FAQ’s
At Ameristar Financial, we understand that navigating the world of real estate investment financing can sometimes raise questions. Below, you’ll find answers to the most common questions we receive. If you have any additional questions, feel free to contact us directly.
General Loan Information
We offer a variety of real estate investment loans, including:
DSCR (Debt Service Coverage Ratio) Loans- Fix and Flip Loans
- Bridge Loans
- New Construction Loans
- Rental Property Loans
Each loan is tailored to the unique needs of real estate investors, developers, and property flippers.
Unlike traditional banks, we specialize in real estate investment loans. Our loans are designed with flexibility and speed in mind, ensuring that investors can secure the funding they need quickly—without the stringent requirements of conventional loans. We also focus more on the value and cash flow of the property rather than personal income or credit scores.
Yes, we provide loan options that focus more on the property’s income potential and less on your personal credit score. Depending on the loan type, we have solutions that accommodate investors with less-than-perfect credit.
A DSCR loan evaluates the cash flow of an investment property rather than the borrower’s personal income. The Debt Service Coverage Ratio (DSCR) measures how well the property’s income covers the loan payments. This type of loan is ideal for real estate investors with rental properties.
Loan Application Process
The approval process depends on the loan type, but Ameristar Financial is known for fast approvals. Typically, loans can be approved within a few days to a week, with funding following shortly after. Fix and Flip loans and Bridge loans often have a faster approval time due to their short-term nature.
Required documentation varies by loan type, but typically includes:
- Details on the property (purchase price, renovation costs, etc.)
- Personal or business financial information (depending on the loan)
- Project plans for new construction loans
- Rental history for DSCR loans
Our team will guide you through the process and let you know exactly what is needed.
Yes, you can easily start your application online. We’ve streamlined our process to make it convenient for investors to apply and get funding quickly. Visit our Loan Application page to get started.
Loan Terms & Rates
Loan terms vary based on the type of loan:
- Fix and Flip Loans: Typically 6 to 18 months
- Bridge Loans: 6 to 24 months
- DSCR Loans: Up to 30 years
- New Construction Loans: 12 to 24 months
We offer flexible terms to meet your project’s specific needs.
Yes, many of our loan options, such as Fix and Flip loans, Bridge loans, and New Construction loans, offer interest-only payment options during the construction or renovation period to help keep your cash flow manageable.
Interest rates vary depending on the loan type, property, and market conditions. Our team will work with you to provide competitive rates based on your specific needs. Contact us for a personalized rate quote.
Property Eligibility
We provide loans for a wide range of properties, including:
- Single-family homes
- Multi-family units
- Mixed-use properties
- Commercial properties
- Rental properties
Whether you’re flipping a distressed home or developing a multi-unit complex, we have loan options that can fit your needs.
Yes, our Fix and Flip Loans and Bridge Loans are perfect for properties that need substantial renovations. We provide funding for both the purchase and the rehab costs, allowing you to focus on completing your project.
