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ELISEC
93 Posts |
 Posted - 08/26/2008 : 3:39:31 PM
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| Anyone out there doing residential rehab loans? |
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privatecash
1755 Posts |
Posted - 08/26/2008 : 3:41:59 PM
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| We have private investors that do rehab loans in SoCal. We provide 90% LTV for acquisitions and 100% of the rehab costs up to 65% of the ARV. Email details for pricing. |
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GBoneske
123 Posts |
Posted - 08/26/2008 : 4:38:24 PM
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| I use 203K for residential rehab. |
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ELISEC
93 Posts |
Posted - 08/26/2008 : 5:24:19 PM
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It's a property in WA state. Honestly I have never done a rehab loan and have no idea how they work, please help? The purchase price is 260,000.00 it's bank owned and client estimates that it will take 60k to finish. He has 74k in assets to go toward the project.
Thank you,
Elise |
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GBoneske
123 Posts |
Posted - 08/27/2008 : 06:07:19 AM
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| Elise, contact your investor reps and see who is offering the 203K. I do mine with Countrywide. |
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privatelender4u
173 Posts |
Posted - 08/27/2008 : 07:30:16 AM
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If it's in FL, DC, MD or VA. We might be able to do it.
Charles |
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clarenceworley
4200 Posts |
Posted - 08/27/2008 : 07:33:17 AM
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| Insurance usually covers rehab for up to 15-28 days. |
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clarenceworley
4200 Posts |
Posted - 08/27/2008 : 07:34:55 AM
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| Seriously though-Freedom Mortgage wholesale out of NY and M&T do 203k, streamlines, and fannie mae rehab loans last I checked. |
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kennethortiz
143 Posts |
Posted - 08/29/2008 : 02:36:29 AM
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We do rehab loans in all 50 states.
12-14%, 4-8 points
100% Financing Up to 70% LTV of ARV
Call Kenny @ 1-877-752-5601 or check out www.wnfunding.com
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HMDApproved
694 Posts |
Posted - 08/29/2008 : 05:15:39 AM
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| 203k here, 97ltv |
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