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Updated almost 9 years ago,
Stated Income Loan, Can Be Used For Fix and Flip
No tax return needed to verify income. 30 year amortization. 20% minimum down payment for purchase. 75% LTV on refinance. No rehab funds available with this program. No need to ask about ARV. Lender will not participate in rehab. Now lending in 43 of 50 states. Rates from 6-8%. $50,000 minimum purchase price. Buy and Hold is best option but can be used for fix and flip. SFH, 2-4 unit, condo or townhome. 650 minimum credit score. Contact me directly at [email protected]
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