Fix & Flip
The fix and flip program can help provide you with fast, easy, and reliable funding on your light to heavy renovation projects. Our program works whether you are a new or experienced investor. We work with you throughout each step of the process from analyzing your deal to the time you pay off your loan and everything in between from underwriting, funding, servicing, and managing the construction with you and your team.
Fix & Flip Details
Property Value:
As-is value (or purchase price) greater than $100,000
Prepay Penalty:
None
Property Type:
Single Family and 2-4 Unit Multifamily
Purpose:
Short-term mortgages to buy and renovate properties
Credit Score (FICO):
Minimum 680, no serious delinquencies in past 2 years
Max Loan Ratios:
Up to 90% Loan to Cost & 75% ARLTV
Location:
No rural. Not in AK, HI, NV, ND, SD, WY
Loan Term:
12-18 Month Term w/No Prepayment Penalty