Experience Minimum

Ineligible Project Scope

Loan Amount

Eligible Properties

Ineligible Properties

Borrower Type

LTV Maximum ARV

Minimum FICO

• Single Family Residences, attached or detached (inc. Condo/PUD)

• 2-4 Units

• Warrantable Condo

• Non-Warrantable Condos (5% LTV reduction from max. See full matrix for property eligilbity)

Rural (case by case), Multifamily, Mixed-Use, Manufactured, Condotels, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines

660 (see full matrix for details)

2+ experience required in last three years

 Purchase and Delayed Financing (purchased with cash in the last 180 days)

Non-Structural Improvements

75% (90% LTC limited to 70% LTV)

LTC Maximum

Loan Purpose

Project Scope

90%

$100,000 Maximum

0-1 Experience Borrowers

Maximum budget of $100k or 50% of acquisition, whichever is less. Properties in declining markets, 2-4 unit properties, and loans over $1M are ineligible.

• New or Mid-Construction

• Structural Renovations

• Properties not structurally sound

• Removal of exterior walls (including the roof structure)

• Removal of interior load bearing walls

• Adding additional story, detached ADU or additional units

• Adding/Subtracting square feet

• Conversions

• Properties with Extensive Damage (Fire or Water)

• Full Gut Rehab (Down to the Studs)

• Budgets with Significant:

• Demo
• Framing
• Mechanical
• Rough Plumbing
• Rough Electrical

Entity or Individual (see full matrix for details)

Term Options

12 months (18 months available at Truly discretion)

Amortization

Prepayment Penalty

Experience Minimum

Ineligible Project Scope

Loan Amount



Borrower Type

Ineligible Properties

LTV Maximum ARV

Minimum FICO

• Single Family Residences, attached or detached (inc. Condo/PUD)

• 2-4 Units

• Warrantable Condo

• Non-Warrantable Condos (5% LTV reduction from max. See guidelines for

property eligilbity)

Entity or Individual (see full matrix for details)

LTC Maximum

Loan Purpose

Project Scope

2+ investment properties rehabbed or constructed and sold or stabilized in the last 3 years. Loans >$1M required experience with similar sized projects

Term Options

Amortization

Prepayment Penalty

12 months (18 months available for 2-4 unit projects at Truly discretion)

• Any Structural Work

• Full Gut Rehab (down to the studs)

• Budgets with Significant:

• Demo
• Framing
• Mechanical
• Rough Plumbing
• Rough Electrical
  

Eligible Properties

New or Mid-Construction; Conversions; Mid-Rehab Refinance paying off a loan; Properties with Extensive Damage (Fire or Water)

75% (Multi-Family 70%)

660

1-4 Unit: $100,000 Multi-Family: $500,000

Purchase, limited cash-out (includes delayed financing), or cash-out

Rural, Multifamily, Mixed-Use, Manufactured, Condotels, Farms, Storage

Facilities, Commercial Properties, Land, among others as indicated in guidelines

85%

Experience Minimum

Maximum Loan Amount

Minimum Loan Amount

Eligible Properties

Ineligible Properties

Borrower Type

LTV Maximum ARV

Minimum FICO

660

2+ investment properties in last 3 years

LTC Maximum

Loan Purpose

$100,000

Residential, Non-owner occupied, business purpose only. Single Family Residences (inc. PUD) 2-4 Units Multi-Family (cash flow requirements apply, see guidelines; 2+ experience required. If 5+ experience, then no unit limit.)

85% (Multi-Family 70%)

75% (Multi-Family 70%)

Purchase, limited cash-out (includes delayed financing), or cash-out

Entity or Individual (see full matrix for details)

$3,000,000

Term Options

Amortization

Prepayment Penalty