Fix and Flip Loan

Fix And Flip Loan

CRITERIA	LOAN DETAILS
CREDIT	As low as 620
DOWN PAYMENT	20% - 30%
OCCUPANCY	Investment Only
TERMS	12-24 Months initial term. IO (interest Only) or ARM
TRANSACTIONS	Purchase, Refinance Rate & Term, or Refinance Cash-Out
ELIGIBLE PROPERTIES	SFR, Condos, and 1-4 Units
MINIMUM LOAN AMOUNT	$100k
MAXIMUM LOAN AMOUNT	$2.5 Million
MAXIMUM LOAN TO COST	Up to 90% of the Purchise Price
MAXIMUM ARV	Up to 75%
LTV
APPRAISAL REQUIRED	Yes
BANK STATEMENTS	6, 12, or 24 Month Bank Statement
CLOSING TIME	30 DAYS
EMPLOYMENT	No Tax Returns Required
RESERVES	6 Months
PRE-PAYMENT PENALTY	None
HOUSING HISTORY	IRS Tax liens must be cleared prior to closing. No financial crime history
GIFT FUNDS	Allowed for down payment or closing
ELIGIBLE BORROWERS	Not Required
BANKRUPTCY	Must be over 2 Years old
FORECLOSURE	Must be over 2 Years old
VESTING	LLC, Partnership, Corporation, Trust, or Individual
REAL ESTATE PORTFOLIO EXPERIENCE	Required
NOTES	Rehab Budget Required

CRITERIA	LOAN DETAILS
CREDIT	As low as 620
DOWN PAYMENT	20% - 30%
OCCUPANCY	Investment Only
TERMS	12-24 Months initial term. IO (interest Only) or ARM
TRANSACTIONS	Purchase, Refinance Rate & Term, or Refinance Cash-Out
ELIGIBLE PROPERTIES	SFR, Condos, and 1-4 Units
MINIMUM LOAN AMOUNT	$100k
MAXIMUM LOAN AMOUNT	$2.5 Million
MAXIMUM LOAN TO COST	Up to 90% of the Purchise Price
MAXIMUM ARV	Up to 75%
LTV
APPRAISAL REQUIRED	Yes
BANK STATEMENTS	6, 12, or 24 Month Bank Statement
CLOSING TIME	30 DAYS
EMPLOYMENT	No Tax Returns Required
RESERVES	6 Months
PRE-PAYMENT PENALTY	None
HOUSING HISTORY	IRS Tax liens must be cleared prior to closing. No financial crime history
GIFT FUNDS	Allowed for down payment or closing
ELIGIBLE BORROWERS	Not Required
BANKRUPTCY	Must be over 2 Years old
FORECLOSURE	Must be over 2 Years old
VESTING	LLC, Partnership, Corporation, Trust, or Individual
REAL ESTATE PORTFOLIO EXPERIENCE	Required
NOTES	Rehab Budget Required