Financing Available-Up to $40,000

Utah Basement Company has teamed up with Eric Schwartz at Admirals Bank to provide financing for your basement finishing project.

Qualifications

For individual applicants:

  • Middle credit score of 650 or higher

For joint applicants: UTAH Basement Company Financing

  • Primary borrower middle credit score of 650 or higher
  • Debt-to-income ratio of 45% or lower (adjusted gross back-end)
  • Bankruptcies discharged 2 years or more
  • Second position lien shall be applied against the property

Documents Needed for Approval

  • Signed and dated Information Disclosure Authorization (IDA)
  • Past 2 years of W-2’s (each borrower)
  • Most recent pay stub (each borrower)
  • Recent mortgage statement
  • Signed letter of explanation for any derogatory credit
  • Proof of any open collections paid (if applicable)

To apply, just contact Eric at Admirals Bank here.