General Guidelines
Purpose Provide funds to improve or rehab properties. (Purchase and refinance OK.)
Loans Amounts $75K - $2MM up to 75% of the ARV and 80% of ”as-is” value.
Initial Loans Amount 80% (Lower of purchase price or current value.)
Improvements Schedule of improvements required. (Inspection fees per draw apply.)
Term 1-year, interest only. 6 month extension at 1% in fee.
Credit Score 650 minimum (mid FICO).
Prepayment Premium None.
Rate Buydown 1-point fee = .375% rate reduction. (Maximum .75% rate reduction.) | Minimum Rate 8.99%.
Broker Fees Maximum is 5% of the loan amount, including broker fees.
Lender Fees 2% + underwriting fee of $999.
Underwriting Guidelines
Lending Nationwide, except for rural properties. Contact your loan officer for details.
Experience Proof of prior real estate investment or ownership. 70% maximum LTV for first-time investors.
Income Verification Simple documentation.
Down Payment Must be sourced.
Heavy Rebuild / Add-Ons Rehab proceeds >50% of loan amount case-by-case basis. No ground up construction
Appraisal Process Contact your Account Executive to learn about our streamlined process and cost.
Impounds None.
Foreign Investors 65% maximum LTV.

These descriptions are limited information and meant for general reference purposes.