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Investment Funding Options
Fix & Flip
Homestyle Renovation Program (Conventional)
- Finance up to 80 percent of the purchase price and repair amount
- The repair amount cannot be more than 50% of the after repaired value
- Interest rates are higher than a regular investor loan (1 to 3 percent)
- A licensed contractor must complete the repairs after closing
- An inspector will review the work as it progresses and approve draws to pay the contractor
- Repairs must be completed within six months of purchase date
- Credit Score 660+
“Hard Money”
- 7/1 Hybrid ARM, 30 Year Term
- 50% Down (50LTV) = 7.375% to 25% Down (75LTV) = 8.375% (subject to change without notice)
- Loan Amount $100,000 to $2,000,000
- Credit Scores Down To 500 Ok (under 600 will likely mean higher rate)
- Stated Income / Verified Assets
Buy & Hold Options
Conventional
- Up to 90% LTV
- Rates 5-7%
- Up To 4 Properties
“Hard Money”
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