Rehab Loans

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.



Rehab Lending

    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!