| Fix n Flip Loans | |
|---|---|
| Type of Collateral | 1-4 Unit Non Owner Occupied Properties, Condos, Townhomes, Duplexes, Triplexes and Single Family Homes |
| LTV | . New Investor - Up to 80% LTV of the Purchase 100% of the Rehab . Intermediate Investor - Up to 85% LTV of the Purchase 100% of the Rehab . Experienced Investor - Up to 90% LTV of the Purchase 100% of the Rehab |
| Rate | Experienced investors 8-10% New Investors 11%-13% |
| Points | HomeBuild Mortgage Fee 1 Point Lender Fee 1-4 points |
| Term Length | 12 Month Terms Extensions available if needed |
| Loan Amounts | 50K - 5 million |
| Borrower Experience Level | . New Investor 0-2 Flips or Rentals within the last 3 years . Intermediate Investor 3-10 Flips or Rentals within the last 3 years . Experienced Investor 10+ Flips or Rentals within the last 3 years |
| Borrower Credit Score | 660 Preferred - Sub 660 Credit may require Higher Down payments |
