chesapeake bay mortgage corporation

Investor and primary residence portfolio rehab lending • Government loan programs

Request to become a Lender Partner

Our Mission

Your Path to Tailored Mortgage Solutions and Lasting Partnerships

Our responsibility, as mortgage professionals, is to determine our customer’s financial goals and provide a loan product to accomplish their goals. We are committed to providing outstanding mortgage solutions and creating lifelong relationships.

OUR BELIEF

Transparent, Accountable Teamwork for Your Needs

Your needs are always first..period! Our values are centered on effective, proactive and respectful communication that fosters teamwork, transparency and accountability to our clients.

Hard Money Loan Calculator

Calculating a hard money loan can seem quite daunting. However, it can be relatively easy with the correct information and awareness of the formula. The formula requires you to consider the purchase price and loan-to-value (LTV) ratio. It also includes the interest rate of the loan as well as the loan term. Knowing these factors and how they work together with the LTV will allow you to calculate a hard money loan more accurately.

Project Underwriting Request

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Assumed Value (ARV)

Underwriting Breakdown

LTV (%) - Check Rate Sheet For Current LTV % - The Value Below Should Be 1-100 - Please Check

Current Rate Sheet

Max Total Loan Amount

Purchase Price

Transfer/Recording Taxes - Estimated By You

Title Costs - Estimated By You

Property Tax (6 Months Taxes) - Estimated By You

Insurance (6 Months) - Estimated By You

Commitment Fee % - Check Rate Sheet For Current Commitment Fee %

Current Rate Sheet

Total Commitment Fee - (Loan Amount * Commitment Fee %)

Total Closing Costs

Interest Rate % - Check Rate Sheet For Current Rates

Current Rate Sheet

6 Month Interest Escrow (Loan Amount * Interest Rate % / 2)

Draws: Inspection/Wire - $250.00 / Draw

Renov. Escrow

Total Cost

EMD

Estimated Cash Due At Settlement

**No cash back allowed at closing. A positive value means cash to close and a negative means $0.00 at closing.**

Project Profitability Breakdown

Sale Price

Sales Commission

Miscellaneous Fees - Estimated By You

Sales Concession - Estimated By You

Gross Profit

Contact and Subject Property Information

Full Name

Company Name

Phone Number

Email Address

Property Address

Loan Program Request

loan options

Rural Housing Loan

203k Loan

Home Style Loan

Jumbo Loan

6 Month Purchase & Rehab Program

VA Loans

FHA Loans

80/15/5 Loans

Reverse Mortgages

Bridge Loans

Conventional + 95 Combined Loans

Get more information today

410-262-3776