Welcome to Frequently Asked Questions

Application timeline
 
 
 
 
 
 

What does your $550 evaluation include?

 

 

1.  

Interior / Exterior Repair Report

a.  

Identify the current condition of the property

 

b.  

Identify the items that should be repaired in order to make it saleable in FHA condition

 

c.  

Identify the Estimated days to repair items listed.

 

d.  

Identify the market time price, 90 day sales price and average days on market for area

 

Sample Repair Report

 

2.  

Virtual Drive–By Report – Evaluator who does virtual drive by on the property. Walking the streets as well as a bird's eye view. Reviewing the area and comparable sold's. He will then analyze the reports and provide feedback on the property.

a.  

Rural/Agriculture

 

b.  

Near Commercial Corridor

 

c.  

Near Busy Street/Freeway/Highway

 

d.  

Less than 900 Square Feet

 

e.  

Less than 2 Bed

 

f.  

Single Family

 

g.  

Near or On Rail Road Tracks

 

h.  

Recreational or Cabin

 

i.  

Notes Section – Any suggestions for your property

 

j.  

Findings – Will identify whether you will be denied, need to provide 30% down or whether we suggest you move forward with the loan

 

Sample Virtual Drive Report

 

3.  

Repair Report

a.  

Unbiased opinion of the repairs needed on the home

 

b.  

Cost estimates for the work to be completed with Repairs and labor costs

 

c.  

Grand Total of all repairs costs needed

 

Sample Property Value Report

 

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We only fund investors. If you are a homeowner looking for financing we cannot help you!
 
ABOUT DHM
 
We use Echo Sign for the loan application process. It is a third party vendor that must guarantee the signature and secure it for up to a certain amount of money. They do maintain backups.

 

 
We are the lender so we approve the loan, do the loan docs, fund the loan, collections etc.

 

 
We are known for providing 100% financing to purchase a property. In addition we will fund 100% fo the rehab costs as established by the independent evaluators.  We also do not require any monthly payments for the initial term of the loan. We don`t care about credit scores of the borrower as well. We don`t require tax returns, financial statement or verification of assets. Our application process is very simple and fast to complete. We can also fund in 48 hours from the time we receive a complete packet. Our company was designed by Real estate investors for Real estate investors knowing the needs that real estate investors have. We are really the last of the true hard money lenders, lending solely on the value of the property rather than the strength of the borrower.

 

 
We are AAA rated with Better Business Bureau and have strived to maintain that standard every year. You can view that link on our website or at the following: https://www.bbb.org/online/consumer/cks.aspx?id=109032514553127 We have been in business for over 6 years and have established a great reputation with our clients. The most important thing for you as a borrower is To know that we have the capability of funding To know that we fund transactions on a regular basis That we can work through any problems that may arise We were lending during the worst real estate financial crisis of all time. We are one of the very few lenders that were successful during this time.

 

 
We have been in business for over 7 years and have not only survived the worst real estate crisis in the history of our country but we never stopped lending during the worst real estate market of all time. Most of our investors were profitable during this trying time and at a minimum they where able to break even. We want our investors to MAKE money and we want to lend on deals where we know that will happen.