Step 1 – Do You Qualify for a Mañana Loan?

• The Property Must be Under Contract
• The Property Must be Classified as One to Four Family
• First Liens Only (No Second Liens)
• If you are applying under your personal name, you must own a primary residence or Texas homestead other than the Subject Property
• If you are applying under your business name, your company must be in Good Standing with the Texas Secretary of State and the Texas Comptroller

If you cannot meet all the criteria above, then Stop here.   If you meet all the criteria above, then Go to Step 2.

Step 2 – Personal Financial Requirements:

1. None, NA, nada
   
2. Income – Not Necessary
3. Credit Score – We don’t care!
4. You must have the ability to make monthly interest payments on the amount borrowed.
5. Have a Happy Day!
   

Step 3 – Provide the information requested below:

Mañana lends inside the Dallas – Fort Worth Metropolitan Area

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

Mañana lends inside the Austin Metropolitan Area which includes cities or towns such as Round Rock, Pflugerville, Georgetown, Cedar Park, Leander, Lakeway, Bee Cave, Westlake Hills, Rollingwood, Dripping Springs, Buda, Kyle, Bastrop, Manor and Hutto.

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

Mañana makes improved Single Family real estate loans for:

Purchases

Refinance

Cash Out

Loan Plans to Choose From:

2.9 points for a 7 month loan
5 points for a 12 month loan

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

Interest Rates

13% Annual Interest on all Loans

Payments

Monthly, Interest Only Payments are Required

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

Interest Rates

13% Annual Interest on all Loans

Payments

Monthly, Interest Only Payments are Required

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

Interest Rates

Our rates start at 11% annual interest. Monthly Interest Payments are Required.

Can’t Afford Monthly Interest Payments?

If you cannot afford to pay closing costs or monthly interest payments, ask about our Equity program.

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

The Only Fees Charged by Mañana on Any Loan are Loan Discount Points:

2.9% of the Total Loan Amount for a 7 Month Term (no rehab)

5.0% of the Total Loan Amount for a 12 Month Term (with or without rehab)

Other Loan Expenses Not Charged by Mañana:

1.  Title Insurance – Ask your title agent

2.  Other Closing Fees – Ask your title agent

3.  Survey – Usually around $400, but ask your surveyor

4.  Prorated Interest from the Date of Closing Through the End of the Month

5.  Prorated Property Taxes Through the Date of Closing – Ask your title agent

6.  Property Insurance – for full term of loan at closing.  Ask you insurance agent

7.  Loan Documents – Typically between $500 – $800 depending on the complexity of your transaction

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

LOAN TO COST

Mañana will lend up to 100% of the total cost (including Rehab) and sometimes more if the cost is supported by the market value. The loan amount can also be increased if the Borrower has additional collateral that can be pledged against the loan.

LOAN TO ARV (AFTER REPAIR VALUE)

Mañana typically lends up to 60% of ARV in San Antonio.

We make our own judgments of value and will be glad to let you know what we think. You will never pay for an appraisal when doing business with Mañana.

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs

Minimum Loan Amount for a 12 month loan is $100,000

Minimum Loan Amount for a 7 month loan is $175,000

Maximum Loan Amount is $1,000,000

LOAN PLANS	LOAN LIMITS	LOAN TO VALUE	LOAN RATES
ABOUT US	LENDING AREA	LOAN FEES	FAQs