• *Interest Rates starting at 10.99% (interest-only payments)
• **As low as 1.99% origination (depends on deal and location)
• Appraisal Fee: $600 on average (varies by market and turnaround time needed)
• Document Review Fee: $600.00
• Processing Fee: $650
• Credit Review Fee: $120
• Flood Certificate Fee: $15

* 10.99% interest is reserved for our Longhorn Loyalty Program for borrowers who have successfully paid off three deals with Longhorn Investments and are in good standing.

** 1.99% is reserved for our Longhorn Loyalty Program, which is for borrowers who have successfully paid off three deals with Longhorn Investments and are in good standing.

• A mortgagee’s title policy is required.
• An insurance policy is required on all loans for the loan term.
• Up to 75% of the After Repaired Value in Rental properties (excluding points and fees), not to exceed 100% of cost *Proof of Refinance Required
• Up to 70% of the After Repaired Value on Flips (excluding points & fees), not to exceed 100% of the cost.
• 9-month term
• 3-month optional extension (extension fees may apply)

• Minimum Median Credit Score of 600
• Minimum of $15,000 or more in a Checking, Savings, IRA and/or 401(k) account
• No Recent Bankruptcy or Foreclosures (subject to review by Longhorn)

• First Liens Only
• Single-family, 2-4 unit, townhomes (no condominiums or manufactured homes).
• Our loans are made on the After-Repaired Value (ARV)
• Appraisals must be ordered by Longhorn and performed by a third-party appraiser.
• Properties should be located in or around suburban and/or major metropolitan areas: Dallas, Fort Worth, Houston, Austin, San Antonio, El Paso, St. Louis, Kansas City, Indianapolis, Charlotte, Greensboro/Winston-Salem, Raleigh/Durham, Nashville, Chattanooga, Knoxville, Huntsville, and Birmingham etc…
• Longhorn reserves the right to adjust advance rate requirements as deemed necessary.

• All appraisals will be based on After-Repaired Value (ARV)
• Appraisals will only be ordered by Longhorn Investments

Borrower MUST provide a minimum 9-month insurance policy to be paid in full at closing. Borrower's insurance agent should provide a certificate of insurance or evidence of insurance, including invoice, to our processing department prior to closing.

• Insurance premiums are to be paid in full at closing. NO EXCEPTIONS.
• Dwelling only coverage must include vacancy and vandalism riders. A builder's risk policy is preferred for rehabs over $20,000.
• If a borrower has a blanket policy, the insurance agent must provide proof of insurance showing the addition of the new property and showing proof of in-force blanket policy.
• Replacement cost coverage is required.
• The lender must be named as loss payee and additional insured.

Order your insurance early! Delay in providing insurance coverage can delay the closing of your loan!