Fix and Flip
No Appraisal NEEDED
After you have been pre-approved, we can fund your deal in just 48 hours!
*This program is not offered in the following areas: Baltimore, MD; Chicago Metropolitan Area, Detroit Metropolitan Area, Northern New Jersey, New York City Metropolitan Area, North and South Dakota
Loan Criteria
Collateral
Non owner occupied residence, single family, duplex, triplex and quadplex
LTV
Up to 85% of purchase price plus 85% of the rehab costs (LTV's are subjected to change based on credit experience and other varying factors)
Loan amount
$100,000-2,000,000
Terms
6 months with option to extend an additional 6 months
Minimum FICO
There is no minimum FICO, however scores 600 or below will need to supplement a letter of explanation.
Borrowers must have at least 1 previous entry/exit in an investment property in the past 36 months to qualify.
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