Read and learn more about what Fairmount Funding can offer you.
Each deal is underwritten and priced based on a large array of factors that make quoting a rate impossible to do without first taking the time to your understand your unique case. However, our rates are extremely fair and competitive, and we don’t charge you for upfront or junk fees!
We are typically able to close most deals in 30 days or less. This can also be expedited for a fee, usually making the time around 7-14 days. For 1-4 unit deals our average is around 3 weeks, and commercial deals usually 4-6 weeks.
Every property and case is different, but we won’t typically exceed 75% as a maximum, with some products having a lower max LTV.
There’s technically no max loan amount, but the bigger deals can sometimes be more challenging. Our current minimum is 75k for most products.
This depends on the loan program, but a 600 FICO is typically the lowest. However, we do have no FICO and bridge programs, where credit is not a factor. Call us for more info!
Fairmount does not have an owner-occupied loan program. We lend to experienced real estate investors for the purchase, improvement, refinance, and construction of non-owner occupied properties, including rentals.
Fairmount lends in all US states nationwide, with some exceptions.
Our team consists of the best trained professionals in the real estate business. Ready to go to work when you are.
