Fix n Flip Loans | |
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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 |