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Rehabbing & House Flipping

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3
Posts
0
Votes
Cameron Joyce
0
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3
Posts

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1,962
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1,076
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Jason Wray
Pro Member
  • Banker
  • Nationwide
1,076
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1,962
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Jason Wray
Pro Member
  • Banker
  • Nationwide
Replied Jul 7 2024, 19:32

Cameron,

If you are looking for a Primary Home loan its easy you can use a DPA program. If you are looking to buy an investment thats going to be tough unless you find a HML -hard money lender. If you use an Hard money for an investment it will be loaded with fee's pay points and high rate.

Primary home is a simple DPA program either through the State, County or like CHENOA.  That can be used for a primary single family or 2-4 unit.

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3
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Cameron Joyce
0
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3
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Cameron Joyce
Replied Jul 7 2024, 20:34
Quote from @Jason Wray:

Cameron,

If you are looking for a Primary Home loan its easy you can use a DPA program. If you are looking to buy an investment thats going to be tough unless you find a HML -hard money lender. If you use an Hard money for an investment it will be loaded with fee's pay points and high rate.

Primary home is a simple DPA program either through the State, County or like CHENOA.  That can be used for a primary single family or 2-4 unit.


 Hey Jason thanks for the reply I’m actually looking for this type of loan to do a fix and flip, also right now my credit is under 600 which kind of excludes me from the majority of lending options. If you have any suggestions it would be great to hear. Thanks again for the response Jason 

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1,274
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280
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Jacob Sherman
Pro Member
#2 Land & New Construction Contributor
  • 12 Penns Trail Suite 138 Newtown, PA 18940
280
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1,274
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Jacob Sherman
Pro Member
#2 Land & New Construction Contributor
  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied Jul 8 2024, 09:23

can do 90% LTC 

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767
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325
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Mike Klarman
  • Specialist
  • New Jersey
325
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767
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Mike Klarman
  • Specialist
  • New Jersey
Replied Jul 9 2024, 10:14

Jacob, on 600 credit you can give 90% LTC?

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30
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6
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Charlice Arnold
  • Lender
  • Nationwide
6
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30
Posts
Charlice Arnold
  • Lender
  • Nationwide
Replied Jul 15 2024, 08:13

I offer loans under these terms. Let's connect. I would love to learn more about this and see if there's potential for collaboration.