Interest rates, terms, points & fees for hard money loans: |
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Interest rates vary between 8.00%* and 18.00%*, depending on the investor, borrower qualifications, loan amount and purpose, property type, location, lien position, term, prepay period (if any) and any applicable state and federal law;
state and federal regulations for Section 32, AB489, and any/all other federal and state-level predatory lending regulations.
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Terms vary between 90-days and 30 years, mostly interest-only (some amortizing loans), depending on the investor, borrower qualifications, loan amount and purpose, property type, location, lien position, term, prepay period (if any) and any applicable state and federal law;
state and federal regulations for Section 32, AB489, and any/all other federal and state-level predatory lending regulations.
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Points: 2 to 10 points charged, depending on the investor, loan amount and purpose, borrower qualifications, property type, location, lien position, term, prepay period (if any) and any applicable state and federal law;
state and federal regulations for Section 32, AB489, and any/all other federal and state-level predatory lending regulations.
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Fees: processing, underwriting, title insurance, escrow, doc prep, recording, wire transfer, title messenger, survey, and other fees also apply when applicable. Appraisal fee, where required, is prepaid by borrower C.O.D. at the time of service. |
*Indicates the Note rate, not APR. APR will vary based on total finance charges, term, and state law where applicable. |
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