Knock Lending LLC

Basic information

QM program

N/A

Loss payee

N/A

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

N/A

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Our first-of-its-kind Bridge Loan comes with a purchase guarantee (Knock Purchase Offer). It “untethers” buyers from a current home and mortgage, but unlike the industry norm, our shared goal is to help get the highest price on the open market. 92% of our customers homes are on the market less than 90 days. The average sale to list price ratio over the last 3 years is >100%. By far, the majority of our customers sell their home to someone other than Knock.

Financials:

Max Bridge Loan $1,000,000 which can be used for:

- First lien payoff
- Down payment
- Closing costs
- Debt payoff

• No need to dip into savings or retirement for the new house.

- Up to $35,000 for home prep for non-structural renovations and maintenance to prepare the current home for listing.

• Including up to $5,000 to cover moving expenses.
• No need to put on a credit card or take out of savings.

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

2

Initial CD (days)

8

Reviews