Pacific Equity & Loan

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

Fix and Flip and New Construction at 5% down, Min. FICO: 550

Up to 95% LTC and up 75% LTARV (purchase + repairs)

Our new Premier Program offers rates as low as 9.75% with 0.75% origination fee for fix-and-flips and new construction projects.

Lender's overlays

Min. Loan Amount: $100K (purchase + construction costs)

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

4

Initial CD (days)

4

Reviews