Today’s Rates

Brazington Mortgage, Inc. specializes in Private Money Loans. We do not offer conventional, FHA and VA financing. All of our Private Money Loans must be for a business purpose and must be real estate secured. Your equity in non-owner occupied residential real property, multi-family residential, commercial property, land only, farm or ranch may be mortgaged to secure the repayment of your loan. We do not make loans for a consumer loan purpose or make any loan secured by your owner occupied residence. Please follow an appropriate link for more information or to contact us.

Private Money Mortgage Rates change occasionally and can vary depending on your unique situation. Simply use the quick form below to receive FREE and accurate rate quotes from our network of trusted Private Money Lenders.

Our most recent Rate Sheet is outlined below:

Brazington Mortgage, LLC June 15, 2020
PO Box 1973
Spokane Valley, WA 99037

509-990-9599 (Stan Brazington) 509-939-8932 (Steve Brazington)

ATTENTION REAL ESTATE INVESTORS!
YOUR MILLIONAIRE NEXT DOOR FUNDS THESE LOANS.

Special offer for investors with credit scores in excess of 620, documented income, excellent mortgage histories and loan to values of 60%, or less, based on as-is valuations.

60% LTV or less 7.750% Rate 9.60% APR Interest-only with four year balloon.
55% LTV or less 7.500% Rate 9.35% APR Interest-only with four year balloon.
50% LTV or less 6.999% Rate 8.84% APR Interest-only with four year balloon.

We offer ten year balloon payments, 15 year fully amortizing loans, stated income loans and fund loans in WA and Idaho.

We help you with business loans secured by real estate:

• Non-Owner Occupied Residences (Rental homes)
* Non-Owner Occupied Homes (Flip Homes)
• Commercial Property
* Multi-family
• Bare Land
* Farm/Ranch
* Other real property

Our loans offer you:

• Fixed Interest Rates
* No Default Interest
• No Prepayment Penalty
* Long-term (4-10 year) private money
• 15 year fully amortizing loans are available. (No balloon payment.)

As-is
Loan to value Rate APR Amortization / Balloon

50% LTV – or less 7.500% 8.96% APR Thirty year / Ten year balloon
55% LTV (Purchase or refi) 7.875% 9.34% APR Thirty year / Ten year balloon
60% LTV (Purchase or refi) 8.750% 10.21% APR Thirty year / Ten year balloon
65% LTV (Purchase or refi) 9.250% 10.71% APR Thirty year / Ten year balloon
70% LTV (Purchase Only) 9.750% 11.21% APR Thirty year / Ten year balloon

As-complete
Loan to value Rate APR Amortization / Balloon

45% LTV (Purchase or refi) 7.750% 9.210% APR Thirty year / Ten year balloon
50% LTV (Purchase or refi) 8.000% 9.460% APR Thirty year / Ten year balloon
55% LTV (Purchase or refi) 8.875% 10.335% APR Thirty year / Ten year balloon
60% LTV (Purchase or refi) 9.875% 11.335% APR Thirty year / Ten year balloon
65% LTV (Purchase or refi) 10.375% 11.835% APR Thirty year / Ten year balloon

Larger loans may have an interest rate up to 1% higher. All Rates apply to First Deeds of Trust / Mortgage only. Rates are based on a stick built single family residence as security with good pride of ownership, are subject to change and dependent on the applicant’s income, credit and the condition of the real property. APR based on $100,000 loan amount, thirty year amortization, with a ten year balloon. Loans on other types of properties may have higher rates. Second Deeds of Trust add 3% to the rate.

All Notes are serviced by Allegro Escrow.
Allegro charges the borrower a $25.05 monthly fee.
See page two for typical closing costs.
Rates are subject to increase based on credit.
15 year fully amortized rate and term add .50% to rate.
Rarely will we finance a foreclosure bailout.
Poor pride of ownership add .5% to the rate.

Mobile homes and land only add .5% to the interest rate across the board. Maximum LTV on mobile homes is 60%.
• Pre HUD Mobile Homes maximum LTV 55%, plus add .75% to the rate.

Call Stan or Steve today

stanbrazington@gmail.com
509-990-9599

stevebrazingon@gmail.com
509-939-8932

Closing costs include and may not be limited to:
• Five or six percent broker fee
o Six percent for first time customers.
o Five percent for repeat customers.
o Five percent for larger loans in excess of $200,000.
o Minimum Fee $2,000
• $ 350.00 Broker Processing Fee
• $ 250.00 to 450.00 Appraisal Fee (More complex appraisals may be more.
• $ 10.00 Flood Certificate
• $ 54.35 Allegro Escrow Set Up Fee
• $ 136.13 Allegro Escrow Reserve Set up Fee
• $ 700.00 Attorney closing fee (Loans greater than $100,000 pay a higher fee equal to one-half of one percent of the loan amount in excess of $100,000)
• $ 300.00 to $1,200 Lender’s Policy of Title Insurance (Larger loans may have a larger fee.)
• $ 50.00 Wire fee paid closer.
• $ 30.00 Wire fee paid to Lender
• $ 100.00 to $120 Recording Fee
• $ TBD Tax Reserve Deposit
• $ TBD Insurance Reserve Deposit
• $ TBD Other fees may apply

Private Money Mortgage Rates change occasionally and can vary depending on your unique situation. Simply use the quick form below to receive FREE and accurate rate quotes from a nationwide network of trusted lenders.