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We do an appraisal to determine the current value and the after repair value (ARV)
We look for the following:
Conventional
FHA
VA
Fix/Flip (Rehab)
NOO Renal Properties
Commerical Properties
Yes. We have owner occupied and non-owner occupied programs.
Yes. We do review the credit to get an overall feel for the borrower.
Yes, on a case-by-case basis.
Michigan
Depending on the program, we will go as high as 97% LTV.
Typically, E3 Funding will collect $450-$550 to pay for the apprasial once the borrower expresses intent to move forward with the transaction.
Our minimum loan amount is $10,000