Line of Credit Application
**Disclaimer: Alabama Homefinders Inc is a full service real estate brokerage.The Line of Credit Application is with ANDERS LENDING. Please call for further details.
* Minimum loan amount is $100,000. For loans under the minimum will incur an additional point.
* These points are based off of annual amount drawn on the Line of Credit. They reset each year regardless of LOC Term.
** LTCs are calculated by adding Purchase Price plus Rehab
** Loans are limited to 70% of ARV (After Repair Value). Exceptions by Lender approval only.
This is not an offer or commitment. Rates, terms and conditions may be changed without notice. These rates are based on qualification of project and borrower. Rates and terms may be adjusted if borrower or project does
not meet underwriting guidelines. *Up to 100% of ground up construction cost. *Limit of the loan to after-repair value in addition to loan amount released at closing to as-is cost. * Rate will adjust if extension is needed.