Fix! Flip! Hold!
Terms & Fees
Rates Starting at 9.75%
2% origination fee
660+ Credit Score Preferred. 600+ at Lender Discretion
Up to 90% Acquisition LTV
Up to 100% LTV Rehab Budget
$75K - $3.5M Loan Amounts
1-4 Single-Family Homes, Condos, Townhomes
Monthly Payments Can Be Rolled into the Loan
Up to 24-Month Term Available
LLCs, LPs, and Corporations
24/7 Access to Draw Managements
Leverage Funds For Multiple Projects at Once
Loan Includes a Rehab Budget Which is 100% Funded
No Income, No Tax Returns, and No Reserves
No Asset Verification *restrictions apply
Delayed Purchase Financing
Nationwide Lending
Borrower Tiers
Tier 5
10+ flips/rentals of similar rehab
90% of purchase / 100% of renovation
Up to 90% LTC / 75% LTV
Tier 4
5-9 flips/rentals of similar rehab
90% of purchase / 100% of renovation
Up to 90% LTC / 75% LTV
Tier 3
3-4 flips/rentals of similar rehab
85% of purchase / 100% of renovation
Up to 85% LTC / 75% LTV
Tier 2
1-2 flips/rentals of similar rehab
80% of purchase / 100% of renovation
Up to 85% LTC / 70% LTV
Tier 1
No Experience
70% of purchase / 100% of renovation
100,000 MAX Rehab Budget
Real estate professional license (GC, agent/broker, property management, etc.) increases experience score to next level
If a GC with no previous flips, can get up to 80/100
If a Realtor with no previous flips, can get up to 75/100
FICO Requirements
Scenarios where we will take > 1 month IR:
600-620 FICO: 12 months IR
620-640 FICO: 9 months IR
640-660 FICO: 6 months IR
660-680 FICO: 3 months IR
If > 1 mortgage late in past 12 months: 12 months IR
Loans > $1,000,000: 680+ FICO
Rural Properties
Initial LTC subject to maximum of 65%
Experience Tier: Tier 3+ (new market not permitted)
FICO: 680+
Classification done via US Census data + underwriter discretion
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