Overview
Southern Mortgage Lenders, LLC understands real estate entrepreneurs because that’s our background. We don’t think like banks, we can see the potential, and help you get flexible and efficient capital for your real estate projects.
Short Term Rental Loan:
Whether you are purchasing or refinancing your investment property, take advantage of our flexible short-term rental programs.
UP TO:
- 6 – 24 Months.
- 100% CASH OUT AVAILABLE.
- Loan Amount: $500K up to $20M
Long Term Rental Loan:
Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD).
LTV:
- Purchase: 100% of the As-Is Value or Up to 100% Loan-to-Cost.
- Refinance: 100% % of the As-Is Value.
- Cash-Out: 100% % of the As-Is Value.
- Amortization Options: 30-Year Fixed & Interest-Only Options Available.
- Loan Amount: $350k – $20M.
- Debt Service Coverage Ratio (DSCR): 1.05.
- Minimum FICO: 620.
- Pre-Pay Penalty: N/A.
- In-house loan servicing & draws.
- Quick closing
Loan Programs
Get Funding
How It Works
Loan Process and Requirements
Step 1
Submit a Loan Request
It all starts here… complete our quick and easy online application, whether you have a deal that you need funded or need a pre-approval letter.
Step 2
Submit Supporting Documents
Provide the supporting required documents through our online portal, or email them to us, for our underwriting process. We will quickly turn around a commitment to you.
Step 3
Document Review
We will review the title commitment, appraisal, and all other documents so that your final loan documents can be produced.
Step 4
Closing
Once the closing has been executed, we will disburse the funds. Our average closing timeframe is 7 days
Join the satisfied customers who choose to work with Southern Mortgage Lenders, LLC.
At Southern Mortgage Lenders, LLC we are proud to fund commercial properties, multi-family residential, investment residential properties, fix and flip projects, land, and construction Nationwide
