Heritage Funding Loan Application

Dear Applicant,

Thank you for taking the time to complete your preliminary loan application while providing the details to identify the best funding solution for your upcoming project.

Our goal is to respond within 24 to 48 hours after receiving your inquiry.

Kindest regards,

Heritage Funding, LLC
BORROWER INFORMATION
Borrower Name*

First NameLast Name
Borrower's Home Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Borrower's Phone Number*
Borrower's Email Address*
Does the Borrower Own or Rent their primary residence?*

OwnRent
Borrower's Residence Status*

US CitizenNon ResidentResident AlienForeign National
Borrower's Middle Credit Score*
Has the Borrower ever had a Late Mortgage Payment*

YESNO
If you answered, "Yes", to the above, please describe when.
Does the Borrower regularly file taxes with the IRS every year?*

YesNo
Which of the past three years did you NOT file taxes? It's important that you let us know because we have funding options for Borrowers who did not file.
Has the Borrower ever been convicted of a felony?*

YesNo
Please offer an explanation for any felony convictions.
*Does the borrower own any other investment / rental properties?*

YesNo
How many investment properties does the Borrower own?*
Total units within all the properties?
Total units currently leased?
Borrowing Entity Information

Since this is a business to business transaction, most borrowers are going to require that the loan is closed in an entity.
Name of the Borrowing entity in which you plan to close? *
You may respond with your personal name. However, most Commercial Lenders will require you to close in an Entity. There are very few options to close in your personal name. If you are unsure of which entity you will use or if you are new to borrowing funds for investment purposes, simply respond by indicating "New Entity".
Which type is this entity? LLC, Corp., Non-profit, etc.
How many members make up the Borrowing Entity
Borrower's Ownership Portion %
Additional Member's Name

First NameLast Name
Additional Member's Ownership Portion %
Additional Member's Middle Credit Score
PROPERTY INFORMATION
Property Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Property Type*

Single FamilyDuplexTriplexFourplexMulti Family 5+CommercialMixed UseOther
How many units in property?*
How many units in property are leased ? *
Monthly Rental Income generated by the property? *
Property's Current Zoning
If this is a Commercial Property, describe the type: Office, Shopping Center, Mobile Home Park, Car Wash, Childcare Center, Auto Repair, etc.
Rental Property Occupancy %*
*If this is a Mixed Use: How many residential units?
*If this is a Mixed Use: How many non-residential units?
Monthly Rental Income $
Monthly Property Taxes $
Monthly Insurance Cost $
Is there a Home Owner's Association?

YesNo
HOA monthly fee $
Will you be renting out any portion of this property to a family member?*

YesNo
Will you be using this property as your primary residence or for investment purposes only? *
Please indicate
Will the property usage be changed from how it is currently being used?
How much cash does the Borrower have to inject into this project? *
Available cash will be verified through bank statements.
LOAN INFORMATION
Transaction Type - choose one*

PurchaseRefinanceUnsure or Undecided
Loan Type - Please choose one*

Cash Out Refinance - Long TermCash Out Refinance - Short Term BridgeRehab -BridgeNew ConstructionPermanent Long TermOther
Are you ready to proceed?*

Yes! I am ready to proceed!!No, I'm not ready to proceed, I'd like assistance. Please call me!
Please scroll down to the section that pertains to the type of funding you need for your upcoming project.
Purchase Transaction

Please answer the following questions if this will be for a purchase.
If purchasing, is property under contract?

YesNo
Contract expiration date

MonthDayYear
Date
When do you need to close?

MonthDayYear
Date
Estimated As Is Property Value Today $
Purchase Price $
Loan Amount $
Rates & Terms you are expecting.
How much cash will you inject into the project?
Will need to show bank statements to verify.
Refi or Cash Out Refinance Loan

Please answer the following questions if this is for a Refinance or Cash Out Refinance.
What is original purchase price?
What is the original purchase date?
Current Property Value $
How much is owed on the property $
Loan Amount $
Rehab Loan or New Construction Loan

Please answer the following questions if this will be for a Rehab or New Construction Project
Current Value $
Purchase Price $
Will you be purchasing the property from a wholesaler?
After Repair Value $
Repair Budget $
Have you acquired necessary plans and permits for this project?

YesNoApplied but not acquired yet
Will any architectural plans be required for this rehab project?

YesNo
Will this property be converted and used for a different purpose?

YesNo
How many Rehab or New Construction projects have you completed in the past 36 Months?
How many Rehab or New Construction projects have you completed in the past 24 Months?
How many Rehab or New Construction projects have you completed in the past 12 Months?
For New Construction, Land is purchased free and clear?

YesNo
For New Construction project, are plans and permits approved?

YesNo
Rehab or New Construction project Exit Strategy*

Refinnce and Hold as a RentalSell
Before submitting, is there anything special you'd like to tell us about your upcoming project?
Thank you for your loan submission.

It will be received by Heritage Funding, LLC

email address: evie@heritagefundingpa.net

www.heritagefunding.net

For questions, please feel free to call 267.203.8834

We value your privacy and assure you that this information will be used only for the intended purpose of idenifying a funding solution for your upcomind real estate project.
Time

Hour Minutes

AM/PM Option
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BORROWER INFORMATION

Borrowing Entity Information

PROPERTY INFORMATION

LOAN INFORMATION

Purchase Transaction

Refi or Cash Out Refinance Loan

Rehab Loan or New Construction Loan