With MyMoney2Loan, we streamline the lending experience for both renovation projects and rental property investments. By leveraging smart tech and automated systems, we're able to offer fast closings and strong, competitive loan terms.
What To Expect
Start Your Application
Click the Begin Loan Application button to sign in — or create a new account if it's your first time — then fill in the details of the project you're looking to fund.
Pick Your Closing Date
Enter the date you'd like to close the deal. Just make sure it lines up with the timelines listed in our FAQs so we can meet your expectations.
We'll Reach Out
Once your application is submitted, our team will review it and follow up with you within 24 hours.
Look Out For Your Loan Offer
If your project meets our criteria, we'll send you an email letting you know your loan offer is ready to review.
Upload Docs & Begin Underwriting
After you accept the offer, you'll need to complete the required tasks and upload your documents. Once that's done, we'll order a property valuation and move your file into underwriting. The official closing timeline begins at this stage.
Final Steps Before Closing
Our team will take care of ordering the title and insurance, and we'll contact you if anything else is needed to finalize the closing.
Minimum Requirements for Loan Approval
Credit Score
Minimum 680 fico required, with no major delinquencies in the last 2 years.
Loan Term
Typically ranges from 12 to 18 months, depending on the deal.
Property Value
The current property value — or purchase price, if buying — must exceed $100,000.
Prepay Penalty
No prepayment penalties apply.
Purpose
Designed for short-term financing to acquire and renovate real estate projects.
Max Loan Ratios
Finance up to 90% of project costs and 75% of the after-repair value (ARV), based on experience.
Loan Amount
Loans range from $100K to $1.5M per property, with a $50K minimum per unit for 2+ unit buildings.
Property Type
Eligible properties include single-family homes, 2-4 units, or 5-8 unit properties. Mixed-use and manufactured homes are not allowed.
Location
Property must be in a non-rural area with a local population over 75,000. Not available in AK, HI, NV, ND, SD, or WY.
Minimum Liquidity
You'll need funds to cover the down payment, closing costs, three months of mortgage payments, and 15% of the renovation budget — with at least $25,000 in reserves.
Credit Score
Minimum 680 fico required, with no major delinquencies in the last 2 years.
Max LTV
Up to 80% for purchase or refinance, 75% for cash out refinance.
Loan Amount
Loans range from $100K to $1.5M per property, with a $50K minimum per unit for 2+ unit buildings.
Property Type
Eligible properties include single-family homes, 2-4 units, or 5-8 unit properties. Mixed-use and manufactured homes are not allowed.
Location
Property must be in a non-rural area with a local population over 75,000. Not available in AK, HI, NV, ND, SD, or WY.
Minimum DSCR
Required debt service coverage ratio (DSCR) is at least 1.10.
Loan Term
30 year fixed-term loan.
Property Value
The property's current value — or purchase price — must be greater than $100,000.
Prepay Penalty
5-year step-down structure (5-4-3-2-1). Option to reduce the term to as few as 2 years.
Minimum Liquidity
Must have funds to cover the down payment, closing costs, and six months of mortgage payments.
FAQs
Do you perform a hard credit pull? If so, when?
Hard credit checks are only done for rental loans — and only after you've accepted an offer and entered underwriting. For short-term loans, we use soft credit checks at the start.
What counts as liquidity?
We accept funds in checking, savings, and money-market accounts. We may also count retirement accounts, stocks, or HELOCs — usually at 50% of their value.
Do you finance vacation or short-term rentals (STR)?
Yes, we do — but with stricter terms like lower LTVs and higher interest rates. Rather than a lease, we review at least 6 months of operating history if you're refinancing.
What are the benefits of using a portfolio loan instead of individual loans?
Portfolio loans can save you money by offering better rates and lower overall costs—since fees and third-party closings are consolidated. Requires at least two properties.
Can I get 100% financing on project costs?
We don't do full-cost financing. Our max is up to 90% LTC, depending on your experience.
Can I add a partner to qualify if I don't meet credit or liquidity thresholds?
Yes! If you bring in a qualified partner, they just need to be added to the title within the ownership entity.
Is there a seasoning period for cash-out refinancing?
Yes.
• Owned less than 3 months → max loan = 80% of total investment (purchase + rehab)
• Owned 3-6 months → max = 100% of investment
• Owned 6+ months → no limits beyond standard ratios
Can I finance a property bought at auction?
Only if the property comes with title insurance. Many auction properties don't have it, so please confirm with the seller or platform.
Can I combine seller financing or private money with your loan?
Yes — as long as our loan is first lien. We cannot support any secondary liens.
How fast can my loan close?
• Fix/Bridge loans: 10 business days for new clients; 5-7 days for returning clients
• Rental Loans: ~4 weeks for single properties, 5-8 weeks for portfolios
• Construction: ~3+ weeks (depending on complexity)
• 5+ Unit Multifamily: 4-6 weeks, based on appraisal & scope
How do you decide if a property is “rural”?
For short-term loans: we check population (MSA <75K, town <7.5K), distance (30+ miles from commercial hub), and satellite view (lack of grid layout).
For long-term loans: we rely on appraisal and USDA classifications, and may challenge if needed.
What are the most common reasons loans get denied?
1. Property located in excluded states or rural area
2. Property value < $100K or loan amount below minimums
3. Credit score under 680 or recent major delinquencies
4. Liquidity too low for required reserves or rehab plans
5. Inexperienced investors taking on large rehab projects