Visio Lending Reviews
Learn more about the hard money lender Visio Lending. Includes information on loans, features, and frequently asked questions.
Updated on October 5th, 2021
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Visio Lending is a hard money lender that offers a variety of loans, including loans for permanent rentals, transitional rentals, and vacation rentals. Visio Lending aims to expand the single-family rental eco-system of investors, tenants, and service providers.
Fees:
Visio Lending calculates fees and terms on each individual loan, depending on the loaner's credit score, Debt Service Coverage Ratio (DSCR), and Loan-to-Value (LTV).
Loan Details:
Origination Fees | 1.5 - 2.5% |
Interest Rate | 6 - 12.5% |
Closing Costs | 2 - 5% |
Terms | 2 - 30 years |
Minimum Property Value | $75,000 |
Review:
Pros: Loan terms are long, do not require income verification or tax returns.
Cons: Loans only available for rent ready residential properties, loans not available for owner-occupiers.
Bottomline: Visio Lending offers fast, dependable mortgage financing with bank rates on private terms.
Key Information:
Legal Name | Visio Lending |
Founder | Jeff Ball |
Founding Date | Mar 01, 2011 |
Address | 1905 Kramer Lane, Ste. B700 Austin, TX 78758 United States |
Number of Employees | 125 |
Number of Customers | 6000 |
Telephone | |
Website |
FAQs:
What documents does Visio Lending require to apply for a loan?
To apply for a Visio loan, you will need the following documents.
- Two forms of ID.
- At least two credit scores and a tri-merged credit report.
- Appropriate insurance.
- A title policy.
- The down payment and a voided check.
- An executed copy of the lease, if the property is occupied.
- Your last two months' bank statements.
What are Visio Lending's minimum credit requirements?
Visio Lending requires a minimum credit score of 660. Check their website for a full list of their credit requirements.
How long will it take before I get my loan?
Visio Lending typically closes within 21 days and they generally fund loans within 24 hours of closing for purchases and within 48 hours of closing for refinances.