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E
3
FUNDING
Equip. Empower. Enable.
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Frequently Asked Questions
01
How do you determine the value of the property?
We do an appraisal to determine the current value and the after repair value (ARV)
02
What type of loans do we look for?
We look for the following: Conventional FHA VA Fix/Flip (Rehab) NOO Renal Properties Commerical Properties
03
Will you loan on a primary residence?
Yes. We have owner occupied and non-owner occupied programs.
04
Do you look at credit or credit scores?
Yes. We do review the credit to get an overall feel for the borrower.
05
Do you lend construction money?
Yes, on a case-by-case basis.
06
What states do we lend in?
Michigan
07
What LTV do you loan up to?
Depending on the program, we will go as high as 97% LTV.
08
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.
09
Do you have a minimum loan amount?
Our minimum loan amount is $10,000
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