No Doc Program Flip Program

[Sean Richway]

The fix and flip guidelines are nationwide minus NV, MN, SD, ND, and VT. Just need the submission form attached.

• Up to 85/100/65

• No bank statements

• No sourcing of funds

• No tax returns or income verification

• No reserves required

• Gap allowed

• Wholesale up to 10-20% of contract price

• Stated Personal Financial Statement

• No liquidity minimums

• No max exposure

• Min FICO of 600

• Rates between 10-12%

• Prepaid interest of 6-9 months will apply

• Points between 2-4

• Min 3 flips in the last 36 months (We have a NEWBIE PROGRAM as well!)

• Min profitability applies (deal must show a profit)

• No refinance exit strategies

• 12 month term, free 3 month extension

• No Bankruptcies, Foreclosures, Tax Liens, or Criminal history

• No Pre Payment Penalty

We also have a no FICO fix and flip program only in the following states, AZ, CA, CO, FL, GA, HI, ID, NC, NV, OR, SC, TN, TX, UT, VA & WA. Up to 80% of purchase and 100% of rehab. 75% LTV CAP. Rates start at 9.99% and 3.5 points.