YourVanDyk Mortgage has made this product Investor Friendly.
HARD MONEY REHAB, REFURB OR REBUILD LOAN FEATURES
HARD MONEY LENDING
FOR REO'S, FORECLOSED, REBURB & REBUILD PROPERTIES
This loan product is for homes that need work. Both Owner Occupied Properties as well as investment Propertiy.
1) Flexible Credit Scores to Qualify
2) DTI's are flexable & some "Stated Income Programs" exist, liquid assets are important
3) No Prepayment Penalty (sell it the next day)
4) 100% of the purchase price & repairs from 65% to 70% of the After Repair Value
5) 3 to 9 months to sell or refinance gives you plenty of time to Rehab, sell or put into permanent financing.
6) Interest Rate generally around 10.5% to 15% interest only payments. Call and ask about the APR
CONVENTIONAL REHAB LOAN FEATURES
THIS IS TO BE USED FOR OWNER OCCUPIED PROPERTIES
CONVENTIONAL 90 to 97% Interest Rates Usually Under 8.5% Fixed 30 Years
FHA 203 K REHAB LOAN
FINANCING FOR OWNER OCCUPIED PROPERTIES
The fha 203 k rehab home loan is a great way to rehab the home you will be living in. With two years Continuous Employment either as Self Employed or a W2 Employee, also with two years of a perfect Mortgage or Rental History, we can lend 90% to 97% of the purchase price & cost to repair.
An FHA 203k loan rehab rehab loan is a great vehicle to get built in value from a distressed property
An FHA 203k Home rehab Loan helps you buy the property and fix it at the same time
An FHA 203 K rehab Mortgage allows you to pull out some of the equity in the property today instead of having to wait the customary 12 months before being able to do so.
A Reserve of liquid assets ( 401K Stocks Bonds Cash etc) is usually but not always required with this Real Estate Rehab Mortgage.
Of course each lender makes their own decisions, but these are the basic guidelines
Click Here To Apply Now For a REAL ESTATE REHAB MORTGAGE
OR
Call me today and get Pre-aproved at
336-753-0844
If you have any questions regarding the subject of Real Estate Investment Property OR Owner Occupied REHAB Mortgages we will be happy to help
An Investment Property REHAB MORTGAGE is the latest product from your Mocksville, North Carolina VanDyk Mortgage. Your VanDyk Mortgage is here to help you when you decide to Purchase a Home or Refinance a Mortgage. Whether in person or online, we close loans in 36 states all over the U.S. seamlessly and easily. We have a wide selection of REAL ESTATE MORTGAGE HOME LOAN PROGRAMS. You can trust us to find the REAL ESTATE MORTGAGE HOME LOAN PROGRAM that's best for you. We have assisted people in the following cities and states to reach their dreams:
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