Fix! Flip! Hold!
Terms & Fees
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Rates Starting at 9.75%
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2% origination fee
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660+ Credit Score Preferred. 600+ at Lender Discretion
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Up to 90% Acquisition LTV
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Up to 100% LTV Rehab Budget
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$75K - $3.5M Loan Amounts
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1-4 Single-Family Homes, Condos, Townhomes
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Monthly Payments Can Be Rolled into the Loan
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Up to 24-Month Term Available
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LLCs, LPs, and Corporations
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24/7 Access to Draw Managements
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Leverage Funds For Multiple Projects at Once
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Loan Includes a Rehab Budget Which is 100% Funded
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No Income, No Tax Returns, and No Reserves
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No Asset Verification *restrictions apply
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Delayed Purchase Financing
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Nationwide Lending
Borrower Tiers
*Budget restrictions apply based on tiers.
Tier 5
10+ flips/rentals of similar rehab
90% of purchase / 100% of renovation
Up to 90% LTC / 75% LTV
Tier 2
1-2 flips/rentals of similar rehab
80% of purchase / 100% of renovationUp to 85% LTC / 70% LTV
Tier 4
5-9 flips/rentals of similar rehab
90% of purchase / 100% of renovation
Up to 90% LTC / 75% LTV
Tier 1
No Experience
70% of purchase / 100% of renovation
100,000 MAX Rehab Budget
Tier 3
3-4 flips/rentals of similar rehab
85% of purchase / 100% of renovation
Up to 85% LTC / 75% LTV
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Real estate professional license (GC, agent/broker, property management, etc.) increases experience score to next level
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If a GC with no previous flips, can get up to 80/100
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If a Realtor with no previous flips, can get up to 75/100
FICO Requirements
Rural Properties
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
• 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
