Questions? We have answers.
1. What Services Does Hunt REI Funding, LLC Offer?
We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, Debt Stack Reports, and high-equity off-market property leads, so you are not competing with other investors in your area.
2. What are the benefits of private money lending?
Benefits include quicker access to capital, flexibility in loan terms, no minimum credit score requirements, and the ability to secure financing for properties that may not meet traditional lending criteria.
3. Are you a Lender or a Broker, and are there fees or commissions involved?
We are both a lender and a broker. If we can’t provide the funding you need, we have a large network of lenders we work with to broker funds for you. We provide options so you can get the best rates and fastest closings available. If you need 100% funding, we offer split equity opportunities to cover your purchase, rehab, and closing costs. Regardless of the loan type, there is a standard 3% broker fee.
4. How do you decide the amount to lend?
We base it on the asset you have under contract. Generally, we lend up to 90% of the purchase price and 100% of the rehab cost. Ask us how you can get up to 100% financing.
5. I need 100% financing. Can you do that?
Yes, we can provide up to 100% financing when joint venturing with us.
6. What Does True 100% Funding Mean?
We will lend up to 100% toward your purchase, rehab, and closing costs—up to 70% of the ARV—when a joint venture is established between Hunt REI Funding, LLC and the borrower.
7. How long does it take to close a transaction from start to finish?
Typically, about 14 days after we receive all required documentation. However, gathering documentation can take three to four weeks, depending on how quickly you submit everything. We recommend allowing 30 days when possible.
8. What Does FHA Cap Mean?
The FHA Cap represents the maximum loan amount in the county where the investment property is located. You can check the FHA Cap in your area here: FHA Mortgage Limits (hud.gov)
9. What Does ARV Mean?
ARV stands for After-Repair Value, the estimated value of a property after renovations are completed.
10. What Does Asset-Based Lending Mean?
Asset-based lending is when the loan decision is based primarily on the value of the property rather than the borrower’s creditworthiness. While ability to repay is considered, approval and loan-to-value are based on the asset itself.
11. What are your Loan Terms?
- Hunt REI Funding, LLC offers lending from $30,000 up to the FHA Cap in the county where the property is located. Additional funding solutions are available based on the property and loan type.
- Rates start at 7% annualized interest with an origination fee from 0-3%, and no prepayment penalties. (Rates are based on credit score, but credit score does NOT determine loan approval.)
- Loan Terms: 6 months to 2 years for Fix & Flip loans; 30 years for Buy & Hold or Refinance loans.
- One loan approved per applicant until a proven track record is established.
12. Do I need an appraisal, and how much does it cost?
Yes, Hunt REI Funding, LLC requires an appraisal before closing. Costs range from $400 to $700, depending on the property location.
13. Is a Licensed & Bonded Contractor bid required?
In most cases, we require a licensed and insured itemized contractor bid before processing the loan.
14. Is my information kept confidential?
ABSOLUTELY 100%! Your privacy is our top priority. All information you provide is completely confidential. If you want to work with a reliable, reputable company that values professionalism, integrity, and respect—YOU HAVE COME TO THE RIGHT PLACE!
Still have questions? Contact us today!