Construction Loan
New Construction Loan
Program #LG751
New Construction Loan
Program #LG751
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 10% |
| Terms | 1 year, 18 month |
| Credit Score Min | 650 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
EXPERIENCE LEVEL:
Completed 0 Fix and Flips in the Last 3 Years
PURCHASE
LIGHT REHAB
MAXIMUM LOAN-TO-VALUE
Up to 85% of Purchase Price
+ 100% of Rehab Costs
MAXIMUM AFTER-REPAIR VALUE
Up to 70% of the ARV
PURCHASE
MODERATE REHAB
MAXIMUM LOAN-TO-VALUE
Up to 85% of Purchase Price
+ 100% of Rehab Costs
MAXIMUM AFTER-REPAIR VALUE
Up to 70% of the ARV PURCHASE
HEAVY REHAB
MAXIMUM LOAN-TO-VALUE
Up to 70% of Purchase Price
+ 100% of Rehab Costs
MAXIMUM AFTER-REPAIR VALUE
Up to 60% of the ARV
- Jonathan Gras
