We lend on rehab investment properties to investors who typically live in Colorado, Florida, Illinois, Indiana, Kansas, Maryland, Missouri, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia. We generally require the borrower to reside within 60 miles of the rehab investment property.
We require at least a 680 credit score to prequalify for the rehab loan program.
Generally speaking, our minimum rehab loan amount is $75,000, and the maximum rehab loan amount is $2,000,000.
Yes, we allow multiple projects but by a case by case scenario.
If married, a spousal guarantee is required. If single, usually no co-applicant is required.
Yes, we typically like our borrowers to have 10% of the requested loan amount in cash or cash equivalents.
The closing of the rehab loan generally depends on how fast we receive all required documents from the borrower. Usually, we are able to close 2 weeks after all documents are received.
We have two easy ways for you to apply.
Click on the link below to choose which way works best for you.
Upon receipt of your application, we will be in touch to confirm receipt and let you know if we need anything further.
* A PDF packet containing the Questionnaire, Personal Financial Statement and Real Estate Schedule is available here for download. Or, you may fill those work sheets out online using our online application process.