Questions? We have answers.
1. What Services Does IHP Funding LLC Offer?
We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, Debt Stack Reports, and have high-equity off-market property leads available, so you are not competing with other investors in your area.
2. What are the benefits of private money lending?
Private money lending offers:
- Quicker access to capital
- Flexible loan terms
- No minimum credit score requirements
- The ability to secure financing for properties that may not meet traditional lending criteria
3. Are you a Lender or a Broker? Are there fees or commissions involved?
We are both a lender and a broker. If for any reason we can’t provide the funding you need, we have a large network of other lenders we work closely with, and we can broker the funds to you. Our goal is to provide multiple financing options to ensure you get the best rates and fastest closings.
If you need 100% financing, we also have split equity opportunities available, covering your purchase, rehab, and closing costs. Regardless of the loan type, there is always a 3% broker fee, which is standard in the industry.
4. How do you determine the loan amount?
Our funding is based on the asset under contract. Generally, we lend up to 90% of the purchase price and 100% of the rehab costs. Ask us how you can get up to 100% financing.
5. Can you provide 100% financing?
Yes! When joint venturing with us, we can provide up to 100% financing for your deal.
6. What Does True 100% Funding Mean?
We fund 100% of your purchase, rehab, and closing costs up to 70% of the After Repair Value (ARV) when a joint venture is established between IHP Funding LLC and the borrower.
7. How long does it take to close?
We typically close within 14 days after receiving all required documentation. However, collecting the necessary documents can take 3-4 weeks. The speed of closing depends on how quickly you and your team provide the required documents.
To avoid delays, we recommend planning for 30 days to close. If time is a factor, you likely have competition, and competition rarely results in the best deals. Bring your deal to us as soon as possible.
8. What is the FHA Cap?
The FHA Cap is the maximum loan amount allowed in the county where the investment property is located. To find the FHA Cap for your area, visit:
👉 FHA Mortgage Limits (hud.gov)
9. What is ARV (After-Repair Value)?
ARV stands for After-Repair Value. It is the estimated property value after all renovations and improvements have been completed.
10. What is Asset-Based Lending?
Asset-based lending is a financing option where the loan approval is primarily based on the value of the property rather than the borrower’s credit score. While creditworthiness is considered, the property’s value is the key factor in the loan decision.
11. What Are Your Loan Terms?
- Loan Amounts: $30,000 up to the FHA Cap in the property’s county.
- Interest Rates: Start at 7% annualized interest with 0-3% origination fees and no prepayment penalties. (Rates are based on credit score, but credit score does not determine loan approval.)
- Loan Term:
- Fix & Flip Loans: 6 months to 2 years
- Buy & Hold / Refinance Loans: 30 years
- Approval: One loan per applicant until a track record is established.
12. Do I need an appraisal? How much does it cost?
Yes, IHP Funding LLC requires an appraisal before closing.
Appraisal costs range from $400 to $700, depending on the property location.
13. Do I need a licensed contractor bid?
Yes, in most cases, we require an itemized bid from a licensed and insured contractor before processing the loan.
14. Is my information confidential?
âś… Absolutely! We take your privacy seriously. Any information you provide is completely confidential and protected.
If you’re looking for a reliable, reputable lender who treats you with professionalism and respect – you’ve come to the right place!