My Loan Closed Today, Inc.

PO Box 81396
Rochester, MI 48308

ph: 248-481-3840
fax: 248-841-4562

Michigan Hard Money

My Loan Closed Today, Inc. can assist you in obtaing Hard Money loans for your Michigan investment properties.

CRITERIA:

  • Up to 55% After Repaired Value - this includes the purchase, rehab money, and closing costs. Higher LTV once a relationship is built.
  • Brick Homes Only
  • 620 FICO
  • Full Doc - 1003, need 2 years tax returns or W-2's, last 2 paystubs (if available)
  • Lender will order appraisal - $325 at time of appraisal
  • Lender will order title
  • Hard Money loans can only be used to purchase INVESTMENT PROPERTIES - 1 - 4 Units.
  • When applying, we will approve you for the end loan to refinance out at the end of loan terms.
  • Can usually in 2 weeks once all docs are received and appraisal complete.
  • Payments are interest only. They can be rolled in to loan.
  • 3 - 4 Draws
  • Lender does require $500 -1500 of  your own money to be brough in to close loan.

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Mortgage, Residential, Investment Propety, Refinance, Hard Money, Second Home, Commercial, Realtor, Real Estate

FHA, First Time Buyer, Mortgage, Michigan Mortgage, Michigan Real Estate, FHA loan

PO Box 81396
Rochester, MI 48308

ph: 248-481-3840
fax: 248-841-4562