Loan Programs

Our Loan Programs

One of these eMortgageAZ loans is the perfect loan for you —

20-year fully amortized 70% LTV loan:

  • Payments similar to a car loan
  • 12.99% – cost: greater of $4,000 or 8 points + $1,920 admin fees
  • 14.99% – cost: greater of $3,000 or 6 points + $1,920 admin fees
  • No pre-payment penalty

20-year fully amortized 80% LTV loan:

  • Payments similar to a car loan
  • 13.99% – cost: greater of $4,000 or 8 points + $1,920 admin fees
  • 15.99% – cost: greater of $3,000 or 6 points + $1,920 admin fees
  • No pre-payment penalty
  • Investor 30-year amortization 70% LTV loan:

    • Seven-year balloon payment
    • 12.99% – cost: greater of $4,000 or 8 points + $1,920 admin fees
    • 14.99% – cost: greater of $3,000 or 6 points + $1,920 admin fees
    • No pre-payment penalty

    Investor one-year 70% LTV loan:

  • Monthly interest-only payments
  • 16.99% and 0 points + $1,920 admin fees
  • Four-month interest minimum
  • No pre-payment penalty
  • Want to know if you qualify? Complete the loan application on our site. We’ll call you in one to two days.

    What should you expect from us? We’re open about everything, so there are no surprises:

    No Pre-Payment Penalty

    That means no paying hidden fees for just trying to pay your loan off earlier than expected.

    purchase, Meaning:

  • A down payment of 30% or as low as 20%
  • Up to 70% of appraised value
  • Up to 100% financing with cross-collateralization (a second free and clear property as additional collateral)
  • Refinance, Meaning:

  • Up to 70% of appraised value
  • Up to 100% financing with cross- collateralization (a second free and clear property as additional collateral)
  • Costs:

    eMortgage Inc. administrative fees (totalling $1920 plus points)

    • These administrative fees include loan document preparation, underwriting, loan processing, lender inspection and an application fee. They do not include title fees, appraisal or pre-paids.
    • You’ll have to set aside money for third-party fees, about $3500 on average. These fees include title fees, escrow fees, pre-paids for the first year of home insurance, prorated interest, appraisal and other typical closing costs. This is in addition to your initial impound account servicing set-up fee and your first deposit to your impound account for taxes and insurance. View our FAQ page for an estimated breakdown of these fees.

    An Impound Account Is Necessary

    No matter the title company you choose for your closing, we set up repayment with Grand Canyon Title Agency Account Servicing. They’ll set up an impound account for your property taxes and insurance. Your monthly payments amount to one-twelfth of your annual taxes and insurance plus a $30 account servicing fee.

    For Investors — Regarding 401(k) and IRA Purchases

    • Tax deferred and/or tax-free profits
    • Use your IRA or 401(k) funds for a down payment, and we’ll finance the balance.
    • If you make 25 percent or more return on your down payment, you’ll enjoy tax free or tax deferred profits. Consult your tax advisor for more information. For example:
    • You purchase a property for $100,000 and put down a $30,000 down payment.
    • Eventually, you resell the property for $130,000. This means you made a $30,000 profit on the $30,000 down payment.
    • The $30,000 profit is tax deferred. If you deposit it in your IRA or 401(k), it’ll be tax free.

    Loan Program That Includes Renovations

    We love when investors and owner-occupants take a diamond-in-the-rough property and make it shine. We’ll finance up to 70 percent of the total purchase price and estimated renovation costs, which you can roll into your loan — any of the hard money–lender programs listed above. We’ll release up to 70 percent of the purchase price at the close of escrow and the agreed-upon financed renovation cost upon the completion of renovations.

    The additional cost of this program is $575, and the total we lend differs on a case-by-case basis. We determine the amount based on the renovation cost and the after-repair-value (ARV) appraisal.

    Let’s take an example:

    • Buyer A presents us with a property that costs $70,000 and provides a $30,000 estimate for renovations. Her total acquisition cost, then, is $100,000.
    • We can provide up to 70 percent of that total cost, so her loan amount is $70,000. She chooses the one-year interest-only loan program.

      Buyer A puts $30,000 down (30 percent of her $100,000 total) and also pays fees:

    o $1920 eMortgage Inc. universal flat fees
    o $3500 third-party closing costs and pre-paids (average figure)
    o $575 renovations-included program fee
    o Total spent: $35,995 at close of escrow

    • The full $70,000 is funded to title at the close of escrow, but $49,000 (70 percent of purchase price) is all that’s released at close.
    • After renovations are complete and the buyer has a bill in hand, the remaining loan — $21,000 in Buyer A’s case — is released from escrow

    It takes only 24 to 48 hours to get a response from eMortgageAZ.com. So fill out our online loan application to get the ball rolling today!

    Did You Know We Offer Special Financing on Incredible Homes?

    Check out our properties page and take a look at eMortgageAZ.com homes. We have some incredible deals! We pay for renovations and make these upscale properties move-in ready before listing them for sale. Best of all, since we’re the seller, we offer:

    • Special lower interest rate loans
    • Reduced down payment requirements
    • Extended terms on eMortgageAZ loans when you buy an eMortgageAZ.com home

    Listings change frequently, so visit our site every day!

    Don’t hesitate to call us today at 602-999-9499. We’re ready to discuss your personalized loan options. Talk to the most professional and honest hard money lenders in Arizona!

    All scenarios, fees and percentages listed on this page are only examples. Your actual fees may vary and may include additional third-party fees. Rates, fees and terms are for real estate and mortgage professional use only and are subject to change at any time without prior notice. APR can’t be estimated until all of a loan’s particular costs are calculated.