1 or 2 year residential programs
1 year
8.99-11.99%
3+ Points
*NO Pre-Payment Penalty!
This is a great program for investors that fix & flip properties quickly.
Interest Only payments for a 12 month term with balloon payment due at end of term.
(4 month interest payments-seasoned for 60 days required)
2 year
8.99-11.99%
3+ Points
*Pre-Payment Reduced to 8 Months
A two-year term gives you the flexibility to fix & flip, buy & hold, engage in an extended rehab, or even qualify for a conforming loan down the road.
Interest Only payments for 24 month term with balloon payment due at end of term. The loan has a minimum period of 8 months interest payments.
General Guidelines
- 70-75% LTV
- $50K-$5 Million
- Interest Only Payments
- No Minimum FICO Requirements
- Lower interest rates for experienced investors