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Loans
Investor loans - Loan Information & Closing Cost
DOWNLOAD GUIDELINES
Collier, Lee, Martin, Monroe, Flagler, Orange, Seminole, Volusia, Brevard,
and Indian River Counties
Click here to view the closing
costs for the other counties we service.
Terms
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15%
($2,400 minimum charge) *points are paid at the time of closing. |
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Percentage and
points are subject to credit and inspection. Points
may vary according to location. |
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One Year (12 Mo.)
Interest ONLY Balloon |
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Lenders option
to extend for additional 12 months for an additional 3 points at end
of first term. |
Possible fees depending on your area
| $400 |
Documentation preparation fees for our attorney |
| $250 |
Administration Fee |
| $100 - $250 |
Inspection fee |
| $150 |
Processing fee |
| $20 |
Courier fee |
Vacant property insurance will be necessary.
NO JUA insurance will be considered unless property is already a rental.
Please see our insurance requirements.
These rates are for single family to fourplex units only.
Apartment buildings and other commercial properties may have different
terms, conditions, and fees.
Note
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Other
fees may be charged for NOT appearing at your closing time.
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24
Hour closings start at $1,500 & may require a non-refundable deposit
to begin processing. |
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Our
attorney requires 2 days to review title and prepare loan documents.
If the title company does not comply, it will be treated as a *24
hour closing. You will be billed accordingly. |
• Sufficient equity and/or a higher rate or points
may be required.
• The expressed rate could change or not be available at commitment
or closing.
• These are ONLY Investors Mortgage closing costs and are paid at
time of closing. Keep in mind you still have title charges, taxes and
insurance etc…
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