Texas Hard Money Loan Programs

1-4 Family Residential Property Loan
Residential Interest Rate:  15%                                                  ARV:  Up to 70%
Prepayment Penalty:   None                                                      Origination Fees:    3%-4%

Multi-Family or Commercial Property Loan
Commercial Interest Rate  :  16%                                               ARV:  Up to 70%
Prepayment Penalty:   None                                                      Origination Fees:    5%

New Construction, Raw Land or Development Loans
Call for Terms

 Borrowers must have a 620 or Higher Mid-Score. 0 Late Pays last 12 mo. DHLC will pull credit.

Standard Loan Term:	Loan Amounts**:
6 Mo. Term. 3 Mo ext. avail for borrowers in	Minimum: $50,000.00	Maximum: $270,000.00
"Good Standing". 1.5 Orig Points. Rate goes to 18%

All borrowers MUST enroll in auto-drafting for payments.

Risk Based
Loan is based upon the risk of the deal. Borrower's Credit, Liquid assets and experince are all considered.

Credit Reports
Payment History & Credit Scores are considered for all Hard Money Loans regardless of amount. DHLC will pull credit for all new borrowers.

Appraisal and Inspection
DHLC will order Appraisal and Inspection Vendors paid at time of service by borrower

Minimum ARV:	Minimum Loan Amount:
$100,000.00	$50,000.00

Initial Inspection Fee:	Draw Inspection Fee:
$170.00	$100.00

Loan To Value
Up to 70% at lenders discretion subject to: Risk, Property condition, Inspection and Appraisal

Escrows/Impounds
6 mo. Hazard/Builders Risk Insurace required. All insurance MUST have a Theft Rider

Property Taxes
All loans will have Seller Property Tax Credits held in Escrow by Lender. A Pro-rated amount will be added to monthly payment.

Doc Prep Fee
$450.00 Payable at Loan Commitment

Appraisal Fee
$350.00 - Includes both an “As Is” and “As Repaired Value “

Revised and Effective as of 3-1-2010
Rates & terms are subject to change without notice