Borrower Frequently Asked Questions
What LTV ratio does Anchor Loans offer?
Loans generally do not exceed a 65% loan-to-value ratio of the property to be acquired.
This amount can include the purchase price, property rehabilitation costs, and closing costs.
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What interest rate do you offer?
Interest rates generally fall between 11.0% -13.0%
depending upon the type of property and the borrower.
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How long does it take to receive funding?
Though Anchor Loans can review and approve qualified loans in as little as two days for rush deals, most deals take approximately five days. Loans can also be funded in as quickly as two days, but the normal expected funding time is one to two weeks.
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What kind of properties does Anchor fund?
Anchor Loans can fund all types of non-owner occupied properties that meet our
qualifications. This includes single family residences, duplexes, triplexes, quadraplexes, apartments and other commercial properties. Anchor Loans does not fund owner-occupied properties.
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How do I apply?
Our online application is available 24-hours by clicking on the link in the left hand column. You are also welcome to call (310) 395-0010 to schedule an appointment to speak with an Account Executive.
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How is Anchor Loans licensed?
Anchor Loans, Inc. is a licensed California real estate broker and California Finance Lender. Loans will be made or arranged pursuant to one of these
lending licenses or the California finance lenders licenses held by Anchor’s affiliate mortgage funds, Anchor Fund, LLC and Access Investment, LLC.
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