do you loan up to?Depending on the program, we will go as high as 97% LTV.
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Do you require any fees upfront?Typically, E3 Funding will collect $450-$550 to pay for the apprasial once the borrower expresses intent to move forward with the transaction.
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Do you have a minimum loan amount?Our minimum loan amount is $10,000
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