Rehab Lending
NATIONWIDE LONG-TERM FINANCING PROGRAM
| Minimum Loan Amount | $125,000 |
| Maximum Loan Amount | $10,000,000 |
| Interest Rate | 6.25%+ |
| Origination Fee | 1.5 to 2 Points |
| Term Length | 30 Yr fixed, 5/1 Arm, 10/1 Arm |
| Time to Close | 3 to 4 Weeks |
| Seasoning Required | 3 Months |
| Maximum Loan to Value | 75% |
| Maximum Loan to Value with Cash-out | 70% |
| Lien Position | 1st |
| Acceptable Markets | Nationwide Urban, Suburban, and Rural |
| Minimum Personal FICO Score | 650 |
| Minimum Experience | 1 Property |
| Acceptable Property Types | 1-4 Family, Multifamily, Condos, PUDs |
| Appraisal | $550 to $850 |
| Closing Fees | $1,000 |