5/6 Adjustable Rate
This is a 30 year amortization loan. The first 5 years the interest is fixed, after that it becomes adjustable once every 6 months.
7/6 Adjustable Rate
This is a 30 year amortization loan. The first 7 years the interest rate is fixed, after that it becomes adjustable once every 6 months.
30 Year Fixed
This is a 30 year amortization loan where the interest rate is fixed for the life of the loan & can be used for purchase or a cash out refinance
3/30 Lot Loan
The monthly payment is based off a 30 year amortization loan where the interest rate is fixed for 3 years after which 3 the full balance is due (balloon payment). Can be used for purchase or a cash out refinance
Next steps:
PLEASE READ BEFORE SIGNING AND SUBMITTING THIS APPLICATION
The undersigned(s) certifies the following in their capacity as a member, manager, and/or beneficial owner of the borrower entity applying for the loan:
I/We have authority as a member, manager, and/or beneficial owner of the borrower entity to apply for a loan from Volo Loans, LLC and sign contracts on behalf of the borrower entity.
I/We authorize Volo Loans, LLC to obtain a consumer credit report for each individual natural person that is a beneficial owner of the borrower entity and I/we understand that Volo Loans, LLC intends to use the credit report for the purposes of confirming the information I/we submitted on this application, verifying other credit information, and evaluating whether my/our income is eligible to support the loan applied for by the borrower entity.
I/We understand that in conjunction with the credit report(s) that Volo Loans, LLC may ask me/us to verify past and present employment earnings records, bank accounts, stockholdings, and any other assets balances that are needed to process this loan application.
I/We understand that the credit report obtained is to be used solely in the processing of this loan application and that this information may only be shared with other parties that have a direct connection with the processing of this loan application.
I/We understand that credit inquiries have the potential to impact my/our personal credit score.
In applying for the loan on behalf of the borrower entity:
I/We certify that all of the information I/we provided about myself/ourselves and the borrower entity as part of this application is true and complete.
I/We made no misrepresentations in this loan application, nor did I/we omit any pertinent information.