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Investor Rehabber Loans |
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· Investor Rehab Loans * * * · Factoring
to Grow Your Business * * * * * * * * * |
Our lenders want to make it as easy as possible. You can borrow 100% of purchase, rehab and partial closing costs, up to 75% of the after-repair value (ARV). Loans are generally for six months and no payments until you pay off the loan by selling or refinancing. Both close in 2-3 weeks. Two programs are available. Costs are similar for 100% loans. There are minor differences noted below. Features of Plan A ·
Max loan 100% of purchase and rehab costs and ·
Up to 73% of as-repaired value (68% for loans over $375,000) · Minimum credit 660 (middle score) ·
6 months (12 in · no “junk” fees – just appraisal, points (4 financeable), interest (financeable) · separate programs for new construction, land development Plan A is available in urban parts of
For Plan A, click here. Features of Plan B · Minimum liquidity $20,000 · No new construction, land, mobile homes · 6 months (extendable to 13) · 85%, 90%, 95%, 100% programs with increasing costs and credit requirement (630-690) · Up to 75% of as-repaired value · maximum closing costs financed: $1200 Plan B is available in more than 30 states and DC For further information, list of
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