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(800)865-9011

Straightline Funding

Rehab Loan
- LG342

Straightline Funding

Summary of all Guidelines

Loan Types Rehab Loan
Property Types 2-4 Units, Condo, SFR
Lendding Area alabama, florida, georgia, illinois, indiana, missouri, north-carolina, ohio, pennsylvania, south-carolina, tennessee, texas, virginia
Loan amount Minimum $50,000
Loan amount Maximum $450,000
Interest Rate Minimum 11%
Interest Rate Maximum 12%
Points Minimum 1st TD 1.5
Points Maximum 1st TD 2
Terms 1 year, 18 month
Typical Days Required to Fund 6-10 Business days
Credit Score Min 680
Interest Only or Amortized Interest Only
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
Intended Occupancy Tenant
General Pricing or Guideline info Rehab Loans for Investors •Lending for New and Experienced Investors •Direct Lender •Fast Answers and Efficient Closings •No Income Documentation Program Summary Straightline's Rehab Loan Program provides investors with fast approvals and closings. After closing we utilize a simple, flexible draw process to make sure your project stays on track. We look forward to working with you. All Levels of Investors Welcome •Rates: 11% to 12% •12 to 15 Month Terms •Interest Only Payments •Up to 90% of Purchase •Up to 75% of ARV •100% of Renovations Funded •Rehab Loans Available in metro areas of AL, FL, GA, IL, IN, MO, NC, OH, PA, SC, TN, TX & VA •1 to 4 Family Properties •No Tax Returns Required •No Prepayment Penalties •Simple Draw Process •680 Minimum Credit Score •7-10 Business Day Close •Fix to Flip or Fix to Rent
Updated as of 2023-11-16

Rehab Loanss for Investors
•Lending for New and Experienced Investors
•Direct Lender
•Fast Answers and Efficient Closings
•No Income Documentation

Program Summary
Straightline's Rehab Loans Program provides investors with fast approvals and closings. After closing we utilize a simple, flexible draw process to make sure your project stays on track. We look forward to working with you.
All Levels of Investors Welcome
•Rates: 11% to 12%
•12 to 15 Month Terms
•Interest Only Payments
•Up to 90% of Purchase
•Up to 75% of ARV
•100% of Renovations Funded
•Rehab Loanss Available in metro areas of AL, FL, GA, IL, IN, MO, NC, OH, PA, SC, TN, TX & VA
•1 to 4 Family Properties
•No Tax Returns Required
•No Prepayment Penalties
•Simple Draw Process
•680 Minimum Credit Score
•7-10 Business Day Close
•Fix to Flip or Fix to Rent

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