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Hard Money Loan Terms
The Basics
| Geographic Area |
Atlanta, Georgia |
| Property Type |
Residential non-owner occupied single family homes |
| Loan Size |
Up to $500,000 |
| Loan Term |
12 Months |
| Prepayment Penalty |
None |
| Lien Position |
First lien only |
| Loan-to-Value |
Up to 70% of the After Repaired Value |
| Credit Score |
620+ (some exceptions) |
| Lien Position |
First lien only |
Program A
| Down Payment |
$5,000 down (or 5%, whichever is greater) |
| Interest Rate |
13.75% interest only, paid monthly |
| Loan Fee |
4 points |
| Loan-to-Value |
Up to 70% of the After Repaired Value (ARV) |
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Program B
Down Payment |
No Money Down |
| Interest Rate |
15.75% interest only, paid monthly |
| Loan Fee |
5 points |
| Loan-to-Value |
Up to 65% of the After Repaired Value (ARV) |
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