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 Houston 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

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

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

Click on any of the buttons below for more information

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

Click on any of the buttons below for more information

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

Click on any of the buttons below for more information

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

• Purchase or Refinance Improved Single Family Property - Choose Either 13% Interest, 3 Points, 8 Month Term or 5 Points, 13% Interest, 12 Month Term
• Purchase or Refinance with Rehab – 13% Interest, 5 Points, 12 Month Term

• Up to 100% of Cost, including rehab, if applicable
• No Mortgage Broker Fees
• No Appraisal Fees
• No Application Fees
• No Credit Checks
• No Financial Documentation
• No Inspection Fees
• No Hidden Fees
• Closings within 48-72 Business Hours after Receipt of a Clear Title Commitment & Survey

BEFORE YOU CALL

• The Property Must be Located in the Austin Area
• The Property Must be Under Contract
• The Property Must be Classified as Improved Single Family
• First Liens Only (no second liens)
• No Owner Occupants Unless Borrower is a Business or Partnership in Good Standing with the State of Texas
• Surveys are Required (Existing Surveys May be Acceptable)