FIX & FLIP LOANS

UNDERWRITING GUIDELINES

Credit Score: 620+
Bankruptcy or Foreclosure/Short Sale: 0x24
Loan Type: Senior 1st mortgage loans only
Loan Amount: $75,000 to $25,000,000
Maximum Term: Up to 18 Months
Amortization: Interest Only
Loan to Cost: Up to 90% of purchase/Up to 100% of renovation
Loan to After Repair Value: Up to 70% of fully appraised value
Nationwide platform: Borrow experience required

RESIDENTIAL FIX & FLIP LOANS

Borrower Types: Individual or Entity
Personal Guaranty: Generally Required
Property Types: Investment SFR (1-4), Condos (limited)
Loan To Value: Up to 85%
Rates:  As low as 7.99% / 9.177% APR1
Loan Term:  6 Months - 24 Months
Prepayment: None

Residential Fix and Flip Loans

Ready to try your hand at fixing and flipping properties? Worried that residential fix and flip loans are difficult to get, especially from traditional banks? Wondering how to manage the entire process on your own for the very first time?

You've come to the right place. At First Funding Loans, we not only offer hard money fix and flip loans, we also offer professional support to help you understand what needs fixing to bring you the best returns on your investment.

We take pride in being the best fix and flip lender in New Jersey, offering loans to both individuals and enterprises.

How We Can Help with Hard Money Fix & Flip Loans

We offer hard money fix and flip loans at interest rates as low as 7.99% and flexible repayment terms, from 6 months to 12 months. There are no pre-payment penalties either.

Simply contact us and our experts will visit the property, inspect it and tell you the best possible solution for fix and flip. You will gain a better understanding on the amount to apply for as loans as well.

We will work directly with you and the contractor, so that the schedule works for everyone. After the inspection is completed by us, we will disburse the residential fix and flip loan within 24 hours.

All you have to do is fill the application form with correct and complete information and provide the basic essential documents. This helps us serve you better, by avoiding any delays due to incomplete paperwork. We are committed lenders for flipping houses, with years of experience in real estate investing.

To grow your real estate portfolio, we work with you to provide the best fix and flip loans within the shortest possible time. Our user friendly and streamlined process ensures zero hiccups in the application for and disbursement of loans.

So, contact us TODAY to get the support of the best residential hard money lenders.

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