Block Financial ResourcesUnaffiliated Visit Site
|Loan Amount||Up to $5,000,000|
|Loan Term (Years)||N/A|
Where does Block Financial Resources do business?
Block Financial Resources is based in New York, NY. The company was founded in 2008 and offers mortgages to borrowers in 2 states.
How much can you borrow via Block Financial Resources?
Block Financial Resources allows borrowers to apply for loan amounts of up to $5,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
Does Block Financial Resources charge a mortgage origination fee?
Yes, Block Financial Resources may charge a loan origination fee.
What mortgage programs does Block Financial Resources offer?
Block Financial Resources offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
What property usage types does Block Financial Resources allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Block Financial Resources allows the following property usage types:
- Primary home
- New Jersey
- New York