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What are the requirements for financing?

Our underwriting guidelines require all investors to meet a minimum credit score of 620.

Is earnest money required?

Yes. We require earnest money anytime a purchase agreement is executed and before scheduling a closing date. The minimum earnest money required is $2,500 at binding and shall be held in escrow with the closing attorney listed on the purchase agreement.

How soon can I close?

Closings are normally scheduled 7 - 10 days from binding. Additional documentation will be provided to preprare for closing. Down payment and acquisition expenses (cash to close) should be dispersed directly from investor bank account to the closing attorney escrow account prior to the closing date.

Can I invest from out of state?

Yes, mail away closing are available for distant or out of state investors.

What participation is required from investors?

Investors may be required to make and/or receive phone calls while undergoing the application process. We also required to investor to advance a minimum via a draw request and then recycled back into the project and repeated until construction is completed.