PRIVATE RESIDENTIAL MORTGAGE

Welcome to Cotton Funding and Investment Group. This page outlines the Basic Terms of our funding options. Applicant's seeking Custom Terms should get in touch.       

At the Last Section of this page, you will find Video Reviews from recent clients we funded, as well as the Loan Application Form.

​Eligible Property Types

1. Single-family homes

2. Condominiums

3. Townhouses

4. Multi-family homes (up to four units)

5. Modular homes

6. Manufactured homes (Mobile Homes)

7. Co-ops (cooperative housing)

Private Mortgage Terms

• Minimum Loan Amount: Up to $50,000

• Interest Rate: Fixed at 7.25%-9.25% per annum

• Term Length: 15,20,30,40 years

• Loan-to-value:90% 

• Monthly Payment: principal and interest

• Eligible Use: Purchase, Rate-term Refinance, Cash-out Refinance 

• No Pre-Payment Penalty 

     

 Rate and Term option

• Minimum Loan Amount: Up to $50,000

• Down Payment: N/A (refinance)

• Loan-to-Value (LTV) Ratio: Maximum 85%

• Interest Rate: 6.11% - 8.11% (depends on credit profile)

• Term Length: 15 to 30 years

• Amortization Period: Up to 30 years

• Prepayment Penalty: No Pre-Payment Penalty

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Cash-Out Refinance Options

If you already own a property and are looking to tap into your equity, our cash-out refinance option may be perfect for you.

     Here are the typical terms:

• Maximum Loan-to-Value (LTV) Ratio: Up to 80%

• Interest Rate: Fixed at 7%-9% per annum

• Term Length: 30 years

• Cash-Out Amount: Available for use as needed

• Equity Requirement: Minimum of 20% equity in the property

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Why Choose Cotton Funding?

1. Personalized Service: Our experienced team works closely with you to understand your financial goals.

2. Flexible Terms: We offer a variety of loan products tailored to fit your unique circumstances.

3. Fast Processing Times: Within 7-10 days

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