Visio Lending Reviews

Learn more about the hard money lender Visio Lending. Includes information on loans, features, and frequently asked questions.

Updated on November 4th, 2019

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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

Visio Lending
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:

Founder

Jeff Ball

Founded

2012

CEO

Jeff Ball

Headquarters

Austin, TX

Contact Number

1 (888) 521-0353

Website

www.visiolending.com

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.