Partner Resource Center

This toolkit is a starting point for you when creating content to help promote your partnership with Lendai. We advise that you adapt all of the below to your own brand tone and voice, and personalize the content for your audience.

Frequently Asked Questions

What are Lendai’s pre-payment penalty (PPP) options?

We offer foreign investors various prepayment penalty options: 5 years, 5-4-3-2-1, 3 years, 3-2-1 and without PPP.

5 years: This is a fixed penalty if you want to pay off the loan before the end of the term.

5-4-3-2-1: This is a decreasing penalty if you want to pay off the loan before the end of the term. The first year you pay 5% of the loan amount, the second year 4%, and so on until the fifth year. From the sixth year onwards there is no prepayment penalty.

3 years: This is a fixed penalty if you want to pay off the loan before the end of the term. 4) 3-2-1: This is a decreasing penalty if you want to pay off the loan before the end of the term. The first year you pay 3% of the loan amount, the second year 2% and the third 1%. From the fourth year onwards there is no prepayment penalty.

Without PPP: financing option in which the loan is allowed to be canceled without prepayment penalty.

What are Discount Points?

In exchange for a one time and up front fee, Discount Points lower your interest rate and your monthly payment . Over the course of a 30-year loan, these Discount Points can save the borrower a significant amount of money. The Discount Points are totally optional for the borrower. Lendai follows the US standard pricing procedure of Discount Points.

Do you have any additional (hidden) fees? Such as processing fee, underwriting fee, broker fee, etc.

No, Lendai has no hidden fees. The 2% origination covers all fees related to processing, underwriting, and originating your loan.

Am I required to pay anything before receiving the money?

Lendai only requests you pay for the Appraisal Report, which will be paid directly to the appraisal company.

What do I need to qualify for Lendai financing?

The Lendai underwriting guidelines are based on four main factors: 1. Property value 2. Property DSCR 3. Borrower’s liquidity 4. Borrower’s credit profile in the country of origin. Additional documents may be requested based on the specific scenario and underwriting.

What types of loans do you provide?

Lendai offers New Purchase Loans, Cash-Out Refinance Loans, Standard Refinance Loans, and Portfolio Loans. We offer 30-year Fixed Rates, focusing on DSCR (Debt Service Coverage Ratio) and Global DTI (Debt to Income Ratio). We now also have Short Term Programs such as Bridge Loans, Fix & Flip Loans, Ground-Up Construction Loans.

In addition, we provide Pre-Approval letters.

What type of properties do you finance?

Lendai finances the following type of properties: Single family homes, 2–4-unit residences, condos, condo-hotels, townhouses, 5-8 units.

How much funding do you provide?

Lendai is a lender that focuses on Super Prime loans, so we offer our clients good terms and a short procedure. The scope of financing is based on the value of the property, the expected rent, and other variables.

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.