FAQ

Questions? We have answers.

Are you a Lender or a Broker and are there fees or commissions involved?

We are a lender and a broker. If for any reason we can’t provide the funding you need, then we have a large network of other lenders we work closely with and we can broker the funds to you. We like providing options to the investors we work with. So they can have the best rates and the quickest closings available to them. If your in need of a 100% funding we also have split equity opportunities available to provide you up to a 100% funding for your purchase, rehab and closing costs. Regardless of the loan type there is always a 3% Broker fee, which is standard in the industry.

What types of Loans do you offer?

We offer loans for non owner occupied real estate investments. Whether your in need of funding for a 6 month to 2 year fix and flip or a loan for a 30 year rental or even if you need to do a cash-out refi loan, we have options available to fill all your funding needs.

What Are the Loan Terms?

1. Max Loan Amount: Just Bring Us Your Deal!  

We like to stay under the FHA Cap in the county the property is located in, but there is no official cap for the loan amount if the numbers make sense. we will help you get approved.

Minimum Loan Amount: $30,000 up to the FHA CAP in the county the property is located in.

PROPERTY TYPES: Non Owner Occupied, SFR (1-4) units for Fix and Flip loans and Non-Owner Occupied, SFR, 2-4 units, Condos, PUDs, Townhomes for Buy and Hold loans.

LOAN PURPOSE: Acquisition, Cash-Out, Refinance, Rehab for Fix and Flip Loans and Investment Rental Property for Buy and Hold Loans.

LOAN AMOUNT: $30,000 up to FHA Cap

TERM: 6 – 24 Months for a fix and Flip and 30 years for a Buy and Hold or Refi.

INTEREST RATE: Starting at 8.99% for Fix and Flip and starting at 6% for Buy and Hold Loans.

  (Rates are based on credit score but credit score does NOT determine loan approval.)

ORIGINATION POINTS: Starting at 1% for fix and flip and 1,99% for Buy and Hold.

LOAN PARAMETERS (PURCHASE): 90% Purchase; 100% Rehab not to Exceed 65% LTV

LOAN PARAMETERS (REFINANCE): 65% of ARV, Cash out Refi 50% LTV

EVALUATION: Options: Appraisal or Renovation Report

MINIMUM CREDIT SCORE: No Minimum Credit Score

EXCLUDED STATES: MN, NV, SD, UT, VT

(One loan approved per applicant until proven track record)

What Does FHA Cap Mean?

The FHA Cap represents the maximum loan amount in the county the investment property is located in. To find the FHA Cap in the county where the investment property is located click on the link below:

FHA Mortgage Limits (hud.gov)

What Does True 100% Funding Mean?

We will lend up to 100% towards your purchase, rehab, and closing costs when a joint venture is established between Walker Capital Funding and the borrower… up to 70% of the ARV. The only out-of-pocket costs will be the application fee, the appraisal and the first draw which will be reimbursed.