|Loan Amount||Up to $2,500,000|
|APR||Starting at 3.04%|
|Loan Term (Years)||N/A|
Where does Network Capital do business?
Network Capital is a direct lender based in Irvine, CA. The company was founded in 2002 and offers mortgages to borrowers in 30 states (and Washington, DC).
How much can you borrow via Network Capital?
Network Capital allows borrowers to apply for loan amounts of up to $2,500,000. 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.
What range of rates does Network Capital offer?
Network Capital offers home loans with APRs starting at 3.04% .
What is the estimated funding time for a home loan via Network Capital?
Network Capital will typically fund mortgages within 14 and 28 days of approval.
Does Network Capital charge a mortgage origination fee?
Yes, Network Capital may charge a loan origination fee.
What mortgage programs does Network Capital offer?
Network Capital 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%.
- HARP: A mortgage refinance program for home loans owned or backed by Fannie Mae or Freddie Mac. No minimum credit score or value appraisal required.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Network Capital allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Network Capital allows the following property usage types:
- Primary home
- Washington, DC
- New Jersey
- New Mexico
- New York
- North Carolina
- South Carolina