Steps Regarding Your Loan Application

 

Please make copies of the loan application to have on hand for future deals.

 

  1. We will give you a loan amount.
  2. We will fax you the paperwork to fill out regarding your credit and property information. 
  3. We will pull your credit and go to inspect your property.  Property inspection fee is $100 and will be added to your closing costs, along with a processing fee, administration fee, service and document preparation fee, which is $600.
  4. Rush closings are available (72 hours or less) for a $350 up front nonrefundable fee.

 

Borrower Checklist for Closing

 

You will need to bring these items to closing:

 

  1. Hazard and Wind insurance that covers vacant property and proof of payment, please fax this document to us 24 hours prior to closing for our review.
  2. Your cashiers check for the closing cost due.
  3. Your corporate seal and tax id number for your entity.
  4. Your driver’s license.

 

The Closing Process

 

  1. Fax back the full application, executed contract; title company information and recent credit report (if you have one) otherwise we’ll pull it for you.  Please call to confirm receipt of all information faxed. Fax to 954-354-1010.
  2. After the property inspection and all your paperwork has been faxed to us we will give you a firm loan commitment, which includes the loan amount, percent, and points. 
  3. The title company will start their lien search to obtain clear title (estimated time is 10-14 days).  You will need to provide how you are purchasing the property, i.e. corporation, trust, LLC and who is the president of the entity.  You must also provide the buyers name, phone, fax and address, the sellers name, phone, fax and address, any real estate agents names, phone, fax and addresses and anyone who will be attending the closing to provide to them with the location and time of the closing.
  4. Once the title company has obtained clear title they will fax us a title commitment and we will close shortly.
  5. We will prepare the mortgage documents.
  6. We will confirm with the title company the closing date and time. 
  7. Please understand if you need a “rush closing” an extra fee will be charged.

 

Please print out form and fax to 954-354-1010.

For PDF version of application, click here.