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Nationwide Mortgage

Rehab Loan
- LG427

Nationwide Mortgage

Summary of all Guidelines

Loan Types Rehab Loan
Property Types 2-4 Units, Condo, SFR
Lendding Area arizona, california, colorado, connecticut, delaware, florida, georgia, kansas, maryland, massachusetts, missouri, new-jersey, north-carolina, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, west-virginia
Loan amount Minimum $85,000
Interest Rate Minimum 8.5%
Interest Rate Maximum 13.5%
Points Maximum 1st TD 2.5
Terms 1 year, 18 month
Typical Days Required to Fund 11-15 Business days
Credit Score Min 680
Interest Only or Amortized Interest Only
Fees Underwriting
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Taking Title Personally not permitted
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
Documents needed Application, Appraisal, Bank Statements, Bank Statements - Business Account - 3 month, Credit Report, Driver's license, Entity documents for LLC, Corp or Trust, Purchase Contract
Intended Occupancy Vacant, Tenant, Non-owner occupied
Fixed or Adjustable Fixed
Recourse Recourse
Reserve Requirement None
Updated as of 2024-01-17
These descriptions are limited information and meant for general reference purposes.