Brokers / Loan Originators

Loan to Value: 65% maximum (on the lesser of the purchase price or appraised value)

Pre-Payment Penalty: None

Loan Limits: $100,000 to $2,500,000

Interest Rate and Points: Vary between 8% to 12% with 2%- 4% lender originator points 

Mortgage Lien Position: First Lien Only, we do not provide second mortgages.

STEP #1: Submit a fully completed loan application signed by all parties. Missing information on the application form will delay the review process. In addition, submit a fully executed sales contract (if applicable). 

STEP #2: Submit documentation (property tax card, water bill, etc.) that shows the investor buyer/borrower currently has a primary homestead property. We do not lend on primary properties. We only lend on Investment properties. Prior to closing the buyer/borrower will have to execute a Non-Homestead Affidavit that indicates the subject property loan will not become the primary dwelling of the buyer/borrower. If a current buyer is in foreclosure on his/her primary property we will not provide financing to purchase another property.  

STEP #3: CDC Financial Corp will review the above information and contact you within 24 hours. If acceptable, we will require a non-refundable fee (varies $150-$250) to inspect the subject property. 

 

NATIONWIDE MORTGAGE LICENSING SYSTEM / LICENSE NUMBERS 

         CDC Financial Corp. : NMLS 381082

         Chris Cory : NMLS 368933