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Fix n Flip Loans

Fix n Flip Loans Product Overview

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

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HomeBuild Mortgage

HomeBuild Mortgage best for Fix and Flip loans . 1-4 Unit Non Owner Occupied Properties,Townhomes, Duplexes, Triplexes and Single Family Homes

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