Fix & Flip Loans-Financing up to 85% of Purchase Price & 100% Construction

[Stacy Raskin]

As a mortgage broker, I work with different lenders that do Fix & Flip loans. The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income. 

Program highlights:

• -Any level of investor experience
• -Credit scores as low as 660
• -Non-owner occupied Single Family, Multi Family up to 4 units property types
• -Purchase Loan Amount – up to 85% of Cost
• -Construction Loan Amount – up to 100% of Cost
• -Total loan amount is up to 85% of the total cost (maximum after repair value LTV 70%)
• -12-month loan term with Interest Only payments. At the end of the 12 months, can either sell or refinance into a longer term fixed DSCR rental property loan. This can be done earlier as well if the property is ready before the 12 month term is up.
  -Decisions and term sheets are issued quickly. 

Loans offered in all U.S. states except for Arizona, Idaho, Iowa, Michigan, Minnesota, Nevada, North Dakota, Oregon, South Dakota and Utah. I look forward to hearing from you.