Real Estate Investor Home

Hi Folks,

 I am glad to offer fix and flip rehab money to you. I love seeing success in real estate. You are welcome to visit my website at http://www.careymortgage.com and see other loans offered. I look forward in meeting allot of you. See below for more details about the Fix and Flip program we offer. Good Luck in your journeys!

FIX AND FLIP LOANS  

Loan will be 100% of the sale price and 100% of the repair funds, not to exceed 65%of the ARV (after repair value).

• Turn around time on the loan: Within (2) weeks.
• Maximum length of the loan: (12) months.
• No pre-payment penalties
• Deferred payment plans available         
• Seller’s concessions/assists may be used to finance the closing costs, as long as the loan does not exceed 65% ARV.
• If purchase and repairs costs are below 65% of ARV closing costs can be wrapped into the loan.
• Interest only payments (no principal) until the property is sold or refinanced.
• Repair funds go into an escrow account:  The escrowed repair funds are paid in draws as work is completed.

To qualify you must have a credit score of 620 (no exceptions). Currently have 25% of repair costs in cash reserve. Loan amounts higher then $30,000.00. Appraisal done by our company (must be paid up front to appraiser). Two year tax returns, bank statements, or W-2 and pay stubs needed to document income. We currently DO NOT offer this loan program in the states of CA,LA,MI,VT, Alaska or Hawaii. Must be a single residential property, up to four units.

We have FHA and Conventional Home Mortgages Nationwide. Call us today. Sameday Approval through Underwriting. Approval letter issued to you and your clients the sameday. Call us today!