First Savings Bank - Trusted Lending Partner at LoanFactory

First Savings Bank

Address: 702 North Shore Drive, Jeffersonville, IN 47130

https://fsb-sbl.com/

Internal Reviews

(0 reviews)

Total loans closed with Loan Factory
18,482

Total loans closed with Loan Factory (past 12 months)
14,960

Lender overview

Basic information

QM Program

Conventional

HomeReady

Home Possible

FHA

FHA Streamline

VA IRRRL

USDA

Jumbo

HELOC

Loss Payee

N/A

CPL or Subordinate Clause

N/A

Lock policies & Fees

Lock Policies

Lock extension

N/A

Relock

N/A

Lock & Shop

Lender's niche & Overlays

Lender's Niche

Best Commercial Programs

*Borrower purchasing a building they are moving their business into and occupying at least 51% of the square footage. Can buy a lot, and build a building, buy a building and renovate or buy a building as is. 90% LTV 25 year loan

*Purchase a business- with real estate or lease 90% LTV

*Purchase a franchise- with real estate or lease 90% LTV

*Do a start-up 85% LTV

*Do an Expansion-Own a successful business and want to start a second location 90% LTV

*Partner buyout 90% LTV

* Can add:

Equipment- Vans, vechicles, trailers, large equipment
Inventory
Working Capital up to $ 250K

Debt refinance

Lender's overlays

Must be a for-profit deal. No "Not for profit"

Must be owner occupied.

No strip malls or apartment buildings

680 Fico

No bankruptcy or foreclosure in the past 5 years

Must have at least 2 years business tax returns

Lender turn time

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

N/A

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