75% ARV Funding No Income Verification

[Sean Richway]

Very attractive purchase, refinance, or rehab funding program:

Starting rate of 7.5%
Up to 30 year term and amortization
Middle Credit Score of 650
LTV of up to 75% of ARV
Commercial and Residential Properties
Loan Amounts starting at $100K
Pre-Approval in 48 Hours
No Tax Returns
No W2's
Less than 30 day close

Please message me for application and any questions.

[Sean Richway]

John,

Thank you for reaching out to me with your questions.  See below responses that will correspond to your questions:

-  Rehab costs can be covered but typically they are smaller amounts of rehab expenses.  A property that needs extensive work might not fit with this program.  The main driving factor is the appraised current value.  If you are purchasing the property at a discount then you can get up to 75% of the appraised value which can include rehab costs.  There are no restrictions on funding rehab monies.

-The points vary depending on the size of the project but typically it is 2 points (which can be rolled into the loan).

-Underwriting fee is $1,995 (which can be rolled into the loan).

-I can lend nationwide.  There are a few states with exceptions but typically we can explore other options if the property does not qualify to get the project funded.

If you are looking for more of a traditional fix and flip project that needs a decent amount of work then I would go through another program in order to get that done.  Best bet is to reach out to me with your project and I can let you know what I can offer.

Thanks!