Fix-n-Flip Loans
Can I Qualify for a Fix-n-Flip Loan?
At Cumberland Financial, we have programs to qualify nearly every borrower. And we’ll get you qualified faster than a traditional bank for a fix-n-flip loan. Many different property types qualify for a fix-n-flip loan, including single-family properties, condominiums, two- to four-unit multi-family properties, and even multi-family properties with five or more units.
What are the Characteristics of a Fix-n-Flip Loan?
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Finance 80 to 85% of the purchase and rehab costs, with some loans financing up to 90%
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12-month terms, with some loans up to an 18-month term
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Some loans must be personally guaranteed
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Interest only payments
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No prepayment penalty
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Generally, minimum credit score of 620