Amount $25k - $3M
LTV 80 - 85% LTC (Purchase + Rehab)
INT 12 - 17% (15)
PTS 4 - 10 ($4500 minimum) Usually 5
TRM 6 - 24 months Usually 6
PPP No
Territory Residential ; GA
Amount $25K to no max
LTV Rehab GA
INT 15%
PTS 5
Term 6 months with option for renewal
PPP No
Credit No credit, No Income, No Assets
AMNT $25k - $3M
LTV 65% ARV (draws paid after work done)
INT 14 - 17%
PTS 5 - 10 (minimum $4500)
TRM 6 months
PPP No
Territory AZ, CO, GA, ID, MD, NC, NB, NM, NV, OR, TX, UT, VA, WA, WV
AMNT $50k - $250K ($350k House) No Rehab Money
LTV 100% of purchase to 70% ARV (Only lends on SFR)
INT 15%
PTS 5.5
TRM 6 months (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
Borrower pays all rehab cost and closing costs
Territory Atlanta Only (Not Clayton County , Not West End )
Amount $40k - $250K
LTV 65% ARV (100% financing up to the 60-70% ARV)
INT 15 - 18
PTS 4 - 6
TRM 6 months (ext of 2 months / 2 pts)
PPP No
CRDT W-2 720
1099 720
Pays contractor after work done
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