Read and learn more about what Fairmount Funding can offer you.
Our risk-adjusted interest rates can range between 9% and 12%. Points range from 0.5% to 3%.
From the initial application, the typical funding time is 7-14 days. With a pre-approved customer, rush orders can be approved and funded as quickly as two days.
Our loans generally do not exceed 70% ARV (After Repaired Value). This amount can include purchase price, rehab costs and closing costs.
We can fund anything up to 10 million, and our minimum loan amount for a fix and flip is $50k.
The preferred minimum credit score is 650, but it can be lower on a case-by-case basis.
Fairmount does not have an owner-occupied loan program. We lend to experienced real estate investors for the purchase, improvement and construction of non-owner occupied properties, including rentals.
Fairmount lends in all US states, nationwide.
Our team consists of the best trained professionals in the real estate business. Ready to go to work when you are.
