New Fix and Flip Loan Options | Valor Lending Group
CHECK OUT OUR NEW FIX AND FLIP LOAN PROGRAM OPTIONS!
Are you looking to purchase an investment property to rehabilitate and flip for a profit?
Are you interested in renovating your new or current property?
New Rehab Loan Programs allow investors and homebuyers to purchase and renovate their home or investment property with only having to acquire one loan instead of multiple loans.
Valor Lending Group has helped thousands of Californians all over the state with fix and flip loans. We are now taking our services to the State of Arizona. If you are in the state of Arizona and are in need of one of our New Arizona Fix and Flip Loans give me a call today! We can help you with all of your rehab and fix and flip loan needs. We work with the best in the business to help you achieve all of your rehab goals and dreams.
Let us help you get started TODAY!
We also have the best construction loan options HERE
Valor Lending Group has Fix and Flip Loan Program Options Available for you TODAY!
What Are Fix and Flip/Rehab Loans?
Valor Fix and Flip loans are hard money loans used to purchase and rehab a property, and then resell it at a higher value. The Fix and Flip lending market has been quite frothy the past few months. If you are an experienced flipper, you may notice that your old lender of choice has increased rates, decreased LTVs, and in some cases quit funding altogether. For first-timers, the market has become substantially hard to break into.
No need to worry, however! We have seen a resurgence in fix and flip lending in the past week and are pleased to announce we are funding in 42 states again, and multiple lenders are doing up to 90/100 (90% of the purchase and 100% of rehab) with rates in the high 6’s.
These loans do not require tax returns, income/employment, or debt-to-income ratio calculations.
Why Use Hard Money?
Every well-equipped borrower’s toolbox should have a reputable hard money funding source. Although banks are usually able to offer lower rates, banks do not offer hard money loans, their loan programs don’t allow for the same flexibility hard money lenders can afford. In addition, traditional lenders have loan committees and a more involved underwriting process, and it is not unusual for both of these to delay the loan process. Hard money loans bridge borrowers from one type of financing to another. Because of this,
Fix-n-Flips, Commercial Value Adds, and Construction Loans
Fix and flips, value adds, and other distressed properties, as well as construction loans, can be difficult to finance using traditional lenders such as banks because these types of properties are inherently risky. This is a prime example of where hard money loans can be used.
Construction projects are by nature short-term, and usually, these types of hard money loans are for terms of 18-36 months. Hard money construction loans are used to cover the cost of labor and materials for the development project, and sometimes also the land acquisition.
Rehab Loan Highlights:
- Up to 90/100 (Purchase/Rehab)
- 12 to 24 month terms
- Loan amounts up to $10MM
- No Prepayment Penalty
- Interest starting in the high 8’s
Needs for Quote:
- Property Address
- Purchase Price (for Purchase):
- “As is” Value
- After Repair Value
- Current Balance (for Refinance):
- Rehab Budget & Detailed Cost Breakdown
- Project Experience as a Sponsor
- Approximate Credit Score
- Vesting in an Entity or Individual name
Ground Up Construction Highlights:
- Up to 90% LTC
- Max Loan Up to $20 Million
- Flexible Guidelines
- 12 to 24 month Interest Only Interest Rates
- Valor boasts the very best communication, service, rates and performance in the industry
- Valor ensures the very best pricing by shopping with many direct lenders so you don’t have to!
Other Programs Available:
- Commercial Loans
- Hard Money Loans
- Save your Deal | We Save Deals
Please feel free to CONTACT ME if you have any
questions and would like to chat about the possibility of working together!
Valor Lending Group offers EVERY mortgage loan in the book and will help you choose the best program for your scenario.
I look forward to talking more and working with you in the future!
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $2.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5MM
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2MM / 10% down up to $3MM
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500MM
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- Conventional Conforming Loans (under $647,200)
- High Balance Conforming (from $647,200-$970,800)
- Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $3MM
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
**Rates and terms subject to change without notice
We are never too busy for your referrals.
CONTACT ME TODAY for immediate attention to your scenario!
For the most up to date mortgage news visit: Mortgage News Daily
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