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How much does LoanSum charge for a rehab loan?

April 26, 2017charge loan loansum rehab

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How much does LoanSum charge for a rehab loan?

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LoanSum offers loans to borrowers based on size of loan and the risk associated with the transaction. Typical origination charges range from 4 to 6 points with a $2000.00 minimum. If construction funds are requested an additional fee of 1 to 2 points, with a $500.00 minimum, will be accessed for administrative costs. Interest charges range from 1% to 1 1/2% of amount borrowed per month regardless of term.