Residential Loan Provider - Arrow Financial

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Residential Property Loan

Residential Property Loan


Long-term protection of your Residential property and growth of your investment portfolio are vital for your success. Same is the case with business finance; both your home & investment loans require special understanding that only the experienced professionals have. Residential property loans are for individuals, couples, and families that are planning to buy or build a home. We help you in getting the flexibility of funding as a direct lender or utilizing relationships with other major lending institutions. When buying a new home, or making a long term investment in property, Arrow Financial can help you get the finance you require to maximize the cost effectiveness (saving you money) and ensure flexibility in the long-term (giving you options in the future). Moreover, adding a level of complexity and extra requirements to ensure you have the right financial structure in place for long-term growth.

Benefits of Residential Property Loan


  • Helps you buy your own home without much trouble
  • Quick and streamlined loan process
  • Enables you to benefit from long term capital grown
  • Lower documentation requirements
  • Flexible borrower income qualification
  • Empowers you to invest in any Residential Property
  • Low fees and construction loan rates

Our Residential Real Estate Group offers the following types of real estate loans:

Types of Residential Property Loans available:


  • Single Family Fix and Flip Loans
  • 2 - 4 Unit Fix and Flip Loans
  • Apartment Building Loans
  • Investment Property Renovation & Rehab Loans
  • Investment Property Refinance Loans
  • Real Estate Blanket Portfolio Loans

Loan Terms


Conventional Residential loan has a 30-year term. Residential home loans can be negotiated to 15-years or even a 40-year term. As regards to Appreciation, the market is very strong and lenders believe values will climb; even 50-year mortgages are offered. But, the standard is 30 years. As far as Residential mortgages, anything is negotiable.

Property Appraisal


When buying or refinancing a home, the lenders will be interested in an appraisal as they need an impartial & professional opinion on the value of the property in order to protect their equity in the property. If you’re thinking about selling your house, then you can opt for an appraisal to get an idea about the value of your estate before talking to a realtor or attempting a for-sale-by-owner. Appraisals also take place in cases like divorce, estate planning, and settlement.

Interest Rates


In addition to the two standard means of setting the cost of a mortgage loan (fixed at a set interest rate for the term, or variable relative to market interest rates), there are variations in how that cost is paid, and how the loan itself is repaid. Repayment depends on locality, tax laws, and prevailing culture. There are also various mortgage repayment structures to suit different types of borrowers.

Loan Fees


0.5% of the loan amount + applicable Service Tax & Surcharge

Amortization


Arrow Financial generally has the maximum term, that is, the number of years after which an amortizing loan will be repaid. Some mortgage loans may have no amortization, or require full repayment of any remaining balance at a certain date or even negative amortization.

Security


We require a perfected First Trust Deed on the property to be financed.

Penalties


A typical residential loan can be paid off at any time regardless of the payout term length, without any penalty. Many residential loans are refinanced when the interest rates drop so that they could be more affordable. Plus, in case there are pre-payment penalties, it would reduce the cost-efficiency of refinancing.

Others


We have a few other requirements:
The loans are contingent on Arrow Financial customary due diligence, underwriting, credit approval and documentation.
In addition, the borrower covers all out-of-pocket expenses, including documentation, environmental reports, environmental reports, appraisals, etc.

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