Vision Mortgage Company

About Vision Mortgage Company

Vision Mortgage Company is a San Antonio, TX based private lender providing funding in San Antonio. They provide loans for a variety of situations, including short term loans, long term rental property loans, fix-and-flip loans, and private commercial loans. Their loan guidelines are flexible, including terms between 1 year and 5 years and rates ranging between 11.5% and 12.5%. They will make loans on many property types, including single family homes, multi-family, apartment buildings, office buildings, retail storefronts, and mixed use buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use

Areas Served: San Antonio

Licenses: Residential Mortgage Loan Originator NMLS ID# 340140, Company NMLS ID# 338634

Lending Guidelines for Vision Mortgage Company

Below are the general loan guidelines published on the Vision Mortgage Company website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Vision Mortgage Company.

Loan Example 1

Walter closes on a $160,000 renovation project in San Antonio, TX, using a fix-and-flip loan from Vision Mortgage Company. The terms of the deal include a 75% loan to value (LTV), so he must contribute 25% of the price as cash at closing, making the principle loan amount $120,000. The terms of the loan also stipulate a five percent origination fee which is to be paid at the closing and a 18 month, interest-only note with a 10% rate of interest.

The borrower must fund a total of $32,400 upon closing to cover the $40,000 down payment in addition to the $6,000 origination fee. he will then pay $1,000 per month to the lender. If Walter sells the house for $224,000 after 18 months, he would then make a gross profit of $40,000 after subtracting the principle amount of $120,000, the money contributed at the close of $40,000, the origination fee of $6,000, and the total interest payments of $18,000. This profit doesn't account for rehab costs.

Loan Example 2

Lonnie finds a duplex in San Antonio, TX to rehab and sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Vision Mortgage Company with the following parameters:

a) A $390,000 purchase price, b) a 85% loan-to-value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 3% origination fee.

Lonnie plans to list the house when the note expires for $526,500. If he achieves this goal, the outcome will be as follows:

$526,500 sales price
- $331,500 principle (85% LTV)
- $58,500 down payment (15% on 85% LTV)
- $9,945 origination points (3% of the $331,500 principle)
- $36,465 interest payments (12 months x 11% interest)
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= $90,090 total profit (doesn't include taxes or renovation costs)

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