What is a Best Rehab Purchase Loan?
What if I was to tell you that Valor Lending Group can fund 15%-20% down on a investment property purchase and include 100% of the rehab funds? This is the Best Rehab Purchase Loan out there! Borrower can be a first time investor or full time real estate entrepreneur, Valor Lending can fund your investment property loan. 12-to-24-month terms are available and rates to accommodate your loan scenario.
Rehab loans are a short-term real estate loan that helps first time or seasoned investors purchase/rehab an investment property. Rates can be anywhere between 9.99% and 12% depending on credit scores, experience, loan to cost, after rehab value, and reserve requirement. Always Interest only payments throughout the term of the loan.
What are the benefits of securing a Best Rehab Purchase Loan from Valor Lending Group?
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.
Major advantage of a renovation loan is 100% of the rehab cost is included into the loan amount. No out of pocket cost for the renovation! Most lenders accrue interest as drawn. If not all funds are used, the remaining funds can be reimbursed at the exit or end of the loan.
What’s the difference between Best Rehab Purchase Loan and a construction loan?
Construction loans fund a new build from the ground up, up, changing the framing, square footage, or zoning.
Renovation loans are to upgrade the current structure including flooring, drywall/paint, appliances, etc. No major work or construction takes place.
Best Rehab Purchase Loan Highlights
- 85% of purchase price with 100% of rehab
- Light Rehab – fix and flip only
- Experienced investor 3+ | 681+ FICO
- Starting at 9.99%
- Max 90% LTC; Max 90% LTV; Max 75% ARV
Required documents for approval
- 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
- Licensed, insured, and bonded General Contractor
CALL ADAM LAWRENCE TODAY FOR ALL AND EVERY LOAN SCENERIO 858-344-0323 or ALAWRENCE@VALORLENDING.COM
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