Basic Investor Loan
Our basic investor loan has been found to fit the needs of most investors:
- No loan-to-value ratio. BFA will fund up to 100% of your purchase price.
- Low fees. One and a half points plus $500.00 charged at closing.
- No appraisal, survey, termite inspection, or junk fees.
- No prepayment penalty.
- Interest only payments at 16%.
- Short term. Thirteen month balloon.
Note: To calculate your monthly payment, multiply your principal loan amount by 1.333%. Example: if your loan is $100,000, your payment would be $1,333.33 per month. Your per diem interest is 0.04444% per day.
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