Rehab Loan
Fix & Flip - LG420
Fix & Flip - LG420
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $50,000,000 |
| Interest Rate Minimum | 8.75% |
| Interest Rate Maximum | 15% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 3 |
| Terms | 18 month |
| Typical Days Required to Fund | 11-15 Business days |
| Credit Score Min | 620 |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st |
| Max Points Charge by Broker | 3.5 |
| Intended Occupancy | Tenant, Vacant |
| Fixed or Adjustable | Fixed |
| Reserve Requirement | 3 months |
| Updated as of | 2024-01-16 |
| Program Code | LG420 |
These descriptions are limited information and meant for general reference purposes.
