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 makes improved Single Family real estate loans for:

Purchases

Refinance

Cash Out

New Construction

Loan Plans to Choose From:

Mañana will structure the rate, points and term to fit your project.  If you need better cash flow – where you pay no 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

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

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

1.45% of the Total Loan Amount for a 7 Month Term (no rehab)

2.5% of the Total Loan Amount for a 12 Month Term (with rehab or new construction)

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.  Brokerage Fees – to the loan broker is usually 1.45% to 2.5%

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

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

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

8.  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

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 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 50% of ARV in the Dallas – Fort Worth area.

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

Loan to Cost

Mañana will lend up to 100% of the total cost (including rehab or new construction) and sometimes more if the cost is supported by the completed 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 65% of ARV in Austin.  Higher amounts can be achieved under our Equity program.

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

Mañana Funding, LLC (“Mañana”) makes short term hard money loans (bridge loans) for the purchase, refinance, rehab or construction of improved single family properties. Unlike the practices of its competitors, Mañana is the only hard money lender in Texas which publishes its rates, fees and terms front and center on its website, for the prospective customer to plainly see.  As competitor websites tend to hide the very information you are looking for, our goal is to answer all your questions the first glance you ever make at us.  When you call Mañana, you will speak with a real person who knows your business. We can usually qualify your property over the phone in a matter of hours rather than weeks.

In addition to our practice of transparency and quick response, Mañana lends on the completed value of your property and does not concern itself with your personal finances or credit.  What a refreshing way to do business!

Mañana makes improved Single Family residential 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