Investor Loan Source
101 W. First Street, Suite C
El Campo, TX 77437
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About Investor Loan Source
Headquartered in El Campo, TX, Investor Loan Source is a private money lender providing loans in Texas. They provide fix-and-flip loans, refinancing, and loans for investments properties. Their lending parameters are versatile, including loans with a maximum LTV of 70%, rates starting at 12.99% , and terms up to 6 months. They do not require a minimum FICO score to receive a loan. They primarily make loans for single family residences.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Refinance / Cash Out Loans
Property Types Covered: Single Family
Areas Served: TX
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Lending Guidelines for Investor Loan Source
Below are the general loan guidelines published on the Investor Loan Source website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: N/A
Available Rates: 12.99% and up
Typical Terms: 6 months
Points Charged: 4%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: N/AFix and Flip Loans
Loan Amounts: N/A
Available Rates: 12.99% and up
Typical Terms: 6 months
Points Charged: 4%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: N/ARefinance / Cash Out Loans
Loan Amounts: N/A
Available Rates: 12.99% and up
Typical Terms: 6 months
Points Charged: 4%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Investor Loan Source.
Loan Example 1
Hugh closes on a $380,000 renovation project in Houston, TX, using a fix-and-flip loan from Investor Loan Source. The borrower will need to bring 35% of the sales price in cash to closing based on a 65% loan-to-value set by the lender. This makes the principle amount from Investor Loan Source $247,000. The interest rate on the loan is 8% for a length of 6 months and the lender requires a three point origination fee at the close. The interest payments are to be paid monthly and the principle amount will be returned after the sale of the property.
On top of the $7,410 origination fee, Hugh will also need to fund $133,000 of the purchase with his own money, or 35% of the sales price. he will then pay $1,647 per month to Investor Loan Source. If Hugh sells the house for $513,000 after 6 months, he would make a total profit of $115,710 after deducting the original principle of $247,000, the money contributed at the close of $133,000, the origination points of $7,410, and the total interest payments of $9,880. This gross profit does not include remodeling costs.
Loan Example 2
Investor Loan Source makes a fix and flip loan to Carmen for a rehab project in Houston, TX. The deal dictates the following:
$380,000 sales price
55% loan-to-value (LTV)
6 month term
9% rate of interest
3% origination feeCarmen plans to sell the project at the end of the term for $475,000. If she accomplishes her goal, the deal numbers will be the following:
$475,000 sales price
- $209,000 note principle (55% LTV)
- $171,000 cash paid at closing (45% on 55% LTV)
- $6,270 origination points (3% of the $209,000 principle amount)
- $9,405 interest payments (6 months x 9% interest)
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= $79,325 total profit (doesn't include taxes or rehab costs) -
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