Question 1

How do you determine the value of the property?

Accepted Answer

We do an appraisal to determine the current value and the after repair value (ARV)

Question 2

What type of loans do we look for?

Accepted Answer

We look for the following:
 • Conventional
 • FHA
 • VA
 • Fix/Flip (Rehab)
 • NOO Renal Properties
 • Commerical Properties

Question 3

Will you loan on a primary residence?

Accepted Answer

Yes. We have owner occupied and non-owner occupied programs.

Question 4

Do you look at credit or credit scores?

Accepted Answer

Yes. We do review the credit to get an overall feel for the borrower.

Question 5

Do you lend construction money?

Accepted Answer

Yes, on a case-by-case basis.

Question 6

What states do we lend in?

Accepted Answer

Michigan

Question 7

What LTV do you loan up to?

Accepted Answer

Depending on the program, we will go as high as 97% LTV.

Question 8

Do you require any fees upfront?

Accepted Answer

Typically, E3 Funding will collect $450-$550 to pay for the apprasial once the borrower expresses intent to move forward with the transaction.

Question 9

Do you have a minimum loan amount?

Accepted Answer

Our minimum loan amount is $10,000

Equip. Empower. Enable.