GUIDELINES
| Maximum
Loan Amount |
$30,000
to $200,000 (case by case basis)
|
| Loan
to Value |
up
to 70% |
| Loan
Terms |
1Year/Interest
Only/Due Monthly |
| Loan
Types |
Purchase
with Repair money |
| Interest
Rate |
16%
|
| Loan
Position |
First |
| Property
Type |
Single
Family Homes & Multi Family |
| Credit
Issues |
Minimum
middle credit score of 680 based on tri-merge report
|
| Documents
we provide, you fill out |
|
| Cash
required at closing |
None
- if terms of 70% RPV met |
| Cash
back at closing |
Never
- profit taken when you sell |
| Points |
4.5 points |
| Fees/Closing
Costs |
Generally
10% of Loan Amount see typical example here |
| Time
frame from Open to Close |
3-15
days |