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REHAB LOANS
These have become very popular programs with those who would like to take advantage of purchasing distressed properties and foreclosures at bargain prices and renovate them to either live in, keep as investment rental property or for resale (fix & flip) at a profit after completing the renovation project.
We can also assist you in purchasing the property, negotiating with the seller and structuring your financing so that it maximizes your benefits. After prequalifying you as a borrower, we can provide you with a variety of financing options that may fit your particular niche.
If your property is owner occupied, there are several programs available including FHA 203(k) and Fannie Mae Homepath renovation loans with as little as 3% down. Another option for both owner occupied and investors is hard money loans. These loans vary by area and by investor guidelines and range from no money down to 50% LTV depending on the qualifications of the borrower, property type, loan-to-value, after repair value, etc.
If you would like to find approximate terms for your scenario, please complete the form below and we'll respond within 24 hours.
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