These are the baseline terms we lend against. Every file is underwritten on its own merits, but this is what most borrowers should expect going in.
First Trust Deeds
1st lien position
9% – 15%interest rate
30-year fixed amortization
—Purchase, rate-and-term, and cash-out refinance
—Single family, 2-4 unit, and condo properties
—Owner-occupied and non-owner-occupied
Second Trust Deeds
2nd lien position
10% – 15%interest rate
15-year fixed amortization
—Behind an existing first mortgage
—Combined loan-to-value evaluated against both liens
—Ideal for borrowers preserving a low first-lien rate
2 business days
Response time
65%
Recommended max CLTV
Collected upfront
Appraisal
9% – 15%
Rate range
Fees
Lender underwriting fee$995
Processing fee$895
Appraisal fees are collected upfront and vary by property; third-party costs such as title, escrow, and recording are separate and disclosed before closing.
Eligibility
Property types
SFR, 2-4 unit, condo, small mixed-use
Borrowing entity
Individuals, LLCs, corporations, and trusts
Lien position
First and second, evaluated on combined CLTV
Documentation
Income-light; underwritten primarily on the asset
What happens after you apply
1
Submit your request
Tell us about the property and the loan you need.
2
Underwriting review
We review the file and confirm terms against these guidelines.
3
Appraisal ordered
The appraisal fee is collected upfront and ordered right away.
4
Term sheet issued
You get clear terms in writing — typically within 2 business days.
5
Funding
Once terms are signed, we move straight to closing.
