%20(14).png)
Loan Program Overview
The fix and flip loan program is a great way for real estate investors to generate more income. This program requires no personal income verification and no employment verification. We finance both the acquisition and the renovation costs of the project. Simply bring your initial closing costs and we'll fund the rest including reimbursing you for the renovation costs.
9%
ARV's UP TO
70%
LTC UP TO
85%
MIN. LOAN AMOUNT
$75,000
RATES START AT*
Fix & Flip Program Highlights
-
Min. Loan Amount: $75,000
-
Term Length: 6 - 19 Months
-
Max LTV: Up to 85%
-
Max LTC: Up to 85%
-
Amortization: Interest Only
-
Interest Rate: Starting at 9.00%*
-
Loan Use: Purchase, refinance, cash-out, construction, renovation
-
Income Verification: Not required
-
Employment Verification: Not required
-
Min. Credit Score Requirement: 575
-
Experience Needed: None
Take the first step. Get pre-approved.
A pre-approval letter indicates the borrower's income, assets, and credit have all been verified and will provide assurance to the seller of the borrower's ability to obtain a mortgage.
Once all documents are received, we will review them and determine an approvable purchase price and down-payment, as well as, the various loan programs available to the borrower.
*Rate Disclaimer
All loans are subject to credit approval. Interest rates are subject to change daily and without notice. Current interest rates shown are indicative of market conditions and individual qualifications and will vary upon your lock-in period, loan type, credit score, purpose, and loan to value. For up-to-date information, please contact us at 215-383-9397.
"Landlords grow rich in their sleep without working."
- John Stuart Mill