NEW Valor FIX AND FLIP LOANS | VALOR LENDING GROUP
Valor Lending Group funds New Fix and Flip Loans. First time or a seasoned investor Valor Lending Group has the program to fit your fix and flip loan needs. 12-to-24-month terms are available and rates to accommodate your loan scenario.
What are Valor’s New Valor Fix and Flip Loans?
The New Fix and Flip Loan are a short-term real estate loan that helps first time or seasoned investors purchase and rehab an investment property. This model is commonly know as the BRRRR method(Buy, Rehab, Rent, Refinance, Repeat).
The term is normal between 6 to 24 months with no prepay penalty. Rates can be anywhere between 7% and 12% depending on credit scores, experience, and reserve requirement. Always Interest only payments throughout the term of the loan.
What are the benefits of securing New Fix and Flip Loans?
One of the major advantages of a Renovation loan is the lower down payment. Depending on your investor experience you can purchase the property as low as 10% down. Lower down payment allows you to leverage your money and invest in more projects. This increases your buying power and mitigates loss of all your capital. All terms depend on credit scores, experience, and reserve requirements.
What’s the difference between the New Fix and Flip Loans and a construction loan?
A construction loan is generally financing that will fund a complete new project or build from the ground up. Also when changing the framing, square footage, or zoning it will also be considered a construction loan.
Renovation loans are structured to upgrade the current structure. Including flooring, drywall/paint, appliances, etc. No major work or construction takes place.
What do I need for get approved for a renovation loan?
- Application
- Valid Photo ID
- Credit Pulled By Valor Lending Group
- REO Schedule or Investor History. First time investors welcome!
- 2 Months Business or Personal Bank Account Statements
- Purchase Contact
- Scope of Work
Check out more of what we offer. Check out Valor’s Mortgage News to learn more!
