Loan Programs

Nationwide Lending

Lending Criteria

Fix and Flip

Stabilized Bridge

Buy To Rent

Long Term rental

ARM

New Construction

Bridge Loans

1-4 Single Family Homes

 12 Month Loan 


Min. Loan Amount

$50k

Min. Property Value

$50k

Max. Loan Amount

$2M

LTV 

Purchase

Up to 90% of the purchase price+ 100% of the Renovation Costs or Up to 75% ARV

 

Refinance: 

up to 72.5% of the AS-IS Value + 100% of the Renovation Costs Not to  Exceed 67.5% of the ARV 

Cash-Out:

Up to 65% of the AS-IS Value + 

100% of the Renovation Costs Not to  Exceed 60% of the ARV

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 Start at 8.25%

 

 
 

Multi-Family

 12 Month Loan With a 6 month Extension

Min. Loan Amount

$250k

Min. Property Value

$40k Per Door

Max. Loan Amount

$55M

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; 

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

Non-Owner Occupied Multi-Family Real Estate; 5+ Unit Apartments; Mixed-Use Properties 

Pre-Payment Penalty

Termination Fee

1% After Month 9

1-4 Single Family Homes

 12 Month Loan 


Min. Loan Amount

$50k

Min. Property Value

$75k

Max. Loan Amount

$2M

LTV 

Purchase:

Up to 75% of the AS-IS value  

Refinance: 

up to 70% of the AS-IS Value 

Cash-Out:

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

N/A

Termination Fee

1% After Month 9

Multi-Family

12 Month Loan With a 6 month Extension

Min. Loan Amount

$250k

Min. Property Value

$50k Per Door

Max. Loan Amount

$55M

LTV 

Purchase: 

Up to 65% of the As_Is Value

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

Cash-Out:

Up to 55% of the AS-IS Value 

 

 

  

Min. Fico Score

650

Property Types

Non-Owner Occupied Multi-Family Real Estate; 5+ Unit Apartments; Mixed-Use Properties 

Pre-Payment Penalty

Termination Fee

1% After Month 9

Single Family

24 Month Loan With a 12 month Extension

Min. Loan Amount

$50k

Min. Property Value

$75k

Max. Loan Amount

$2m

LTV 

Purchase:

Up to 75% of the As-Is Value or Up to 80% 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

5% prior to Month 6

Termination Fee

5% Prior to Month 6

Rates Start 

8.75%

Multi-amily

24 Month Loan With a 12 month Extension

Min. Loan Amount

$250k

Min. Value Per Door

$50k

Max. Loan Amount

$55m

LTV 

Purchase:

1-4 SFH Lesser of Up to 65% of the As-Is Value or Up to 65% Loan-to-Cost 

Refinance:

 1-4 SFH: up to 60% of the AS-IS Value

Cash-Out:

  Up to 55% of the AS-IS Value  

 

Min. Fico Score

650

Property Types

Non-Owner Occupied Multi-Family Real Estate; 5+ Unit Apartments; Mixed-Use Properties 

Pre-Payment Penalty

5% prior to Month 6

Termination Fee

5% Prior to Month 6

Rates Start 

8.75%

Long Term Rent

30 Years Fixed Rate Fully amortized

Min. Loan Amount

$55k

Min. Property Value

$100k

Max. Loan Amount

$1m

LTV 

Purchase:

Lesser of up to 75% of As Is Value or up to 80% Loan-to-Cost

 

Refinance: 

up to 75% of the AS-IS Value 

Cash-Out:

Up to 70% 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

3&5 Year Step Down Options

Rates Start 

6.25%

Adjustable Rate Mortgage

30 Years Fixed Rate, 

 5/1, 7/1, 10/1 & 10 years Int Only 

As-is Value Minimum

$50k


As-is Value Minimum

$100k

Max. Loan Amount

$2M

LTV 

Purchase:

Lesser of Up to 75% Of As-Is Value or 80% LTC

Refinance: 

Up to 75% LTV of As-Is Value

Cash-Out:

Up to 70% LTV of As-Is Value

Min. Fico Score

680

Property Types

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

4.95%

DSCR Requirements 

1.10x for Property Value <$150K

1.20x for Property Value $150K +

New Construction

12- 18 Months

 10 Day Close
Up to 20 units.

Minimum Loan Amount

$150k

As-is Value Minimum

$150k

Max. Loan Amount

$3M

LTV 

Purchase:

Lesser of Up to 85% LTV  or 75% LTC

Refinance: 

N/A

Cash-Out:

N/A

 
 

Min. Fico Score

620

Property Types

Single Family, Multi-Unit (1-4) Family Mixed-Use

Pre-Payment Penalty

N/A

Termination Fee

1% After Month 9

Rates Start 

8.49%

States Available 

AL, AR, CO, CT, DC, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NE, NJ, OH, PA, SC, TN, TX*, VA, WI, WV, WY 

NOW 

UT, OK

If you have done 18+ deals we can do up to 25% on the land if you own the Lot

Minimum of 3 completed projects as owner

guarantor within the past three years to qualify.

Bridge Loans

Up to 2 years 

7-10 Day Close

Minimum Loan Amount

$150k

As-is Value Minimum

$150k

Max. Loan Amount

$3M

LTV 

Purchase:  Up to 75% LTV  

 

Refinance: 

N/A

Cash-Out:

N/A

 
 

Min. Fico Score

620

Property Types

Single Family 1-4

 

Pre-Payment Penalty

N/A

Termination Fee

1% After Month 9

Rates Start 

8.49%

States Available 

AL, AR, CO, CT, DC, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NE, NJ, OH, PA, SC, TN, TX*, VA, WI, WV, WY 

Premier RTL Program 

 **NEW SUBCLASS OF 12mo BRIDGE**

New Investors (0-2 properties):
 Purchase: Up to 80% of Purchase Price + 100% of Renovation Costs; Not to Exceed 70% of the ARV

o 10.25% Interest Rate  **Buydown Available**

Experienced Investors (3+ properties):
 Purchase: Up to 90% of Purchase Price + 100% of Renovation Costs; Not to Exceed 75% of the ARV

 8.25% Interest Rate  **Buydown Available** 

Points and Interest

Points and Interest are based on the Investors experience. 

 Points 1.50 to 3.75 Points 

A preliminary terms sheet will be provided at no cost once a request is sent.

All cost will be provided for you to review and approve.

 

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/LTC. 
Purchase price: $100k x 75% LTV/LTC is $75k. 
 
 

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. 

Expedia Homes, LLC is a redeveloper company that buys and sells properties from Homeowners, real estate investors and entities that are associated with the real estate business. Expedia Homes, LLC offers Hard Money loans to investros nationwide by brokering with banks & direct lenders nationwide. Expedia Homes, LLC is not associated in any way or form with any, insurance companies, restaurants, big box offices, hotels, airlines, rental car companies, travel agencies, time shares, car dealers or any travel or vacation destination industries.

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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