Here at FundingPilot we offer a unique solution for real estate buyers seeking financing without the hassle and uncertainty of traditional lending. The real estate Down Payment Financing Assistance Program is specifically designed for real estate buyers who are seeking to finance the down payment, closing costs, appraisal, renovations, and just about any other fee incurred when purchasing a property. This program offers a hassle-free experience to access credit without having to worry about the time, costs, and documentation requirements often associated when getting a mortgage, loan, or home equity line of credit.

 

The true beauty of this program is that there's no income verification, no financial documentation, and is 100% unsecured which means there is no collateral requirement and is not tied to the property. Also, since these credit lines do not report to your personal credit report it will not affect future financing transactions, such as getting a mortgage.

 

Because of this flexibility it comes as no surprise that our most popular clients include real estate investors of all sizes. Whether seeking to fix and flip, or fix and hold, this program allows investors to have open credit lines to make repairs or improvements not only for current projects, but future projects as well. To apply please complete the Down Payment Financing Pre-Approval Form or email us directly at support@fundingpilot.com or by calling us directly at 888-860-2844.

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Whether you were turned down in the past due to the property type being ineligible, LTV was too high, DTI / DSCR was too high, or qualifying income was too low, the Stated-Income Business Line of Credit bypasses all of those major obstacles and lets you stay on track to accomplish your fix & flip goals.

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As always, it's important to first know whether the basic lending criteria matches your scenario. Please refer below for an overview of the Real Estate Investor Business Line of Credit:

 

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REAL ESTATE INVESTOR LINES OF CREDIT:

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• Credit Lines: $10,000 - $250,000

• 0% interest for first 6 – 24 months (terms & conditions apply)

• After introductory period ends, rates start as low as 6.99%

• If you have a 680+ FICO, no co-signer is required

• If your credit score is between 400 – 679 FICO, a co-signer will be required and must have a 680+ FICO. The co-signer does not need to be affiliated to the business.

• Upfront Fees: None

• No income verification

• No financial documentation required

• No collateral required, this is an unsecured program

• All type of real estate investors are eligible

• Business must be active for a minimum of 1 day

• Must have a legal US entity with Tax ID (LLC, Corporation, Partnerships, etc.)