(833) 510-4189If none of the above apply to you, you’re in position to supercharge your self-directed IRA through fractional ownership and non-recourse lending. Here are some of the green lights to look for:
Discover non-recourse loan rates and terms with a variety of options, ranging from 10 to 30 years, all offered at a fixed interest rate. Additionally, uncover the essential non-recourse loan requirements, including Loan-to-Value ratios, minimum loan amounts, and IRA Cash Balance stipulations, to help you make informed financial decisions.
10, 15, 25, 30 year terms
Fixed Interest Rate
LTV: 50%-70% (Appraisal Required)
Minimum Loan Amount: $50,000
Debt Obligation: 1.20% – 1.25%
IRA Cash Balance: 6 Months of P & I
Origination Fee: 1% of Loan Amount
Underwriting Fee: $485.00
Processing Fee: $410.00
* Plus standard closing costs: Lender title insurance, government transfer fees and recording costs, appraisal, flood certification, property insurance.
IRA Power Loans provides a versatile financing solution that accommodates a wide range of property types, ensuring flexibility and accessibility for borrowers. You can secure financing for diverse real estate, such as single-family detached homes, warrantable condos, Planned Unit Developments (PUDs), duplexes, 4-plexes, and even multi-family residences comprising five or more units, offering you a comprehensive array of options to meet your investment or homeownership needs.
Properties that are not eligible for non-recourse financing through IRA Power Loan are those situated on extensive residential acreages, undeveloped land, farms, manufactured or log homes, condos that don’t meet warrantable criteria, condo-hotels, housing cooperatives (co-ops), time shares, hotels, assisted living facilities designed for seniors, non-franchise restaurants, entertainment properties, and mini-storage facilities. Condominiums must have a minimum square footage of 750 per unit, whereas all other eligible properties must have at least 900 square feet per unit.
For non-recourse loan eligibility, condominiums must adhere to the following minimum requirements: The condominium project, inclusive of common areas, should be fully completed. In addition, at least 60% of the units should be sold, with 33% of all units in the building either owner-occupied or utilized as second homes, as opposed to being tenant-occupied. Condos failing to meet these established criteria are disqualified from the non-recourse program offered by IRA Power Loan.
If none of the above apply to you, you’re in position to supercharge your self-directed IRA through fractional ownership and non-recourse lending. Here are some of the green lights to look for:
Contact the team at IRA Power Loans to discuss your situation further and to start your process!
