Fee

Amount

Frequency

Description

Origination Fee

0% -8% of the target amount

One time

This is a one-time, non-refundable fee that will be deducted from the loan proceeds before they are delivered to the borrower.

Late Payment Fee

The greater of 10% of monthly past

 due amount or $15

Per occurrence

If a borrower fails to pay us the full amount of any monthly payment within 10 calendar days of the due date, we may charge a late fee in an amount equal to the greater of 10% of the past due amount or $15.

ACH Return or

 Check Refund Fee

$20

Per occurrence

We will charge this fee if bank transfers (ACH) or checks are returned or fail due to insufficient funds in your account or for any other reason. Each attempt to collect a payment is considered a separate transaction, so an unsuccessful payment fee will be assessed for each failed attempt. The bank that holds your designated account may assess its own fee in addition to the fee we assess.

Paper Copies

$10

Upon request

In the event that you withdraw your eSign consent and request paper copies of your records, we reserve the right to charge up to $10 (one time) for this request.