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Rehab loans are loans
acquired for the purpose of doing upgrades, repairs,
additions, or maintenance to homes. Rehab loans are
very specialized. Most conventional lenders don't want
to lend on homes that have more than $5,000 cost to
cure. Hard money lenders don't want to lend on homes
that need work either. This niche is wide open for
lenders that understand investors that want to buy
properties under value and fix them up for a profit.
Funds from rehab loans can be used to purchase and
rehab properties or refinance existing loans and add
rehab funds for the investor.
The best part of
rehab lending is that the lenders that offer these
programs generally work only with investors. This
means no jumping through hoops or difficult lending
guidelines that aren't in line with your investor
mentality. These lenders want you to succeed in your
business and are prepared to make the process as quick
and painless for you as possible. Here are some
highlights of our rehab lending programs:
Rehab Loan Program Highlights
- LOANS ARE BASED ON AFTER REPAIR VALUE
- UP TO 75% OF THE AFTER REPAIR VALUE
- LOAN CAN INCLUDE ACQUISITION AND REHAB COSTS!
- REHAB FUNDS ARE GENERALLY PAID IN DRAWS AS WORK
IS COMPLETED
- EXTRA INCENTIVES TO INVESTORS THAT DO REPEAT
BUSINESS
- ALLOW FINANCING 6 MONTHS INTEREST RESERVES SO
YOU HAVE NO PAYMENTS FOR THE FIRST SIX MONTHS
- AFTER FIRST LOAN, NO NEED TO RE QUALIFY ON
FUTURE PROJECTS
- QUICK FUNDING AND REHAB DISBURSEMENT
- NO LIMIT TO NUMBER OF PROPERTIES DONE WITH
REHAB LENDER
- FUNDING IN 7 DAYS
- NO FORMAL APPRAISAL REQUIRED
- RESIDENTIAL OR COMMERCIAL PROPERTIES WELCOME
As you can see there are
many ways to obtain rehab funding that will be
beneficial to your business. We are partnered with
several rehab lenders that offer very high loan to
value based on after repair value and allow those
funds to cover 100% of the purchase price and rehab
work. This combined with the ability to finance your
first six payment allows you to focus on your real
estate project and not have to worry about the
finance. Most loans are 6 month to one year with
options to extend if needed.
Interest rates on
rehab loans tend to be a bit higher than conventional
loans due to the high risk involved with rehab and
flipping real estate. Payments are almost always
interest only payments and there is NEVER a prepayment
penalty on a rehab loan. We want to help you get your
property into top shape and be able to sell it for a
profit as quickly as possible. With a good rehab
lender on your side you will feel far less pressure in
the already stress full rehab business.
Now you can see why
we are the premier source for rehab loans and
renovation loans in the U.S. Our mortgage professionals
are prepared to put their years of experience and our
access to these bad credit cash out mortgage loans to work for
you!
Contact US today or
APPLY ONLINE for a same day response and let's
start working together to help your American dream
come true!
OUR PROGRAMS
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