Fix and Flip Bridge Program
Bronze
First Time Investors:
70-80 % LTV of Purchase Price & 70-80% of Rehab Cost – Min FICO 600
1 flip sold in last 36 months:
75-80 % LTV of Purchase Price & 100% of Rehab Cost – Min FICO 600
Silver
2-4 flips sold in last 36 months:
80-90% LTV of Purchase Price & 100% of Rehab Cost – Min FICO 600
Gold
5-9 flips sold in last 36 months:
85-90% LTV of Purchase Price & 100% of Rehab Cost – Min FICO 600
Platinum
9+ flips sold in last 36 months:
95% LTV of Purchase Price & 100% of Rehab Cost – Min FICO 600
*1 Active Rental Property = 1 flip sold. 1 flip sold within 36 months and 1 active rental property = Silver Tier *
Benefits of our program
-Rehab Draws Advanced
-Initial Portion of Draw credited at closing
-No Pre Payment Penalty
-No upfront cost
-No Income or Asset verification
-Minimum Loan Amount 75,000k for purchases & 50,000 for refi’ & cashout
-7.99-12+% rate
-Expedited closing available
Closing Cost
origination fee: 2-3 points
U/W Fee: $800
Processing & Doc Fee: $300