Rehab Loan

A Rehab Loan offers up to 100% loan to cost financing on 1-4 family Non-Owner Occupied for the purchase, repairs and closing cost up to 75% of the after repair value. A credit enhancement in the form of a mortgage on the borrower's primary residence or investment property with equity available is required.

New - Fix and Flip Loan Program - Up to 90% on purchase and rehab Click here for more details

Draws are dispersed to the borrower in $5,000.00 increments; each draw will require an inspection on the property. All funds must be used on the subject property. Monthly payments; interest-only with the Principal due at maturity, usually nine months and there are no prepayment penalty. Average closing time line is 30 days.

A minimum middle credit score of 680 for all applicants require on Rehab Loans.

Residential Rehab Loan:
Loan amount: $50,000 and $2,000,000Rehab Loan
Residential Rehab Loan rates: 9.50% to 15.99%
Loan to Cost: up to 100%
Loan to Value: up to 70% ARV
Terms: 12 months to 60 Months
Residential Rehab Loan types: Residential home, 2-4 Multifamily small apartment; condo conversions on a case-by-case basis.

Credit enhancement in the form of a mortgage on the borrower's primary residence required

Compare with the Fix and Flip Loan Program Click Here

Click here to get started getting a Rehab Loan