Have a client in need of a Re-Hab Loan? Please contact us for assistance - any state!!

Investor Re-Hab Loan Program Summary of Loan · Available in 37+ States and is expanding nationwide · Rehab loans are on residential, non-owner occupied investment properties, no new construction, raw land, or mobile or manufactured homes · Minimum FICO of 640 is needed to qualify Borrowers should have comfortable cash reserves or liquid assets >$20k · No payments for the first 6 months · Closing in two weeks or less · Credit lines for repeat customers · No pre-payment penalties · Loans up to 70% of After-Repair Value (ARV) · Upon completion of re-hab, convert the loan into permanent financing or help qualify your buyers for purchase from you. Minimum Credit Score**: 640 640 675 700+ Minimum points paid $2,500. Points reduced with repeat business. ** Credit scores under 640 may be considered on a case-by-case basis. Loan approvals are subject to standard underwriting criteria and due diligence. *** All terms subject to change without notice at the sole discretion of the lender.

Investor Re-hab Loan Program Details

PROPERTY TYPE: Residential 1 - 4 Family, non-owner occupied. Small apartment and condo conversions on a case-by-case basis. LIEN POSITION: First mortgage only. LINE TERM: Up to 24 months renewable thereafter with limited credit review. LOAN TERM: 6 months, extendable for up to 13 months. ADVANCE RATE: Options from 85% to 100% of project costs. Minimum loan amount $25,000. LTV: Up to 70% of After-Repaired Value. RENOVATION FUNDS: 100% of renovation funds are typically advanced in 4 draws. Once inspector certifies work is done, funds are wired within 24 hours directly to the investor’s account. INTEREST No payments for 6 months. PAYMENTS: PRICING OPTIONS: We have various pricing options based upon experience, financial condition and projected loan volume (See “Rehab Program Options”). QUALIFYING Rehab Loan Application including: DOCUMENTATION: • Two years Tax Returns (both personal and business) • Three months Bank Statements (both personal and business) • Entity documents (EIN #, Certificate, Articles of Organization/Operating Agreement) LOAN • Purchase Agreement (signed by both parties) DOCUMENTATION: • Summary of Rehab Work to be Completed (document (For each loan) provided by lender) GUARANTEE: Personal guarantee required; close of business entity. QUICK FUNDING: Once a borrower has been approved, funding of individual transactions is typically in two weeks. No borrower re-qualification is required for subsequent transactions.