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Common Questions and Answers:
- I’m working on a 4 Family, can you help?
This is a residential loan (1-4 family).
- Do you do Interest Only Loans?
No, our loans are self-amortized.
- My borrowers Credit Scores are 500?
Our minimum score for any loan is 600 .
- Can you provide 90% LTV?
No. Our maximum loan is 80%
- Can you provide 100% LTV?
No.
- The building is selling for less than the appraised value. Can we get a mortgage based on the Higher Appraisal?
No, the loan amount is based on the lower of the purchase price or appraised value.
- Do you do business Loans?
No
- Do you finance Land Loans?
No
- Do you finance Construction Loans?
No
- Do you finance Churches?
No
- Do you finance farm/agricultural properties?
No
- Do you finance Gas Stations?
No
- I’m working with a borrower than can go full doc, can you do that?
Yes
- A bank just gave us a quote on a deal, can you beat that?
It depends on the deal. Please call.
- I’m working on a Hard to Finance Residential Property, can you help with that?
No. Seren Funding is a Commercial Lender.
www.serenfunding.com
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