Rehab Loan Application



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Rehab Program Guidelines:

Credit Score: Minimum of 680 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

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