Interest rate 9.99% - 13.99% (Depending On Credit)
4 Points at Closing
Term of 6 - 12 Months
(LTC) is 100%
Texas Fix & Flip Loan Packages
|Fix & Flip A||Fix & Flip B||Fix & Flip C||Fix & Flip Major Rehab|
|All Texas Properties
1-4 Family, Non-Owner Occupied
|25K - 1MM Loan Size|
|6 - 12 Month Terms|
|LLC Ownership Only|
|Interest Rate: 9.99%||Interest Rate: 11.99%||Interest Rate: 13.99%||Interest Rate: 13.99%|
|700 Credit Score||600 Credit Score||No Minimum Credit Score!||600 Credit Score|
|75% LTV||70% LTV||70% LTV||70% LTV|
|100% LTC||100% LTC||100% LTC||100% LTC|
|50% of Rehab Cash on Hand Required||25% of Rehab Cash on Hand Required||No Cash on Hand Required||25% of Rehab Cash on Hand Required|
|30% Maximum Rehab Amount compared to ARV||30% Maximum Rehab Amount compared to ARV||30% Maximum Rehab Amount compared to ARV||No Max Rehab Amount|
|No Down Payment||No Down Payment||No Down Payment||No Down Payment|
Rehab/Flip Loan Application Requirements:
Purchase Contract, Assignments, and Amendments
To accurately calculate our obligations for your loan at closing, we require the Contract, any Assignments, and all Amendments when you first submit your loan application. Any delay in submitting these forms will prevent your application from being approved.
Scope of Work / Repair Estimate
Having a detailed scope of work, including cost of labor and materials, and details on the materials being used (if applicable - framing doesn't require detailed materials list, but flooring on the other hand, should), will assist in calculating the after-repair value. Failing to provide detailed repair estimates will result in a low appraisal, and lower loan amount. If you need assistance in providing a quality Scope of Work you may use the one provided when filling out your application.
It is crucial to the application process that high quality, easily-viewable photos are submitted. The biggest tip - you can't provide us too many. The more photos, the better. If the photos you submit are not easy to view, or you don't provide enough, it will effectively stop your application process.
(Actual Photos of an ILS client Rehab/Flip Loan Recipient)
Texas Fix & Flip Good Faith Estimate
Texas Fix & Flip Documents Required For Processing
We pride ourselves on being one of the most efficient lenders in the great state of Texas. Get your pre-approval today!
Fast-growing and easy to work with.
Interested in Fix & Flip funding?
If you are an investor looking for capital to fund your rehab/repair projects, we are the easiest lender to work with.
Ready to expand your rental portfolio?
If you are an investor looking for long term loans for rental properties, we are the easiest lender to work with.
Need assistance with owner-finance?
If you are an investor looking to get into seller financing, consider our wrap product - unique in its market!
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Click the link below!