PRODUCT IMPROVEMENT: Updated Flipper Loan programs

/ / Published in Gregory Riggs Page, Mortgage News

**Updated Rehab Loan Guidelines**

Valor Lending Group funds Fix-n-Flip Loans nationwide, with no experience required!

 

 

 

 

Option 1: 90% Purchase | 100% Rehab

  • Limited Doc–No documentation of assets or tax returns
  • 12 Month Term, with no-cost 3-month extension
  • No Prepayment Penalty
  • Rates as low as mid 7s in certain states and if you qualify
  • Interest-Only Payments
  • Close in 7-10 days after we get the appraisal
  • No Limit to how many deals you can fund
  • Experience required for maximum leverage, otherwise we adjust the leverage levels
  • We also have options for new investors at 85/100 based on FICO. 

 

Option 2: 85% Total Cost | 70% ARV

  • No credit report, no background check, you get your own appraisal
  • 1 Bank statement collected to show funds to close (but we don’t source the funds).
  • Also allow gap funding
  • 6 Month Term | No Prepayment Penalty
  • 1% Interest per month on outstanding balance
  • Can close in 5 days (subject to appraisal)
  • No limit to number of deals
  • Will consider limited experience 
  • No cost/no inspection draw process
  • No appraisal required in Arizona, Texas, or Colorado

 

Option 3: 95% Purchase | 100% Rehab

  • Full asset verification line of credit
  • We get 2 months bank statements and source the funds
  • LOC amount from $1M to $10M, based on verified assets
  • We can fund up to 95% of purchase, 100% of rehab
  • Appraisal through Appraisal Nation (we can use an appraiser you know if with Appraisal Nation)
  • 9 Month Term | No Prepayment Penalty
  • Rates between mid-7s and 10% depending on experience, FICO, net worth and documented assets.
  • You do not need experience
  • Minimum 30 days to close on first deal
  • Number of deals limited by documented assets

Call or email me for immediate attention to your scenario.

Valor Lending Group also offers literally every loan in the book! Check out more information on our programs below and please do not hesitate to call on me for any scenarios.  I look forward to an opportunity to demonstrate my prompt and professional service.

Recap of our Loan Products: 

  1. Stated Income Loans (No Tax Returns, no W-2s, No P&L)
  2. Bank Statement Income Loans (Great Bank Statement Program for business owners and self employed)
  3. Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
  4. Flipper Loans (Flip a property with one of our many options)
  5. Line of Credit
  6. 100% Financing
  7. Foreign Nationals Loans (no social security or residency required)
  8. Raw Land or Lot Loans
  9. Ground up Construction for spec homes, custom homes and commercial ground up.
  10. 2nd-Position Loans up to $5mm
  11. Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
  12. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
  13. 10% down Jumbo’s with NO MI up to $2.5mm
  14. Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
  15. Acreage Properties
  16. Commercial Loans up to $500mm
  17. 5% down Jumbo (Up to $2mm Lender paid PMI)

We also offer:

  1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
  2. High Balance Conforming aka Super Conforming (from $484,350-$726,525)
  3. Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
  4. FHA, VA, USDA
  5. ARM’s
  6. Reverse mortgages up to $10 Million Value
  7. Refinance including Cash Out
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