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600+ Credit - Purchase - Refinance & Cash Out Refinance
30 Year Term or 12-24 Month Bridge Financing
Includes Renovation & Construction Take Out Loans With Cash Out!
For No Seasoning on Title Refinance Cash Out Loans
Requires “90%” of improvements to be completed. No Prior Experience Required. Designed to provide Builders and Fix and Flip clients with the flexibility to access funds before the completion of a project by using the current “As-Is” value at the current stage of the project.
6 Months on Title
Use current appraised value.
General Funding Guidelines
Funding Available In The Following States
AL, AR, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, LA, MA, MD, MI, MO, MN, NC, NJ, OH, OK, PA, SC, TN, TX, UT, VA, WA, WI
Qualifying Credit/Experience & Loan Amounts
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Minimum qualifying credit score is 600+.
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Qualifying credit score of 700+ required for 80% LTV cash out (available only when renovation funding included).
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Loan amounts are from $100,000.00 – $5,000,000.00 for single family and 2-4 units, including condo’s and townhomes.
Term Of Financing
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30 year term available.
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Short term 12 & 24 month bridge financing available.
Property Types
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Single Family, 2-4 units, town-homes, condo’s.
Program Highlights
No Minimum Seasoning On Title!
No Prepayment Penalty!
No personal income verification!
Close in about 15 days with clear title!
No escrows of taxes and insurance on bridge loans!
Single family, 2-4 units, condo’s & town homes!
Properties listed for sale OK!
Vacant properties OK!
Traditional 6 months on title for regular cash out refi!
Up To 80% LTV Rate & Term!
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Required Documents For Underwriting Approval
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Clear and legible copy of government issued ID (all members of business entity)
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Copy of HUD Settlement Statement from acquisition of property
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Copy Of IRS EIN Letter for business entity (if applicable)
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Copy of Articles of Organization for LLC or Incorporation for a Corporation (if applicable)
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Copy of Operating Agreement for LLC or Corporate Charter/Bylaws for Corporation
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Interior & exterior photos of the subject property.
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For Properties Renovated Within Last 12 Months: Copy of original scope of repair work OR list of repairs with associated cost (TEMPLATE PROVIDED).
Seasoning On Title Requirement​
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No seasoning on title requirement to use current appraised value when “90% of improvements/construction completed”.
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After 6 Months On Title – Use current appraised value.
Title Vesting
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Closing must be executed in the name of a business entity (LLC, S-Corp, C-Corp).
Property Appraisal
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Traditional property appraisal is required.
Loan Fees
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Loan origination: 2.99% or $4,895.00 (whichever is greater)
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Processing: $1,395.00
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Admin: $895.00