Lendio Mortgage LLC

Lendio Mortgage LLC

Maximum Leverage

Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term (DSCR)
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Loan Programs
Property Types and Loan Types
Junior Liens
Junior Lien Loan Amounts
Junior Lien Interest Rates
Origination Fees
Junior Lien Loan-to-Value
We Fund Junior Position Loans
Land Loan
Max LTV for Land
Max LTC for Land Acquisition
Purchase Loan
Max Loan-to-Purchase Price
Borrower Must Have Property Under Contract
Will Provide Proof of Funds Letter
Will Consider Lending on Purchase from Auction
Rehab Value Add Loan
Experience Required
Minimum Number of Value-Add Projects Completed by Borrower
Will Consider Lending on Purchase from Auction
Max LTC for Renovation Costs
Interest Charged for Renovation Costs
Typical Number of Days for Funds Draw
Construction Loan
Development Experience Required
Minimum Number of Ground-Up Construction Projects Completed by Borrower
Max LTC for Ground-Up Construction Costs
Interest Charged for Construction Costs
Will Lend on Partially Completed Construction Projects
Residential Long-Term DSCR Loans (1-4 Units)
Minimum Loan Amount
Maximum Loan Amount
Minimum Interest Rate
Maximum Interest Rate
Minimum Origination Fee
Maximum Origination Fee
Minimum Loan Term
Maximum Loan Term
Minimum Loan-To-Value
Maximum Loan-To-Value
Minimum Property Value
Seasoning Time
Minimum Debt Service Coverage Ratio
Minimum Credit Score
Will lend on vacation homes and short-term rentals
Will Lend on a Portfolio of Properties

Details and Requirements

Maximum Units for Multifamily Properties
Pre Payment Penalty
Deposit Required
Will lend to a foreign national
Will Consider Equity Joint Venture
Personal Guaranty (Recourse) Required
About

Our goal is to transform lives through homeownership. We’re honored to partner with Rausch Coleman Homes in creating remarkable homebuying experiences.

ABOUT LENDLO MORTGAGE

Lendlo Mortgage is a direct lender founded on the uncompromising principles of honesty and integrity. We put clients first and use our core values to guide every decision we make. Our longstanding success is attributed to our industry knowledge, innovative technology systems, and responsible approach to lending.

We strive to be a company that defines outstanding customer service. To meet the needs of all our clients, we offer a comprehensive range of industry-leading mortgage products and services. With in-house processing, underwriting, and funding, Lendlo seeks to consistently exceeds our clients’ expectations and strives to meet the agreed-upon closing date.

ABOUT RAUSCH COLEMAN HOMES

Rausch Coleman Homes is more than a homebuilder. Our journey from good to great is guided by a commitment to efficiency, innovation, and collaboration to become a top leader in the homebuying industry. Our motto is “Betters Homes, Better Lives.”

Rausch Coleman has a strong and impressive foundation of building quality homes that you can afford. In all aspects of homebuilding, we honor God through our commitment to integrity and excellence. We place the highest value on the customer by exceeding expectations. We are committed to our team’s professional development while we focus on building quality, affordable homes and while we hold ourselves accountable to that goal.

Our licensed Loan Officers are honored to be your guide so that you can become a home owner. Let us know how we can help you get started!

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