Rehab Loan
Rehab up to 100% of purchase and Rehab, up to 70% ARV - LG100
Rehab up to 100% of purchase and Rehab, up to 70% ARV - LG100
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | alabama, california, colorado, connecticut, delaware, florida, georgia, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $1,000,000 |
| Points Minimum 1st TD | 2 |
| Terms | 6 month, 1 year, 18 month |
| Credit Score Min | 700 |
| Fees | Application |
| Documents needed | Application, Bank Statements - Business Account - 6 month, Bank Statements - Personal as well, Purchase Contract, Tax Returns - Personal - 2 years, Tax Returns - Business - 2 years |
| Reserve Requirement | 7 months |
| General Pricing or Guideline info | 100% PREMIER Home rehab loans for 100% of the purchase price & rehab costs, up to 70% ARV Competitive Rates • Super-Fast Funding This Fix-to-Flip loan is perfect for the flipper who has a good/excellent credit score of 620+, and verifiable income/cash flow. The unique benefit of this product is you can get a home rehab loan for 100% of the purchase price and rehab costs, up to 70% of ARV, keeping as much cash in your pocket as possible! Most other private lenders for real estate do not offer 100% financing home rehab loans. It’s one of the most unique private lending products for real estate around. FEATURES [] Term: 4, 8 or 12-month loan [] Loan Amount: $50k – $1M [] Points: As low as 2.0% [] One-time $250 application fee [] All cost paid outside of settlement BENEFITS [] Loan for 100% of purchase price and rehab funds, up to 70% of ARV [] As low as 620 minimum FICO [] No money down [] Competitive rates [] Interest-only payments [] Financing delivered in 14 days or less [] No prepayment penalty [] Ground Up options available |
| Updated as of | 2023-01-30 |
| Program Code | LG100 |
100% PREMIER
Home rehab loans for 100% of the purchase price & rehab costs, up to 70% ARV
Competitive Rates • Super-Fast Funding
This Fix-to-Flip loan is perfect for the flipper who has a good/excellent credit score of 620+, and verifiable income/cash flow. The unique benefit of this product is you can get a home rehab loan for 100% of the purchase price and rehab costs, up to 70% of ARV, keeping as much cash in your pocket as possible! Most other private lenders for real estate do not offer 100% financing home rehab loans. It’s one of the most unique private lending products for real estate around.
FEATURES
[] Term: 4, 8 or 12-month loan
[] Loans Amount: $50k – $1M
[] Points: As low as 2.0%
[] One-time $250 application fee
[] All cost paid outside of settlement
BENEFITS
[] Loans for 100% of purchase price and rehab funds, up to 70% of ARV
[] As low as 620 minimum FICO
[] No money down
[] Competitive rates
[] Interest-only payments
[] Financing delivered in 14 days or less
[] No prepayment penalty
[] Ground Up options available
