Residential Loan Options
Velocity Vault Lenders
Hard Money & DSCR
Documents needed:
Application, last 3 Bank Statements, 2 forms of Government IDs
Fix and Flip
Hard Money Loan • Term: Up to 12 months •10-15% interest rate • No prepayment • LTC: Up to 95% •ARV: Up to 70% • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Property Types: SFR, Duplex, Triplex, Fourplex
Purchase
Hard Money Loan • Term: Up to 12 Months • 10-15% Interest Rate • No Prepayment • LTV: Up to 80% • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Property Types: SFR, Duplex, Triplex, Fourplex
Refinance
Hard Money Loan • Term: Up to 12 Months • 10-15% Interest Rate • No Prepayment • LTV: Up to 80% • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Property Types: SFR, Duplex, Triplex, Fourplex
Groundup Construction
Hard Money Loan • Term: Up to 18 Months • 10-15% Interest Rate • No Prepayment • LTC: Up to 100% • ARV: Up to 70% • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Property Types: SFR, Duplex, Triplex, Fourplex
Land
Hard Money Loan • Term: Up to 12 Months • 10-15% Interest Rate • No Prepayment • LTV: Up to 70% • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Property Types: SFR, Duplex, Triplex, Fourplex
Purchase
DSCR Program • Term: Up to 40 years • LTV: Up to 80% • Prepayment Penalty: Up to 5 years • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Minimum DSCR Ratio: 1% • Property Types: SFR, Duplex, Triplex, Fourplex
Rate & Term Refinance
DSCR Program • Term: Up to 40 years • LTV: Up to 80% • Prepayment Penalty: Up to 5 years • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Minimum DSCR Ratio: 0.75% • Property Types: SFR, Duplex, Triplex, Fourplex
Cashout Refinance
DSCR Program • Term: Up to 40 years • LTV: Up to 80% • Prepayment Penalty: Up to 5 years • Loan Amounts: $100,000 to $2,500,000 • Minimum Credit Score: 650 • Minimum DSCR Ratio: 0.75% • Property Types: SFR, Duplex, Triplex, Fourplex
Portfolio
DSCR Program • Term: Up to 40 years • LTV: Up to 75% • Prepayment Penalty: Up to 5 years • Minimum Loan Amount Per Door: $50,000 • Minimum Credit Score: 650 • Minimum DSCR Ratio: 0.75% • Property Types: SFR, Duplex, Triplex, Fourplex