Learn

Learn about key aspects of our programs here.

For more information, visit our FAQ page or search by topic in the search bar below.

 
 
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1-YEAR REHAB LOANS

Have you found the perfect fixer upper and know just how to make it a neighborhood gem? We've got you covered with our 1-year interest only loan product. We'll even cover rehab costs.


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30-YEAR RENTAL LOANS

Looking to hold property and rent it out? We offer 30-year fixed rate amortized loans with no pre-payment penalties after the third year. ^


Application Process

Our process has four simple steps.

 

SUBMIT APPLICATION

Submit a loan application using a webform on our website.

www.lendency.com/apply

Within one business day, you will be notified via email whether your loan was approved or denied for
underwriting. If approved, you will be instructed to submit the required documents.


AUTHORIZE CREDIT REPORT

Authorize us to order a credit report.

www.lendency.com/authorize

PAY valuation FEE

Pay the valuation fee using your debit or credit card.

www.lendency.com/pay


Submit Required Documents

Submit the required documents using a webform on our website.

www.lendency.com/docs

  • Rehab Scope of Work (find template here)

  • Purchase Contract (for purchases)

  • HUD from Purchase (for refinances)

  • Operating Agreement for Entity

  • Articles of Organization/Incorporation for Entity

  • Certificate of Good Standing for Entity

  • Government Issued Photo ID for Signatory/Guarantor

  • Bank Statement(s) Showing Funds to Close plus 3 Months Interest

  • Guidelines Acknowledgement (find form here)

  • Schedule of Real Estate Experience (find template here)

  • Lease Agreements (for 30 year rental loans)

  • Homeowners Insurance Policy

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Once we receive all of the required documents, including valuations and title, we underwrite the loan, communicate term updates (if any), then set a closing date.