TRTY AZ, CO, GA, ID, MD, NC, NB, NM, NV, OR, TX, UT, VA, WA, WV
AMNT $50k - $250k
LTV 100% of purchase to 70% ARV (Only lends on SFR)
INT 15%
PTS 5.5
TRM 6 months (ext of 2 months for 2 points)
PPP No
CRDT 620 (under 620 is 18% and 1 point)
EXAMPLE $150,000 ARV
- $20,000 Rehab
= $130,000 Sub Total
x 70% Loan Calculation
= $91,000 Loan Amount
+ 5,000 Points
= $96,000 Total Loan Amount
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