Escrowed Loans

ESCROWED LOANS

We always provide preliminary terms upfront.  

No income, or asset docs verification

All loans are for LLC or Corporations

No foreign nationals 

12 Month Mortgage history or 1 deal experience to qualify

A background check is required

The Monthly Payments can be escrowed

1-4 SFH only

 *On Long term purchases we require Bank statements

Lend nationwide except ID, NV, ND, SD, VT, and DE.

Ground Up Construction

 Fix and Flip

 30 years Fixed

30 Cash Out Refi 

Adjustable Rate Mortgage (ARM)

COMING SOON​

With ADVANCED CONSTRUCTION DRAWS

ADVANCED REHAB DRAW SCHEDULE

Long Term Hold

Long & Short Term Rentals

Long Term Loans

12 Month

12 Month

360 Months

360 Months

360 Months

Min credit 660

Min credit 660

Min credit 680

Min credit 680

Min credit 680

1-4 units

Interest 8 to 12%

 

2.75 to 4 Points

 

1-4 units

Interest 8 to 12%

 

2.75 to 4 Points

1-4 units

Interest As low as 5%

  

2.75 to 4 Points

 

1-4 units

Interest As low as 5%

  

2.75 to 4 Points

1-4 units

Interest As low as 5%

  

2.75 to 4 Points

Minimum Loan 

$100K

Max Loan 

 $2mm

Minimum Loan 

$75K

Minimum Price per Door $75k

Max Loan 

 $2mm

Minimum Loan 

$75K

Minimum Price per Door $75k

Max Loan 

 $2mm

Minimum Loan 

$75K

Minimum Price per Door $75k

Max Loan 

 $2mm

Minimum Loan 

$75K

Minimum Price per Door $75k

Max Loan 

 $2mm

12 months Escrowed interest payments rolled into the loan

9 months Escrowed interest payments rolled into the loan

4 months Escrowed interest payments

4 months Escrowed interest payments

4 months Escrowed interest payments

100% construction budget. 

Must own the land

Must have 3 prior builds experience.

Up to 

90% Purchase price 

& 100% Rehab 

Max LTV  90%

Max ARV 75%

Max LTC 87.5%

Up to 

80% of the Purchase Price

 Max LTV up to 80%

 Max LTV 75%

Max LTV 75%

As is Value 80%

30 Fixed ARM

3/1 – 5/1 – 7/1 

10/1 INTEREST ONLY, No balloon, it auto rolls into 20 years fixed loan

ADVANCED construction draws upon close

Minimal/No cash due at closing 

In some instances even cash back at closing.

 0-4 Deals:

  3 payments due at closing

9 payments are financed as into the loan. 

Reimbursement Draws.

5 + Deals:

 3 payments due at closing 

9 payments are financed as into the loan. 

& we provide Advanced draws at closing.

 

 Purchase: 

4 payments due at closing for purchases.

Refinance /cash out:  

4 payments financed into the loan 

 

No payments 

until month # 5

Refinance /cash out:  

4 payments financed into the loan 

No payments 

until month # 5

Refinance /cash out:  

4 payments financed into the loan  

No payments 

until month # 5

Must own the 

land

Non owner-occupied investment properties only

Non owner-occupied investment properties only

Non owner-occupied investment properties only

Non owner-occupied investment properties only

No prepayment penalty

Prepayment penalty 

Year 3%- 2% 1%

Prepayment penalty 

Year 3%- 2% 1%

Prepayment penalty 

Year 3%- 2% 1%

No real estate investment experience necessary

No income verification

No asset verification

Required bank statements to show funds on the account within the last 60 days

No real estate investment experience necessary

No income verification

No asset verification

No real estate investment experience necessary

No income verification

No asset verification

 12 months of mortgage history or history with a financial institution

 12 months of mortgage history or history with a financial institution

 12 months of mortgage history or history with a financial institution

 

Documents needed:

 

 

 Purchase and sale agreement with any addendums.

Photo ID’s of all members of Entity or Corp.

Track record/Experience of the investor

Loan Submission Form

Entity/Corp. docs

Signed Term Sheet/Estimate

Scope Of Work

Draw schedule template 

Background check

GC: Contractors docs

Insurance docs

 

What factors dictate the percentage, 

the interest and the points of a loan? 

Your Credit, Your experience and the profitability of the deal.

 

*Points and interest are based on the investors experience.

Request preliminary terms or Submit a Loan NOW?

Disclosures:

By attending this website (www.expediahomes.com), any visitor is hereby expressing and/or accepting: 

This is not a commitment or offer to lend, buy or sell any securities. This website is for informational purposes only.  Interest Rates, Fees, and other important or minor details are subject to change based on market conditions, due diligence, and input by underwriting. If your project is approved, a formal loan commitment will be issued. Time frames for each portion of the process vary due to market conditions and other factors like third parties. By visiting this website, the visitors hereby agree on behalf of the visitor’s company / business entity along with sponsors, co-sponsors, officers, and/or investors, to hold harmless Expedia Homes,  LLC, www.expediahomes.com  LLC’s investors, employees, officers, and/or third party subcontractors in the closing of any transactions. Third party reports are ordered at on a cost plus review basis. Expedia homes, LLC cannot guarantee nor influence values, or other specific important and/or minor conclusions, along with the time frames to complete third party reports. Some projects require a project feasibility, and may or may not require traffic studies or other individual reports as required by specific subject property locations and market conditions. Expedia homes, LLC does not pay for third party reports, third party reports are billed via invoice that must be paid at presentation by the investor. Time is of the essence, and even though Expedia homes, LLC works tirelessly to maintain quick closing times, there are factors outside of the control of Expedia homes, LLC, along with other conditions, that do not always allow the projected time frames to be maintained.  Brokers and, or referral sources are protected, thus Expedia homes, LLC honors Broker Invoices or Referral Fee Agreements that are submitted in writing. Expedia homes, LLC only accepts new client files from brokers, if you have a further transaction, please see your introducing representative. Expedia homes, LLC  uses a private source of capital, therefore your information will not be shared with the general public on any marketing information. 

Expedia Homes, LLC is a limited liability company out of the State of Texas. Expedia Homes, LLC indirectly provides funds and also brokers requests that cannot be funded in house. Expedia Homes, LLC does not operate in any state or local area whereas the laws of that state or local are prohibit cost effective operations. Expedia Homes, LLC is a private company, not open for the public. Expedia Homes, LLC does its best to analyze and review all proposed transactions, but cannot possibly analyze, review, and take interest in all transactions that are presented. Rates, Fees, and other minor or important details are subject to change with or with out notice. No warranties are granted, nor should be implied. 

This page is intended to be used as an outline for discussion purposes only and relies upon, amongst other things, the accuracy of  the information entered by the applicant. All loan requests are subject to a full underwriting and due diligence review upon the submission of a complete loan file from the applicant, and the proposed terms and conditions may change based on the results of this review. Nothing herein represents a commitment, agreement, or obligation from Expedia Homes, LLC to lend money under these or any other terms.

 The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

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