Rates for fix and flip programs

2 Replies

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.

@Eric M.

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!