100% Fix and Flip Loan: No Income Verification
FBC Funding currently provides a 100% Fix and Flip loan in 18 states. Whether it’s financing the flip of home Texas or financing the rehab of a multifamily apartment building in downtown Atlanta, FBC Funding is here to help investors.
As a national hard money lender FBC Funding funds deals in more than 40 states. With our updated and improved 100% Fix and Flip loan we can help many more new and experienced investors in theses 18 states. The states we fund the 100% fix and flip loan in include:
Alabama, Connecticut, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Massachusetts, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia.
The terms for the 100% fix and flip loan are:
Minimum Loan: $100,000
Minimum Credit Score: 650
Location: Urban and Suburban (No Rural)
Liquidity: $15,000 or 25% of rehab costs (whichever is greater) plus closing costs
Experience:
- No Flips in the last 3 years – minimum 650 credit score – up to 65% of ARV
- No Flips in the last 3 years – minimum 700 credit score- up to 70% of ARV
- 3+ Flip in the last 3 years, 700 credit score – up to 75% of ARV
Rate: 11.5% to 12.75% depending on experience in the program
Points: 3% to 4% depending experience in this program and loan size.
Term: 9 Months
Application Fee: None
These guidelines are for 1 to 4 unit properties only that are located in urban or suburban areas within the 18 states mentioned earlier. For properties in other states you may qualify for our other 100% fix and flip financing programs.
For more information on this 100% fix and flip program with no income verification or other programs offered by FBC Funding, call 888-848-3114
or
Schedule A Free Loan Consultation
or
email louisj@fbcfunding.com
