Rehab Loan Application

Rehab Loan Application

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Rehab Program Guidelines:

Credit Score: Minimum of 640 to qualify.

PROPERTY TYPE: Residential home 1 - 4 Family, non-owner occupied small apartment; condo conversions on a case-by-case basis.

LIEN POSITION: First mortgage only.

LINE TERM: 12 months renewable thereafter with limited credit review.

LOAN TERM: 6 months, extend able for up to 13 months.

LTV: Up to 75% of After-Repaired Value.

RENOVATION FUNDS: 100% of renovation funds are typically advanced in 1 to 4 draws. Once inspector certifies work is done, funds are wired within 24 hours directly to the investor�s account.

PRICING OPTIONS: We have various pricing options based upon experience, financial condition and projected loan volume.

INTEREST PAYMENTS: No payments for 6 months.

QUALIFYING DOCUMENTATION:
Two years Tax Returns (both personal and business)
Three months Bank Statements (both personal and business)

Rehab Program Loan Application

Rehab Application
Please note that all fields followed by an asterisk must be filled in.
First Name* First Name*
Last Name* Last Name*
E-mail Address* E-mail Address*
Street Address* Street Address*
City* City*
State/Prov* State/Prov*
Zip/Postal Code* Zip/Postal Code*
Home Phone* Home Phone*
Credit Score* Credit Score*
Do you have any rehab experience?* Do you have any rehab experience?*
If yes number of years
# of properties in past year
Do you have a Deal Right Now?* Do you have a Deal Right Now?*
If yes Closing Deadline?
Subject Property Address
Currently Lending in these state* Currently Lending in these state*
Property Type
Purchase Price
Rehab Cost (if any)
After-Repair Value
Cash & Liqid Assets
Do you own your own Home* Do you own your own Home*
Do you currently have a HELOC* Do you currently have a HELOC*
If yes How much available
Own additional properties?* Own additional properties?*
If yes How Many?
Equity Available?
Revolving or Credit Card debt* Revolving or Credit Card debt*
If Yes, how much?
Employment Status* Employment Status*
Annual Income* Annual Income*
Please enter the word that you see below.

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