ARV program offers financing for up to 85% of the purchase price + up to 100% of the renovation costs, not to exceed 75% of the after repair value. Prior real estate investing experience is preferred but this program is available to first time investors.
We offer an exposure line with streamlined approval for the After-Repair Value Loan Program with guaranteed leverage and fixed rates. This product is available to investors with a portfolio of 10 or more flips per year.
Term: 24 Months (12-Month Extension Available)
Loan Amount: $50k to $2.5M+
LTV: Purchase – Up 90% LTC and 75% ARV Cash-Out – Up to 65% of the
Property Types-: Non-Owner
Occupied 1-4 Family & Multi
Family Real Estate; Condos;
Townhomes; 5+ Apartments;
FICO: 600 Minimum
Rates: start at 7.49% for Rehab and 5.49% For hold
Buy-to-Rent loan program offers a 24-month term, with a 12-month extension available, ensuring that our customers have rental property financing that goes the distance. (An extension fee applies)
Our rental loan product provides our customers a reliable source of financing through a simple and efficient online loan process. Our 30-year fixed-rate rental loan product was designed to help savvy investors capitalize on the rapidly growing rental market. With attractive rates and up to 80% loan-to-value (LTV) on fixed-rate loans, these loans are a great way to get cash out from your existing rental properties. Rental loans begin at $75K and up to $2 million with no personal income verification. *
Rental asset-based loans can provide the cash you need to grow your rental portfolio. Benefits include:
· Get cash from rental properties – loans from $75K to $2 million.
· Lower your blended rate – consolidate higher-rate loans into single mortgage
· No personal income verification – lending decision based on property cash flow*
· No hurdles – flexible loan options designed for your buy and hold strategy
· Cash out refinances
· No personal income verification – no W-2 required
· Minimum seasoning requirements*
· 620 min. FICO
· No hurdles- a very user-friendly and streamlined process
· Foreign Nationals Permitted
· No DSCR Restrictions* (Debt Service Coverage Ratio)
· Prepayment penalty**
All programs above are subject to change. We deal with multiple lenders and investers that have different combinations of LTV, LTC, Credit and Property types. We will do our best to guide you to the appropriate program.