How fast can I get a business loan?

With Slate Financial, many business loans fund in as little as 24 hours. MCAs and lines of credit can fund same-day. Term loans typically fund in 24-72 hours. Real estate loans range from 5 days to 4 weeks depending on the product.

Can I get a business loan with bad credit?

Yes. Products like MCAs, MCA Bailouts, and Lines of Credit are primarily based on your business revenue, not your personal credit score. If your business generates consistent monthly revenue ($10K+/month), you likely qualify for funding.

What types of business loans does Slate Financial offer?

Slate Financial offers 14 loan products including Term Loans, Lines of Credit, Merchant Cash Advances, MCA Bailout, 0% Interest Business Credit Cards, Equipment Financing, Purchase Order Factoring, Commercial Real Estate Loans, Residential Mortgages, DSCR Loans, Fix and Flip Loans, Ground-Up Construction Loans, Mergers & Acquisitions Financing, and Form 1003 Mortgage Applications.

Does applying for a business loan affect my credit score?

No. Slate Financial's initial application uses a soft inquiry that does NOT impact your credit score. A hard pull is only done after you've reviewed and accepted a specific offer from a lender.

A DSCR (Debt Service Coverage Ratio) loan allows real estate investors to qualify based on the property's rental income rather than personal income. If the property's rent covers the mortgage payment, you can qualify without providing pay stubs, W-2s, or tax returns.

What is the difference between a pre-qualification and a pre-approval?

A pre-qualification is an informal estimate of how much you might be able to borrow based on self-reported information. A pre-approval is a formal process where the lender verifies your income, assets, employment, and credit to issue a conditional commitment for a specific loan amount. Sellers and real estate agents strongly prefer pre-approvals because they demonstrate you are a serious, qualified buyer.

Should I choose a fixed-rate or adjustable-rate mortgage?

A fixed-rate mortgage offers payment stability since your rate and payment never change. An adjustable-rate mortgage (ARM) typically starts with a lower rate that adjusts periodically after an initial fixed period (usually 5 or 7 years). Choose a fixed rate if you plan to stay in the home long-term. An ARM may save money if you plan to sell or refinance within the initial fixed period.

How much do I need for a down payment?

It depends on the loan program. VA and USDA loans offer zero-down financing for eligible borrowers. Conventional loans require as little as 3% down, and FHA loans require 3.5%. However, putting down 20% or more eliminates the need for private mortgage insurance and can result in a lower interest rate. Your down payment amount is one of the biggest factors in determining your monthly payment.

Can I get a mortgage if I am self-employed?

Yes. Self-employed borrowers qualify for all the same mortgage programs as W-2 employees. The key difference is that lenders use your tax returns (typically the last 2 years) to calculate income rather than pay stubs. If you write off significant business expenses, your qualifying income may be lower than your gross revenue. We also offer bank statement loan programs for self-employed borrowers who prefer not to use tax returns.

Back to all products

Residential Mortgages

Primary residence, second home, and investment property financing across all 50 states.

LOAN RANGE

$100K – $10M

TURNAROUND

21–30 days

Best for homebuyers and homeowners looking for purchase financing or refinancing options with competitive rates and access to all major loan programs across all 50 states.

About Residential Mortgages

Residential mortgage financing helps individuals and families purchase or refinance homes across all 50 states. Available for primary residences, second homes, and investment properties, Slate Financial offers the full range of mortgage products including Conventional, FHA, VA, USDA, and Jumbo loans to meet the needs of first-time homebuyers, move-up buyers, and real estate investors alike.

Each mortgage type is designed for different borrower profiles and property scenarios. Conventional loans offer competitive rates for borrowers with strong credit and a down payment of at least 3% to 20%. FHA loans provide lower down payment options (as low as 3.5%) and more flexible credit requirements. VA loans offer zero-down financing for eligible veterans and active military members. Jumbo loans cover loan amounts that exceed conforming limits for luxury or high-cost-area properties.

Slate Financial works with a wide network of wholesale lenders and banks, giving us access to competitive rates across all product types. Our loan officers guide you through the entire process from pre-approval through closing, handling the paperwork, appraisal coordination, and communication with title companies, real estate agents, and insurance providers so you can focus on finding the right home.

How It Works

1Begin with a pre-approval application where we verify your income, assets, credit, and employment to determine your maximum purchase price and loan amount.
2Once pre-approved, you receive a pre-approval letter that strengthens your offers when shopping for a home. If refinancing, we move directly to the next step.
3After you have a signed purchase contract (or initiate a refinance), we lock your interest rate and submit your full loan file to underwriting for review.
4The lender orders an appraisal to confirm the property value, and the underwriting team reviews all documentation. Any conditions are addressed during this phase.
5Once all conditions are satisfied, your loan receives a 'clear to close' and you attend the closing to sign final documents. Funds are disbursed, and the property is yours.

Who Qualifies

Minimum credit score of 580 for FHA loans, 620 for Conventional, or no minimum for VA (lender overlays may apply)
Stable employment history of at least 2 years (gaps must be explained and documented)
Debt-to-income ratio generally below 43% to 50% depending on loan program and compensating factors
Down payment of 0% (VA/USDA), 3% (Conventional), or 3.5% (FHA) depending on the program
U.S. citizenship, permanent residency, or eligible non-permanent resident status
Property must be a 1-4 unit residential dwelling and meet the loan program's condition and appraisal requirements

Typical Terms

Loan Amount	$100,000 - $10,000,000
Interest Rate	Varies by market, credit, and loan type
Loan Term	15 or 30 years (fixed or adjustable)
Down Payment	0% - 20% depending on program
Closing Costs	2% - 5% of loan amount
Time to Close	21 - 45 days

Pros & Cons

Advantages

+Multiple loan programs available to match almost any borrower profile and property type

+Fixed-rate options provide payment stability for 15 to 30 years

+Mortgage interest may be tax-deductible, reducing the effective cost of homeownership

+Low down payment options (0-3.5%) make homeownership accessible without large cash reserves

Considerations

-The closing process can take 21 to 45 days from application to funding

-Mortgage insurance is required for Conventional loans with less than 20% down and all FHA loans

-Strict appraisal requirements can cause delays or issues if the property does not appraise at the purchase price

-Documentation requirements are extensive, including tax returns, pay stubs, bank statements, and employment verification

Ready to Apply for Residential Mortgages?

Fill out the application below and a funding advisor will reach out within 1 business day.

Application Form

All fields marked * are required. Your information is encrypted and secure.

Loan Details

Loan Purpose *

Property Type *

Occupancy *

Property Address

Property State *

Purchase Price / Estimated Value *

Loan Amount Requested *

Loan Type Preferred *

Borrower Info

Borrower Full Name *

Email *

Phone *

Employment Status *

Annual Gross Income *

Estimated Credit Score *

How did you hear about us?

Document Upload

After submission, your advisor will send a secure upload link for required documents.

Credit Authorization

By checking the box below, I authorize Slate Financial and its designated partners to pull credit reports for the purpose of evaluating this funding application. I understand that:

A soft inquiry will be conducted on my personal credit (this will not impact my personal credit score)
A hard inquiry will be conducted on my business credit (this may be reflected on my business credit report)
These inquiries are used solely to assess eligibility for business funding products
My information will be kept confidential and used only for this application

I authorize Slate Financial to perform a soft pull on my personal credit and a hard pull on my business credit

🔒 256-bit SSL encrypted · Your data is never sold

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Program Highlights

All 50 states

Conventional, FHA, VA, Jumbo

Primary, secondary & investment

Competitive rates

Required Documents

Have these ready to speed up your approval:

📄Government-issued photo ID

📄Social Security card

📄Last 2 years W-2s or 1099s

📄Last 2 years federal tax returns (all pages)

📄Last 30 days pay stubs

📄Business tax returns (if self-employed, 2 years)

📄Last 3 months bank statements (all accounts, all pages)

📄Last 3 months investment/retirement statements

📄Purchase contract (if purchase)

📄Current mortgage statement (if refinance)

📄Property insurance quote

📄12 months rent payment verification (if renting)

📄Landlord contact information

Typical Timeline

21–30 days

Timeline begins after all required documents are received and verified.

Need Help?

Talk to a funding advisor

📞 (843) 290-8928

Residential Mortgages

About Residential Mortgages

How It Works

Who Qualifies

Typical Terms

Pros & Cons

Ready to Apply for Residential Mortgages?

Application Form

Loan Details

Borrower Info

Credit Authorization

Program Highlights

Required Documents

Typical Timeline

Frequently Asked Questions

Application Form

Loan Details

Borrower Info

Credit Authorization