Pricing
Interest rate
30 years duration
Escrow tax & insurance
We will escrow additional funds that will be used to pay on your behalf the yearly tax payments and insurance premiums of your investment property.
Loan origination fee
Estimated 3rd party fee
The cost of 3rd party service providers who are part of closing the loan (appraisal, title, notary, etc.) and state and country taxes, if applicable.
Discount points cost
Each discount point paid will lower your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan thus saving you a significant amount of money throughout the loan term.
Total savings on loan payments (over 30 years)
*The offer above is an example of a 70% LTC for a USD 300,000 property purchase price. Rates subject to change.
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FAQ
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.
Does my credit score in my origin country or US affect my offer?
No, every investor receives the same offer that is based on Lendai’s Proprietary Underwriting System.
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.
What are Discount Points?
n 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.
How do I choose the best points program for me?
Each discount point paid lowers your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan. The more points you have, the more you save on your loan payments throughout the loan term. Buying discount points is best suited for investors who intend to hold the property for a long period of time.
Why are you charging escrow tax and insurance?
Lendai needs to make sure that the property’s tax bills and insurance premiums are fully paid on time. Lack of payments can create a tax lien which can lead to foreclose of the property by the authorities. If you do not pay the insurance, then the house is not covered in case of damages. Lendai and you are then excluded from coverage and may lose part/all of the investment.
What are Lendai’s pre-payment penalty (PPP) options?
Lendai offers foreign investors three PPP options: 5-4-3-2-1, 3-2-1, and no PPP.
- 5-4-3-2-1 – this is a dropdown penalty in case you want to repay your loan before the end of the term. The first year you pay 5% of the loan amount, the second year 4%, and so forth until the fifth year. From the sixth year and up there is no Pre-Payment Penalty.
- 3-2-1 – this is a dropdown penalty in case you want to repay your 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 and up there is no Pre-Payment Penalty.
- No PPP – a buyout option that allows you to repay the loan without a penalty.