Veristone Capital’s auction loan program is available to investment buyers looking to purchase property at the foreclosure auction.
Due to the full up-front cash payment requirement at the time of auction purchase, Veristone Capital provides auction financing with low cash contribution requirements to help buyers acquire property.
- Minimum 15% Cash Contribution
- Pre-Qualified by a Veristone Capital Preferred Lender
- No Minimum FICO Required
- Individual(s) and Business Entities are Eligible to Apply
Standard Investment Loan Terms line up with Loan Parameters:
- 2-4% Origination Fee
- 12% Interest Rates, Interest Only Payments
- $600.00 Administrative Fee
- 6 Month Loan Terms
- 1% Extension Fee for 2 Additional Months
- Loan credit on origination fees may apply
Veristone Capital offers four auction loan products. Our Same-Day Loan requires borrowers to repay the full principal balance of the winning bid amount by 4pm on Friday of the auction plus a 1/2% fee or $1,000, whatever is greater.
If you are interested in a specific property, please submit an Auction Loan Request and a Veristone Capital Representative will follow up with you within 24 hours.