FAQs
If I do not meet the minimum credit score requirements for each loan what can I do?
We recommend obtaining a trade line to help increase your credit score. You can also partner with someone on an LLC who meets the minimum credit requirements.
Are there closing costs for different loans?
Yes there are closing costs for all loans. Once your application is submitted you will get an accurate estimate of closing costs. The higher your credit score the lower your closing costs!
Do I need to have an LLC to qualify for financing?
Yes an LLC is required for all loans. If you do not have an LLC one can be created for you by RSW Funding Group. Please go to the Services page to request an LLC creation.
Does the required liquid assets amount change?
Yes the amount of liquid assets does change. The amount increases based on the purchase and rehab costs. The higher the purchase and rehab cost the higher amount of liquid assets that is required.
What can I do if I don’t have the $15,000 in liquid assets?
Personalized options can be discussed during a financing consultation and this can be booked in the services tab. You can learn how to do wholesaling, obtain business and personal lines of credit, and/or apply for transactional funding.
Can I get personalized help with figuring how to achieve financial freedom?
There are many different aspects to achieving financial freedom and navigating real estate. Book an in person or phone consultation by clicking on the services tab.
What is the minimum and maximum age to qualify for financing?
The minimum age is 18 years old. There is no maximum age to qualify for financing.
Once I submit my application & app fee, will you run my credit?
No your credit is not ran until after you have been pre-approved and decide to move forward. After you decide to move forward you will receive a hard inquiry.
Do you offer discounts?
Yes I do. If you are a college student, EMT, teacher, firefighter, nurse, etc. you can send an email to inquire and receive a discount.
How does the financing 1 on 1 training work?
The 1 on 1 program is where you learn how to become a financing broker. You master the different financing programs and are connected with different lenders that I use personally. This 1 on 1 can be done in person or virtually. You will receive up to 4 sessions, mock phone calls, videos, a financing manual, and access to our private number for up to one year!
How long does financing take from start to finish?
For purchase and/or rehab loans they take 2 weeks from start to finish as long as all requested documents are submitted. For a cash out refinance and commercial loans it takes 3 weeks from start to finish as long as all requested documents are submitted.