Fix & Flip Loans
Fix and Flip loans are our specialty! We quickly evaluate and underwrite rehab loans to allow you to seamlessly purchase and renovate your next flip.
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Program Overview
| Purchase | Refinance | Cash-Out Refinance | |
|---|---|---|---|
| Eligible Properties | SFR, Condo, Townhome, 2-4 Unit | ||
| Loan Amount | $200K-$12.5M+ per property Higher Amounts by Exception | ||
| Terms | 12-18 Months Extensions available | ||
| Rate | 9.99%+ | ||
| Maximum LTV | 90% LTV <$1M 80% LTV $500K-$3M 60-75% LTV $30M+ |
60-65% LTV <$3M 40-60% $3M+ |
55-65% LTV <$3M 35-55% $3M+ |
| LTC Rehab | 100% LTC | ||
| ARV Limit | 70-75% ARV | 60-65% ARV | 50-60% ARV | Interest Reserves | Not Required | 3-6 Months | 3-6 Months | Minimum FICO | 650+ Mid Score 600-649 by exception |
| Foreign Nationals | Eligible | ||