ULTIMATE BUILDERS' AND FLIPPERS' NO PAYMENTS FUNDING PROGRAM My client Isaac couldn’t believe the loan terms on this new construction and flippers' funding program. He said “Steve, dude, are you ---ting me? I’ve been a builder for 15 years and have never seen a program like this. No payments until the house is sold?” My response was “Dude I’m not kidding you!
Hey Friend, Steve here with the new ULTIMATE BUILDER’S AND FLIPPERS – NO PAYMENTS UNTIL THE HOUSE IS SOLD - FUNDING PROGRAM.
It just came in today to test the market so we wanted to get it to you right away. Not sure how long it will last. Loan to cost up to 85% on the house and lot
ARV: Maximum loan to 70% of ARV
interest rate from 10 to 11%. Not rolled in, so you are not paying interest on interest. It is completely deferred. You pay only on the amount that is advanced.
Credit score: Minimum of 640
Build up to 4 SFRs at a time
No reserves to show after closing
Flat fee of $495 for the appraisal
Roll in all the closing costs within the 70% of ARV
No income verification
We are not kidding!
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