Email: gusagoldsmith@gmail.com
Phone: 502-585-5200 KY
Phone: 305-423-0433 FL

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Q&A’s

Have a question about Action Loan? The answer is probably below! Check out our list of frequently asked questions. If you don’t see your question addressed, please contact our office at 502-585-5200 and we’ll be happy to answer all of your questions.

How does the loan process work?

Please visit our How We Operate page and you’ll find our entire process—start to finish!

How quickly can I get my money?

Most loans close within five business days.

Do you accept free and clear real estate and/or vehicles in lieu of a down payment?

Yes we do. Please contact our office for more details.

Will my rate ever go up?

All loans are fixed rate mortgages, typically amortized over 30 years.

What costs are involved in closing my loan?

It all depends upon the location of your property, taxes, loan amount, etc. All these costs will be determined also by the closing title company we use.

Do I need to order an inspection of my property?

No. We will take care of that for you. You will pay for the inspection upfront.

Can you pay off my bills at closing?

Yes, we can disburse funds directly to credit card companies, lien holders, contractors, banks, or other parties. You HUD statement will list the source and distribution of all funds.

Do you report to the credit bureau?

Yes. We report to TransUnion. Read more about our relationship with TransUnion and how it affects your loan by clicking HERE.

Do you lend money for mobile homes?

No, at this time we do not lend money for mobile homes. However, we will lend money on mobile and/or manufactured housing that has been converted and is deeded with the land on which it sits.

Do you finance homes in rural areas?

Yes. We will close any deal that meets our basic credit, income, and equity requirements, whether it is rural, suburban, urban, commercial, etc.

Do you make construction loans?

Yes. We have closed many construction loans. We provide loans for renovations, spec houses, condominiums, apartments, land development, etc. Click HERE to learn more about our loan programs.