100% Fix and Flip Loan – Including Closing Costs

100% Fix & Flip Funding

No Down Payment – 100% Rehab – Closing Costs Rolled Into Loan

No Cash for Down Payment!  No Cash for Rehab! No Cash for Closing Costs! No cash to the table at all. True 100% financing for fix and flip for exceptionally well qualified borrowers. 100% financing up to 70% ARV. If the purchase, rehab and closing costs are all covered at 70% of the after rehab value there is no cash to bring to closing. Rates and fees are competitive for for investor fix and flip funding.

Who Qualifies for 100% Fix and Flip Loan Program

Exceptionally qualified borrowers only.

  • Exceptionally qualified borrowers with minimum 680 credit score.
  • Exceptionally qualified borrowers with at least 10% of the loan amount in liquid reserves.
  • Exceptionally qualified borrowers with verifiable income and no more the 43% DTI
  • Exceptionally qualified borrowers who own there personal residence.
  • Exceptionally qualified borrowers for a full document, Loan Qualifications

Benefits of the 100% Fix and Flip Loan

  • 100% of Purchase Price
  • 100% of Rehab Costs
  • Closing Costs rolled into the loan
  • Max Loan Limited to 70% of After Rehab Value
  • First Draw Shortly after closing to start renovation
  • Pay interest only on funds you have used, not the full committed amount

Terms of The 100% Fix and Flip Loan

  • 100% of Purchase and Rehab up to Max of 70% After Rehab Value
  • 9 month Interest only loan
  • Rate is Prime Plus 6.5%
  • Additional Collateral Required – primary residence lien (even with no equity)
  • Residential 1 – 4 non owner occupied properties
  • Commitment Fee 3%
  • Origination Fee 1% to 2%
  • Loan amount $75,000 to $500,000
  • Free Pre Approval Available for fast closings

Program Availability of The 100% Fix and Flip Loan

This program is not available in every state. Below are the states for the for availability.

  • Illinois
  • Chicago
  • Indiana
  • Ohio
  • Pennsylvania
  • New Jersey
  • Colorado
  • Florida
  • Texas
  • DC Metro Area
  • Maryland
  • Virginia
  • North Carolina
  • South Carolina
  • Colorado
  • Kansas
  • Missouri
  • Tennesse