Has anyone seen fix and flip programs better than 8% with 2 points, with very good credit score, decent cash reserve and some experience?
If so, please share with the class.
All the programs I am seeing are in the same ballpark on LTV.
Yea you would be unlikely to see rates better than that at the current cycle.
Once you've got the right relationships you can perhaps secure a line of credit or private money loans from a money investor at rates bettwr than that, but that typically requires a good track record of 10+ successful flips and/or a personal relationship with someone with those kinds of means.
Sure. 10% and no points, no payments until balloon, and no other fees is typical for me, of course such programs are not available with hard money lenders!