Frequently Asked Questions - Loans
What LTV ratio does Anchor Loans offer?
Anchor's loans generally do not exceed 65% loan to value of the property to be acquired.
This amount can include the purchase price, cost to rehab the
property and closing costs.
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What interest rate do you offer?
Anchor Loans offers interest rates are generally between 11.0% -13.0%,
depending upon the type of property and borrower.
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How long does it take to receive funding?
Anchor Loans can review and approve qualified loans in as little as 2 days for rush deals. Typical deals may take a few more days. Loans can be funded in as little as 2 days; but typically 7-14 days is a normal funding time.
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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 a day at www.anchorloans.com. Or you can call (310) 395-0010 to schedule an appointment to talk to an Account Executive.
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