Rehab Loan
Fix and Flip Loan
Program #LG114
Fix and Flip Loan
Program #LG114
![Rehablend](https://lendding.com/wp-content/uploads/2024/09/2087398000029629001_accounts_photo-150x82.png)
Summary of all Guidelines | |
Loan Types | Rehab Loan |
Property Types | 2-4 Units, Condo, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $125,000 |
Loan amount Maximum | $5,000,000 |
Interest Rate Minimum | 8.25% |
Interest Rate Maximum | 10.25% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 2 |
Terms | 1 year, 18 month, 30 year |
Typical Days Required to Fund | 20-30 Business days |
Credit Score Min | 620 |
Interest Only or Amortized | Interest Only |
Fees | Legal Review |
Lien Position | 1st |
General Pricing or Guideline info | - Interest Rate: 8.25%+ Long-Term, 10.25%+ Bridge. - Origination Fee: 1 to 1.5 Pts Long-Term, 1.5 to 2 Pts Bridge. - Time to Close: 2 to 3 Weeks. - Acceptable Markets: Nationwide Urban and Suburban. - Minimum Personal FICO Score: 620 Bridge, 680 Long-Term. - Minimum Experience: We Lend to First-timers. - Acceptable Property Types: 1-4 Family, Multifamily, Condos, PUDs. |
Updated as of | 2023-10-23 |
- Interest Rate: 8.25%+ Long-Term, 10.25%+ Bridge.
- Origination Fee: 1 to 1.5 Pts Long-Term, 1.5 to 2 Pts Bridge.
- Time to Close: 2 to 3 Weeks.
- Acceptable Markets: Nationwide Urban and Suburban.
- Minimum Personal FICO Score: 620 Bridge, 680 Long-Term.
- Minimum Experience: We Lend to First-timers.
- Acceptable Property Types: 1-4 Family, Multifamily, Condos, PUDs.
- Brad Sharp
Senior Loan Officer