Rehab Loan Application
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.
Two years Tax Returns (both personal and business)
Three months Bank Statements (both personal and business)
Rehab Program Loan Application