KDB Funding Loan Application

Loan Application

Do you have property under contract?

Yes

Estimated Credit Score

Please enter the Estimated credit score

Number of successful home flips

Please enter the number of successful home filps

I certify that all information is correct and complete to the best of my knowledge and that I am the person submitting the loan and am of sound mind and capability.

No appraisal
No credit check
Last 3 months bank statements required
Insurance binder required to close

2-3pts
12-15% interest only
70-80% LTV
We perform our own opinion of value. This is the value used to determine ARV/LTV
6mo term, with optional extension. No prepayment penalty
All Pts & fees to be collected at closing and all wires sent to title company. We will never ask anyone to wire anything directly to them