Q: What type of income verification do you require?

A. Unlike banks and other conventional lenders that verify the borrower's personal income, we can pre-approve your clients with a completed Fannie Mae 1003 application that simply states the borrower's income and assets. The only income verification required is on the property being financed. We require rent rolls and leases on properties with more than four units certified by the borrower, as follows:  Our easy Stated Asset / Stated Income process allows self-employed customers who cannot verify all of their assets to qualify for financing through banks to qualify through One-For-The-Money.


Q: Can you finance environmentally sensitive property types such as auto repair shops and dry cleaners?

A. Yes, but the owner needs to complete an environmental questionnaire that must be submitted with the loan package. The information is reviewed by an insurance company in order to determine whether or not the property poses an environmental risk. The cost of the premium varies depending on the loan amount and property type. However, the cost is substantially less than that of a typical Phase I environmental report. By offering this environmental screening process, One-For-The-Money can finance riskier properties that many other lenders will not.


Q: What is the One-For-The-Money "borrower's profile?"

A. One common denominator among all our borrowers is that they have a large amount of real estate equity and an immediate need for short-term capital. They cannot or will not go through the strenuous and time-consuming underwriting process required by conventional lenders.


Q: Who is my primary contact at One-For-The-Money?

A. Although you have a team of people working to help you close your loans, your primary contact is Bob Harris – The Money Guy.  He can always be reached by phone at 1-888-843-2220 or by fax at 281-754-4687.