Frequently Asked Question
Your Loan Questions, Answered
Designed for real estate investors and brokers. Get quick solutions to common funding questions, all in one place.
General Questions
Goldman Funding lends Nationwide excluding AK, ND, SD, ID, VT, UT. We do not lend in rural areas.
Typical closing timelines are 10 to 20 days. Repeat borrowers see faster closing times of 7-10 days for fix and flip and term loans.
Yes, we are a direct lender. We utilize a capital provider to fund your loans directly – giving you stable and reliable capital every time !
Pre-approvals are issued within 24 hours after submitting a pre-qualification form and speaking with a Loan Officer.
Closing timeline is as low as 10-20 days.
Minimium FICO score eligible is 620.
Yes, though we fund your project 100% borrowers are required to cover closing costs.
No experience is required for some products. Consult with your loan officer for more details.
No all closing costs required to be paid at closing.
All Loans start with a signed term sheet. Once term sheets are signed your loan officer will direct you to next steps
Borrower Questions
The process is 3 simple steps. Submit a Deal Summary online, sign your term sheet & start the process towards closing ! Your loan officer will connect with you within 24 hours of submission
Borrower ID, Purchase contract, rehab budget, lease agreements (if any), and LLC documents. Thats everything you’ll need.
Yes. Most loans require personal guarantees. Some commercial deals may allow no-recourse structures with carveout guaranty.
A minimum FICO score of 660 is required
Typically none, unless a product specifically requires full documentation.
No. We do not report any loans to the credit bureau. We are a private lender focusing on Asset based loans.
No. Borrowers must pay all closing costs on a purchase transaction. For refinance transactions we may cover closing costs.
No, borrower is responsible for covering closing costs at closing.
Yes, return borrowers are offered discounts on closing costs and lender fees.
Minimum credit score required is 620.
Our standard loans do not require any proof of income. For specific loan products, we may require full documentation.
Yes we communicate with borrowers directly to ensure their loan is approved.
Our limits are capped at 100% of Purchase Price for Fix and flip transaction and up to 85% LTV on Rental Loan Acquisition. 75% LTV for refinance.
Yes we can fund up to 100% of Acquisition price of the property.
Yes we lend on 100% on Rehab Cost
Ineligible properties are rural locations, churches, or agricultural land.
Loan Program Questions
We finance up to 90% of the purchase price and 100% of rehab budget for your property. Borrower is required to cover 10% down payment + closing costs out of pocket.
Rates vary based on the loan type, borrower profile, and LTV. Fix& Flip or New Construction loans rates from 9.99% & 12-month term. DSCR Rental Loans from 5.75% with 30-year Fixed or 10 Year IO available
No. We are an asset based lender. We don’t require any Income or Job verification. We also do not need bank statements for most bridge loans
No. We do not allow 2nd liens when we are the 1st lien holder.
Yes, for highly experienced borrowers with light fix and flip deals, may qualify for our exclusive 100% Loan to Cost financing program. Experienced borrowers with 6+ verified purchase and rehab deals.
Yes, we finance 100% of rehab costs of your rehab or construction
Owner occupied residential properties, rural properties, churches, agricultural land are ineligible.
Broker Questions
Yes. Brokers can submit deals directly on our loan portal, upload docs & track real-time updates.
Yes. Brokers may also charge their fees directly on the HUD.
Yes. Brokers maintain direct contact with their borrowers, we do not contact them.