Question 1

DOES ACQUA FUNDING REQUIRE EXPERIENCE?

Accepted Answer

No, Acqua does not require any previous real estate experience for bridge/rental loan qualification. This includes ground up!

Question 2

WHAT IS THE MINIMUM FICO SCORE AT ACQUA FUNDING?

Accepted Answer

Acqua has a minimum FICO requirement of 670 for rental loans and 670 for bridge loans.

Question 3

WHAT IS ACQUA FUNDING'S MINIMUM LOAN SIZE?

Accepted Answer

Acqua's minimum fix and flip loan size is 75,000. Minimum rental loan size is 75,000. Minimum rental loan asset value is 100,000. Minimum 50k purchase price for bridge loans.

Question 4

DOES ACQUA FUNDING PROVIDE RENTAL LOANS?

Accepted Answer

Yes, Acqua Funding provides rental loans for 1-4 unit assets. Purchase and or refinances are available. Both rate and term as well as cashout. Acqua lends up to 80% on qualifying rate & term refinances and does not require a lease for 75% cashout.

Question 5

DOES ACQUA FUNDING PROVIDE COMMERCIAL FINANCING?

Accepted Answer

No, Acqua Funding does not provide commercial financing in any capacity.

Question 6

DOES ACQUA FUNDING PROVIDE RURAL FINANCING?

Accepted Answer

Yes, Acqua Funding does provide rural, rental loan financing in some cases. This is done on a case by case basis.

Question 7

DOES ACQUA FUNDING LEND ON MULTIFAMILY ASSETS?

Accepted Answer

No, Acqua only lends on 1-4 unit residential properties.

Question 8

DOES ACQUA FUNDING LEND TO FOREIGN NATIONALS?

Accepted Answer

Yes, Acqua Funding can lend to foreign nationals if they have a work visa or green card.

Question 9

WHO IS ACQUA FUNDING?

Accepted Answer

Acqua Funding is a leading 1-4 unit residential direct lender & consulting agency that is focused on creating strong partnerships with real estate investors and efficiently delivering scalable financing solutions.

Acqua lends on non-owner occupied, 1-4 unit residential investment purpose loans only. At Acqua, there is no ego, just fluid funding.

Question 10

IS ACQUA FUNDING A DIRECT LENDER?

Accepted Answer

Yes, Acqua Funding has a whole arsenal of direct lending products. We have the ability to do bridge, rental, and ground up loans in house.  1-4 unit only.

We have partnered with a large, institutional REIT, to assist us with deploying our capital.

This partnership allows Acqua Funding to boast a price beat guaranteed for any lender in our space.

Question 11

DOES ACQUA FUNDING REALLY HAVE A PRICE BEAT GUARANTEED?

Accepted Answer

Yes, Acqua Funding is willing to outcompete any lender in the non-QM space on pricing so long as the deal/sponsor qualifies to their guidelines.

Acqua Funding's recent financing partnership with a large, institutional REIT has allowed Acqua to confidently out-price anybody in their market.

Question 12

DOES ACQUA WORK WITH MORTGAGE BROKERS?

Accepted Answer

No, Acqua Funding does NOT work with mortgage brokers of any type at this time.

Question 13

DOES ACQUA FUNDING REQUIRE HARD CREDIT PULLS?

Accepted Answer

Very rarely will Acqua ever need a hard pull on credit for bridge loans. They will never require a hard pull for long term loans.

Question 14

HOW DOES ACQUA FUNDING GIVE FIRST TIME FLIPPERS 90% OF PURCHASE + 100% OF CONSTRUCTION?

Accepted Answer

Acqua Funding's Premium 1st Time Flipper program allows for up to 90% of purchase + 100% rehab, so long as the borrower qualifies via a high-quality credit profile.

Our dedicated staff will run a preliminary approval for any loan scenario to let you know if you qualify for this program. We firmly believe that high credit is a sign of a wealthy individual.

Question 15

WHAT IS THE DIFFERENCE BETWEEN THE "STANDARD PROGRAM" AND THE "PREMIUM PROGRAM?"

Accepted Answer

The "Standard Program" is geared towards investors with FICO 660-700. The "Premium Program" is geared towards investors with FICO 700+, generally speaking.

Question 16

WHERE DOES ACQUA FUNDING LEND?

Accepted Answer

Acqua Funding funds nationwide with the exception of just a few states. Our in house program provides loans in all states except North Dakota, Nevada, South Dakota, and Vermont.

Question 17

WHAT IS THE ACQUA FUNDING PROGRAM PLACEMENT PRE-APPROVAL?

Accepted Answer

Acqua Funding's processing team will run a preliminary credit review(soft pull) which allows you to know which funding program you will be placed in once you start your investment journey.

This is the easiest way to have 100% confidence going into your first deal, whether that be a fix and flip or a rental.

Frequently Asked Questions