How To Apply For A Loan From Us

Our loan process is straightforward and designed to be efficient, so we can provide you with an answer promptly. Since we are a direct lender, we can respond promptly, without waiting for other parties to make decisions.

To facilitate the loan process, please see the outline below of the items required. Then you can begin your loan application with our online form.

Our minimum loan amount: . Loan acceptance is based on satisfactory property inspection and appraisal. Your application does not affect your credit score.

1. Loan Process

a. Application and presenting of stipulations
b. Inspection of property
c. Ordering title of property
d. Appraisal by our Illinois certified appraiser
e. Closing date (Usually within 2 weeks of application)

2. Loan Program

a. 10% interest
b. 10 points loan origination
c. attorney fees
d. title fees
e. processing fee
f. 1 year escrow held on property taxes
g. 1 year escrow held on property insurance
h. 1 year ARM with balloon payment

3. One year interest held up front:

a. Do not have to make payments for 1 year and will have to pay principle at end-of-year
b. If you choose to make monthly payments, then we will continue to hold the loan as long as still in business and monthly payments are received

4. Stipulations – What will be needed for Application

a. 2 months bank statements: personal and business
b. 2 years tax returns: personal and business
c. Rent roll (if applicable)
d. Articles of incorporation and resolutions
e. Proof of property insurance
f. Property tax information
g. Current financial statements
h. Verification of closing on property bought with refinance
I. inspection fee (in cash or cashier’s check)

Our minimum loan amount: . Loan acceptance is based on satisfactory property inspection and appraisal. Your application does not affect your credit score.