Loan Programs

Nationwide Lending


Lending Criteria

1-4 Single Family Homes

12 Month Loan With a 6 month Extension

Min. LoanAmount

$75k

Min. Property Value

$75k

Max. Loan Amount

$2M

LTV 

Fix & Flip: Up to 80% of the purchase price + 

100% of the Renovation Costs.

Refinance: up to 65% of the AS-IS Value + 100% of the Renovation Costs

Cash-Out: Up to 60% of the AS-IS Value + 100% of the Renovation Costs

Min. Fico Score

650

Property Types

1-4 Non Owner Occupied Single Family Homes, Condos & Townhomes

Pre-Payment Penalty

N/A

Termination Fee

1% After Month 9

Rates (based on experience within past 3 years): 

0: 11.99%

1-2: 10.99%

3+: 10.49%

10+: 9.99%

Buy To Rent

24 Month Loan With a 12 month Extension

Min. LoanAmount

$75k - 2M 1-4 SFH, Condos & Town Homes

Min. Property Value

$65k

Max. Loan Amount

$250k - $3M Mltifamily 5+ Unit Apartments; Mixed-Use Properties

LTV 

Purchase 1-4 SFH :The lesser of Up to 75% of the As-Is Value or Up to 75% Loan-to-Cost

 

 

Refinance 1-4 SFH: up to 65% of the AS-IS Value + 

 

Cash-Out 1-4 SFH: Up to 60% of the AS-IS Value + 

 

Min. Fico Score

650

Property Types

1-4 Non Owner Occupied Single Family Homes, Condos & Townhomes

Pre-Payment Penalty

6 months prepayment penalty at 5%

Termination Fee

1% After Month 9

Rates 

8.99%

LTVs (Multi-unit/Mixed-use): 

Purchase: The lesser of Up to 70% of the As-Is Value or Up to 70% Loan-to-Cost

Refinance: Up to 60% of the As-Is Value

Cash-Out: Up to 55% of the As-Is Value

Long Term Rent

30 Years Fixed Rate Fully amortized

Min. LoanAmount

$55k

Min. Property Value

$100k

Max. Loan Amount

$1M

LTV 

Purchase: Lesser of up to 70% of As Is Value or up to 70% Loan-to-Cost

 

Refinance: up to 70% of the AS-IS Value 

Cash-Out: Up to 65% of the AS-IS Value

Min. Fico Score

650

Property Types

1-4 Non Owner Occupied Single Family Homes, Condos & Townhomes

Pre-Payment Penalty

Prepayment Penalty: 5 Year Step-Down or 3 Year Step-Down

Termination Fee

1% After Month 9

Rates 

6.25%

DSCR Requirements 

1.33x for Property Values <$150k

1.20x for Property Values $150k+

Multifamily

12 Month Loan With a 6 month Extension

Min. LoanAmount

$250k

Min. Property Value

$50k Per Door

Max. Loan Amount

$2M

LTV 

Purchase: Up to 7o% of the purchase price + 

100% of the Renovation Costs.

Refinance: up to 60% of the AS-IS Value + 

100% of Renovation Costs; Not to Exceed 55% of the ARV

Cash-Out: Up to 55% of the AS-IS Value + 

100% of Renovation Costs; Not to Exceed 50% of the ARV 

Min. Fico Score

650

Property Types

5+ Units

Pre-Payment Penalty

Termination Fee

Rates (based on experience within past 3 years): 

0: 11.99%

1-2: 10.99%

3+: 10.49%

10+: 9.99%

(ARM) Adjustable Rate Mortgage

(ARM) 30 Year loans, 5, 7, 10 years  

Min. LoanAmount

$100k

Min. Property Value

$100k

Max. Loan Amount

$1M

LTV 

Purchase: Up to 75% LTV 

R & T: Up to 75% LTV

Cash-Out: Up to 75% LTV

Min. Fico Score

600

Property Types

SFR, 2-4 Units, Condos, PUD’s & Townhomes

Pre-Payment Penalty

(5/1) 3%, 2%, 1 - (7/1) 4%, 3%, 2%, 1% - (10/1) 5%, 4%, 3%, 2%, 1%

Termination Fee

1% After Month 9

Rates 

9.99%

This program is only available in: CA, CO, FL, GA, HI, ID, NC, OR, PA, SC, TN, TX, UT, VA & WA

Non-owner occupied only

Stabilized rental properties (leased or soon-to-be leased)

Bank statements only / no personal income verification

No DTI requirements for borrower

Non-Recourse available

Minimal DSCR requirements

Lender Fee: $1,195

No yield maintenance – sliding pre-pay only

Loans to individuals or entities

Request preliminary terms or Submit a Loan NOW?

HOW TO CALCULATE THE MINIMUM LOAN REQUEST LTV:
The minimum loan request is calculated by multiplying the purchase price by the LTV. 
Purchase price: $100k x 75% LTV is $75k. This loan meets our minimum loan request of $75k.
Purchase price: $134k x 75% LTV is $100,500k. This loan meets our minimum loan request of $100k.
Purchase price: $335k x 75% LTV is $251,250k. This loan meets our minimum loan request of $250k.

New Investor: 2 Flips or Rentals in 36 months = up to 70% LTV = 11.99% interest rate
Intermediate Investor 3-10 flips, Rentals in 36 months = up to 75% LTV = 9.75% Interest Rate
Pro: 10 or more flips, Rentals in 36 months = up to 75% LTV = 9.75% Interest Rate
1% Termination Fee After Month 9
 Points 1.75 to 3.75 Points 

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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