Construction – Ground Up - PhoneOps Funding, LLCPhoneOps Funding, LLC

First & Last Name:

Contact Number:

Email Address:

Full address including city, state, zip & county:

How long have you lived at this address?

Address Type:

Own

Rent

If you are "Renting", put your Landlord's information here including Full Name, Address, Contact Number & Fax Number: (If you don't pay rent, put 1. Pay Mortgage or 2. No Rent, Live With Family Member)

How much you pay per month in rent or mortgage?

Date of Birth:

Social Security Number: (We must pull your credit)

Estimated Credit Score:

Borrower Race:

Number of dependents (18 or under):

Ages of all dependents:

Purchase price:

After Repair Value (ARV) or current value if refi:

Zip Code or City & State where property will be located:

Did you already find the land?

Yes

If yes, total price for Land Only then total price for Construction:

Did you already find the Builder?

Yes

If yes, enter Builder's detailed information, Realtor's information, etc along with details about this transaction or put N/A:

If this is a refinance, enter the full address of the subject property including City, State, Zip and County: (If none, put N/A)

Employment Status:

Employed - W2

Independent Contractor - 1099

Business Owner

Don't work

The next 8 QUESTIONS is for Employment: (Put N/A if you don't work) 1. Full Name of Employer or Business Name:

2. Full address including City, State & Zip:

3. Contact number:

4. Job Title:

5. Start Date:

6. Monthly Income:

8. If so, how much? (Put the type and the amount next to it per line or put N/A if this doesn't apply to you) INCLUDE ALL OTHER INCOME HERE!

Is there a Co-Borrower?

No, there is no Co-Borrower

Yes, there is a Co-Borrower

If so, put their full name here or put N/A: (If you are the Co-Borrower, put the Borrower's full name here)

Are you a First Time Home Buyer?

Yes

If you are a Real Estate Investor or Builder, how many construction deals you've completed in the last 3yrs? (Include dates, addresses, sales price, etc. (If none, put N/A)

Do you currently have your down payment?

Yes

My Borrower/Co-Borrower has the Down Payment

Name of your bank where you hold the Down Payment?

Do you currently have your Earnest Money Deposit (EMD) to take the property off the market if purchase?

Yes

My Borrower/Co-Borrower has the EMD

Do you pay child support?

Yes

CO-BORROWER'S SECTION: If there's no Co-Borrower, SKIP THIS PAGE! ~ ~ Co-Borrower's Full Name:

Contact Number:

Email Address:

Date of Birth:

Social Security Number: (We must pull your credit)

Do you receive any of the following? (Check all that apply)

SSD

SSI

Alimony

Pension

Child Support

Cash Assistants

Other

I do not receive any benefits

If so, how much? (Put the type and the amount next to it per line) INCLUDE ALL OTHER INCOME HERE!

Your total monthly income:

There will be a one-time Tri-Merge Credit Report fee of $57 per borrower & you’ll be re-directed to the site pay after completion of this application. PhoneOps has to pull your credit to see what you qualify for. Do you understand?

No, Disregard my Application

Yes, I will pay $57 after completing this application

NOTE: If your credit is lock, you must unlock your credit from all 3 Credit Bureaus after you pay your invoice & keep it unlocked until we pull your credit to avoid paying another Invoice Fee of $57 per person. Do you understand?

No, Disregard my Application

Yes, all 3 Credit Scores are Unlocked. PhoneOps may pull my/our Credit

Enter the name of the person that sent you to this site to place your file as "Priority".

This completes the Application. Please Rate your opinion:

1-Boring

2-Too long

3-It was fine. Not too long

4-Anxious in getting Pre-Approved

5-Excited, would like for someone to call me ASAP!

Checking this box means you agree to our terms which are: 1: You willingly applied online to one of PhoneOps mortgage loan programs and will complete the 3-Step Process for potential loan approval. 2: You agree that PhoneOps must pull your credit. 3. You agree that your credit is unlocked. 4. You agree that the one-time Tri-Merge Credit Report fee of $57 is NON REFUNDABLE.

7 + 3 =

Construction – Ground Up

GROUND-UP CONSTRUCTION FUNDING

You were invited to our website to get approved for our Ground Up Construction Program. PhoneOps Ground Up Construction Program is designed for:

1-4 Units

5+ Units

Mix-Use

Hotels / Motels

Retail / Office Buildings

And more…

If you fall into one of the above, then our program is great for you. PhoneOps Ground Up Construction Program is a nationwide program.

PHONEOPS GROUND UP CONSTRUCTION PROGRAM

IS A NATIONWIDE PROGRAM!

Guidelines:

This program has standard guidelines. View below:

Loan Amounts:

$50K to $50M+

Term:

12mos to 18mos

Minimum FICO:

620 & up

Rate:

10% to 15%

1-10 Unit LTV:

Up to 90% Purchase

100% Rehab

Commercial LTV:

Up to 100% Purchase

100% Rehab

Property Type:

Investment Properties

Commercial Properties

Occupancy:

OO – 2+ Units

NOO – 1+ Units

Funding:

As soon as 10 days

100% Financing:

To be eligible for 100% financing, must meet the following Guidelines:

* FICO 660+* Strong credit history* Must be 51% or more Owner Occupied* DSCR: 1.15x* 2yrs in business* $500k – $18M loan amount* Interest rate: 7% – 9%* Closing time frame: 3mos to 4mos

Minimum Requirements:

* Must be able to show proof of income

* Application Fee $295 WAIVED

* A Tri-Merge Credit Report fee of $57

* A valid Driver’s License or State ID

* Must have a Checking Account

* A Social Security number

Ground Up Construction Loan – Online Application

* FICO 660+
* Strong credit history
* Must be 51% or more Owner Occupied
* DSCR: 1.15x
* 2yrs in business
* $500k – $18M loan amount
* Interest rate: 7% – 9%
* Closing time frame: 3mos to 4mos