Eligibility and Loan Terms
Highlights
- 18.8% fixed rate per annum
- Low monthly cost: $1,854 per $100K (P&I)
- Second lien cash out
- No upfront fees
- 5% origination fee; third-party costs deducted at closing
- No minimum FICO® score
- $100K minimum
- Vacation and short-term rentals
Docs needed
Government ID, business documents, and proof of ownership. No income or asset documentation required. No minimum FICO® score.
Where We Lend
Available to borrowers in most U.S. states:
- Alabama
- Alaska
- Arizona
*
No loans secured by real property located in Arizona. - Arkansas
- Colorado
- Connecticut
- Delaware
*
No loans to sole proprietorships or general partnerships in an amount less than $100,000. - District of Columbia
- Florida
- Georgia
*
No loans to sole proprietorships secured by 1-to-4 family residential real property located in Georgia. - Idaho
*
No loans secured by 1-4 family residences or dwellings located in Idaho. - Indiana
- Iowa
- Kansas
*
No loans to sole proprietorships secured by 1-4 family residential real property or dwellings located in Kansas used or intended to be used for residential purposes by the owner. - Kentucky
- Louisiana
- Maine
- Maryland
*
No loans to sole proprietorships or entities other than corporations in an amount less than $75,001 if secured by residential real property. - Michigan
- Mississippi
- Missouri
*
No loans to sole proprietorships in an amount less than $5,000. - Nebraska
*
No loans to sole proprietorships. - New Hampshire
- New Jersey
*
No loans to sole proprietorships. - New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- Rhode Island
*
No loans to sole proprietorships in an amount less than $25,000 if borrower or real property is located in Rhode Island. - South Carolina
- Tennessee
- Texas
- Utah
*
No loans secured by residential real property located in Utah upon which a 1-4 family dwelling is located. - Virginia
*
No loans to sole proprietorships in an amount less than $5,000 and/or secured by a 1-to-4 family dwelling. - Washington
- West Virginia
- Wisconsin
- Wyoming
* Program restrictions apply in these states. Tap the asterisk to see them.
Not available in the following states: California, Hawaii, Illinois, Massachusetts, Minnesota, Montana, Nevada, North Dakota, South Dakota, Oregon, and Vermont.
All loans are business-purpose loans secured by non-owner-occupied investment or rental property. State availability eligibility is subject to change.