Real Estate Investment Loans
From Fix & Flip Projects, New Construction to Hard Money FHA Cap Investment Loans
Fix & Flip Loan Criteria
Non-Owner Occupied
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1-4 Family Real Estate
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Condos
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Townhomes
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5+ Unit Apartments
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Mixed-Use Properties
LTV
Up to 85% of the Purchase Price + 100% of the Renovation Cost. Not to Exceed 70% of the ARV.
Term
12-18 Months
Minimum As-Is Property Values
$50,000 for Single-Family
$25,000 per Unit for 2-4 Family
$35,000 per Unit for Multi-Family (5+)/Mixed-Use
Loan Amount
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$50,000 – $7,500,000 for 1-4 Family, Condos, & Townhomes
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$250,000 – $10,000,000 for Multi-Family (5+)/Mixed-Use
Rates
As Low As 10.24%
(Interest Only Charged on Outstanding Balance)
Minimum FICO:
620
Pre-Payment Penalty
N/A
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
Long-Term Rental Loan Criteria
Non-Owner Occupied
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1-4 Family Real Estate
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Condos
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Townhomes
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Planned Unit Development (PUD)
LTV
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Purchase: Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
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Refinance: Up to 80% of the As-Is Value
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Cash-Out: Up to 75% of the As-Is Value
Amortization Options
30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) & Interest-Only Options Available
Property Values
“As Is” Appraised Value Must Be $100k or Greater (Geographical Restrictions May Apply)
Loan Amount
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$55,000 – $2,000,000
Rates
Starting at 6.15%
Minimum FICO:
660
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
New Construction Loan Criteria
Non-Owner Occupied
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Single -Family Properties
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Condos
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Townhomes
Term
12 - 24 Months
Minimum Property Values
$150k
As-Completed Value
Loan Amount
$100k* – $2M
*Based on Max Loan Amount
Rates
Starting at 11.29%
Minimum FICO:
650
NEW CONSTRUCTION LOAN PROGRAM ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS
Loan amounts based upon experience.
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Tier 1: Completed 10 or More Ground Up Construction Projects - LTV up to 75% & LTC up to 80%
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TIER 2: Completed At Least 10 Investment Real Estate Transactions That Include Renovation - LTV up to 75% & LTC up to 75%
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Tier 3: Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab - LTV up to 70% & LTC up to 72.5%
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Tier 4: New Investor- LTV up to 70% & LTC up to 70%
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
FHA Cap Loans Criteria
Non-Owner Occupied
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Single Family
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Duplex
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Triplex
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FourPlex
Fix & Flip Loans
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Up to 90% Purchase Price
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Up to 90% Rehab
(Not to exceed 65% of ARV - ARV Will Not Exceed FHA Cap)
Refinance Loans
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Reinvest into business up to 65% ARV
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Cash Out up to 50% ARV
(ARV Will Not Exceed FHA Cap)
Minimum FICO:
No minimum credit score!
Click your state below to view the county's FHA Cap before pre-applying for a loan. We can not give loans higher than the FHA Cap on these loans.