Rehab Loan
Fix to Rent
Program #LG87
Fix to Rent
Program #LG87
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, north-dakota, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 7.5% |
| Interest Rate Maximum | 11.5% |
| Points Minimum 1st TD | 0.75 |
| Terms | 18 month, 1 year |
| Typical Days Required to Fund | 11-15 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Fees | Processing Fee |
| Extensions Available | Built-in |
| Cross Collateralize Blanket | No |
| Lien Position | 1st |
| Max Points Charge by Broker | 3 |
| Prepayment Penalty | No Prepayment Penalty |
| Fixed or Adjustable | Fixed |
| Recourse | Recourse and Non Recourse available |
| General Pricing or Guideline info | Fix-to-rent rehab loans are a 2 time close program – one for 13 or 19 months to purchase and renovate and then a refinance into a 30 yr. term loan. N-HOUSE SERVICING | INTERNAL VALUATIONS* | CONSTRUCTION MANAGEMENT ------- Experience Requirement Each entity must have at least one member with verified experience. If your borrower doesn’t meet that, they can add a mentor or partner on their first few projects. Definition of an Exit An exit is the sale or refinance of an investment residential property completed within the past 36 months. To qualify, the individual must have been on title, part of the entity on title, or the General Contractor (GC) on a verified ground-up build. Exit Counting Rules 1–9 unit properties: 1 exit per parcel 10+ unit properties: (Total units ÷ 2) = number of exits As General Contractor Rules Counted as 1/2 exit if not on title Ground Up or Flip Experience for relevant product (GC for GUC or Rehab for Flip) Subject project must be similar in scope to experience Must be verifiable by Certificate of Occupancy (CO) or Building Permits Flips or rehabs not on title do not count toward exits unless as GC Program Tiers Fix & Flip / BridgePlus Tier 2 = 1 exit Tier 3 = 3 exits Tier 4 = 6 exits Tier 5 = 12 exits |
| Updated as of | 2026-03-05 |
Fix-to-rent rehab loans are a 2 time close program – one for 13 or 19 months to purchase and renovate and then a refinance into a 30 yr. term loan.
N-HOUSE SERVICING | INTERNAL VALUATIONS* | CONSTRUCTION MANAGEMENT
-------
Experience Requirement
Each entity must have at least one member with verified experience.
If your borrower doesn’t meet that, they can add a mentor or partner on their first few projects.
Definition of an Exit
An exit is the sale or refinance of an investment residential property completed within the past 36 months.
To qualify, the individual must have been on title, part of the entity on title, or the General Contractor (GC) on a verified ground-up build.
Exit Counting Rules
1–9 unit properties: 1 exit per parcel
10+ unit properties: (Total units ÷ 2) = number of exits
As General Contractor Rules
Counted as 1/2 exit if not on title
Ground Up or Flip Experience for relevant product (GC for GUC or Rehab for Flip)
Subject project must be similar in scope to experience
Must be verifiable by Certificate of Occupancy (CO) or Building Permits
Flips or rehabs not on title do not count toward exits unless as GC
Program Tiers
Fix & Flip / BridgePlus
Tier 2 = 1 exit
Tier 3 = 3 exits
Tier 4 = 6 exits
Tier 5 = 12 exits
- Nicolai Lipscomb
Senior Loan Officer
