Rehab Loan
Fix & Flip
Program #LG748
Fix & Flip
Program #LG748
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 9.25% |
| Terms | 1 year, 18 month |
| Credit Score Min | 650 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
Minimum After Repair Value:
$100k for Single-Family
$100k for 2-4 Family
EXPERIENCE LEVEL:
Completed 0 Fix and Flips in the Last 3 Years
PURCHASE
LIGHT REHAB
MAXIMUM LOAN-TO-VALUE
Up to 85% of Purchase Price
+ 100% of Rehab Costs
MAXIMUM AFTER-REPAIR VALUE
Up to 70% of the ARV
PURCHASE
MODERATE REHAB
MAXIMUM LOAN-TO-VALUE
Up to 85% of Purchase Price
+ 100% of Rehab Costs
MAXIMUM AFTER-REPAIR VALUE
Up to 70% of the ARV PURCHASE
HEAVY REHAB
MAXIMUM LOAN-TO-VALUE
Up to 70% of Purchase Price
+ 100% of Rehab Costs
MAXIMUM AFTER-REPAIR VALUE
Up to 60% of the ARV
Note: No church to SFR conversions
These descriptions are limited information and meant for general reference purposes.
- Jonathan Gras
