Rehab Loan
- LG123
- LG123
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,500,000 |
| Interest Rate Minimum | 9.75% |
| Interest Rate Maximum | 12% |
| Terms | 1 year, 18 month |
| Credit Score Min | 680 |
| Lien Position | 1st |
| General Pricing or Guideline info | - Minimum Loan Amount = $100,000 - Maximum Loan Amount = $2,500,000 - Minimum FICO = 680 - Rehab Cost > As-Is Value and Purchase Price is Ineligible - Ground Up New Construction is Ineligible - All Units Must be Non-Owner Occupied - Term: 12 months, add 0.50% origination fee for each additional 3 month period (maximum term 18 months) |
| Updated as of | 2022-01-01 |
| Program Code | LG123 |
- Minimum Loans Amount = $100,000
- Maximum Loans Amount = $2,500,000
- Minimum FICO = 680
- Rehab Cost > As-Is Value and Purchase Price is Ineligible
- Ground Up New Construction is Ineligible
- All Units Must be Non-Owner Occupied
- Term: 12 months, add 0.50% origination fee for each additional 3 month period (maximum term 18 months)
