Appraisal Services are normally done by the lenders side and maybe subject to a fee.
Institutional / Banks Loans are available depending on the quality of the property and qualifications of the potential borrower. Rates are a lot lower than private lending sources and closing will occur normally within 3 – 6 months
Processing Your Mortgagge Loan
General Terms and Conditions
- Preferably gated communities, condos, single family homes, Beach front properties, ocean view properties, commercial with tenants.
- Occasionally will consider land only properties such as ocean view or Central Valley Area.
- LTV is up to 50% of lender’s appraisal.
- Points to be determined once the property is presented for review.
- There maybe an up front fees for due diligence, the costs depend on size and location of property: it fluctuates between $150.00 to $500.00.
- Minimum loan is $100,000.00 a maximum loan $1,000,000,00 dollars."One Million"
- Closings within 30 days
After you have provided the financial information requested, the loan will be processed:
Documents required to start the process:
- Copy of Plano Catastrado and copy of Informe Registral
- Five good inside and five good outside photos
- Complete the On.-line Questionnaire