Fix and Flip Loans

WHAT ARE FIX AND FLIP LOANS?

Fix and flip loans are a type of mortgage that can be used to buy, fix up an sell for more. These types mortgages work well if you plan on investing in property because they provide higher returns than traditional first mortgages.

The “fix” part means making repairs or improvements such as updating HVAC systems while the flippable side allows investors who don't want too much hassle with maintaining their homes after purchase time comes around again - either way it's all about getting value out there!

How Much of a Loan Can I Get? 

Though the best terms are usually reserved for experienced investors with excellent credit and high down payment, you don’t need to have a history of successful real estate investments in order get this kind loan. Loans available both beginner or professional demographics that want participate more fully by taking on equity risks while still having access various financial incentives at their disposal like lower rates than banks offer otherwise - as well as those looking forward towards eventually selling off what they've purchased just so someone else will pay them back! Loan amounts typically fall between $200K-$2 MM depending on the project and the borrower.

The Loan amount is determined by assessing the estimated after-repair value, called ARV in short. We fund 75% of standard rehab and 70%. The costs can include hard or soft expenses like permits to make sure your home looks great again!

You can also get a quick cash injection with these short-term loans. There's interest only payment for 12 months and fixed rate. You might be able to use it as an individual or even company (LLC).

FIX AND FLIP LOANS WITH BAD CREDIT

The great thing about hard money loans is that you don't need good or higher credit. You just need an application, and we'll take care of everything else!

A minimum score of 620 will ensure your approval- even if it's not the best time for borrowers with less than perfect records in debt management - but there are still opportunities available to those looking beyond traditional methods like salary alone.

The FHA 203k loan is a great way to get your home re-built, and it can be an excellent option for those with bad credit. This type of mortgage allows you borrow between $5K - 35 K depending on how much money they have available in order put down as little 3%. There's also another program called Home Style Renovation Loans offered by Fannie Mae which offers tax benefits too!

19 Properties
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4
Beds
1F21/2
Baths
2,599
Sq.Ft.
1912
Year Built
29
Days on Site
24024390
MLS
5
Beds
3F21/2
Baths
5,424
Sq.Ft.
1997
Year Built
17
Days on Site
24025869
MLS
Pending
14195 Georgian Bay Dr Holland,  MI 49424
$600,000
Neighborhood: Macatawa Legends Golf Course
4
Beds
3
Baths
2,938
Sq.Ft.
2007
Year Built
86
Days on Site
24013508
MLS
Pending
7250 W Garbow Rd Middleville,  MI 49333
3
Beds
2
Baths
2,521
Sq.Ft.
1990
Year Built
63
Days on Site
24016785
MLS
Pending
547 Robbins Rd Grand Haven,  MI 49417
3
Beds
1
Baths
1,232
Sq.Ft.
1962
Year Built
45
Days on Site
24020883
MLS
4
Beds
2
Baths
1,824
Sq.Ft.
1954
Year Built
30
Days on Site
24024117
MLS
Pending
3015 Buchanan Ave SW Grand Rapids,  MI 49548
3
Beds
2
Baths
1,214
Sq.Ft.
1949
Year Built
158
Days on Site
24002238
MLS
Pending
222 W Michigan Ave Fremont,  MI 49412
3
Beds
1
Baths
1,442
Sq.Ft.
1953
Year Built
57
Days on Site
24018464
MLS
3
Beds
3
Baths
2,932
Sq.Ft.
1973
Year Built
3
Days on Site
24029474
MLS
Pending
1734 Manitou Ln Middleville,  MI 49333
1
Beds
1
Baths
1,035
Sq.Ft.
1940
Year Built
14
Days on Site
24027413
MLS
Pending
730 S Jefferson St Hastings,  MI 49058
3
Beds
1F11/2
Baths
1,420
Sq.Ft.
1900
Year Built
28
Days on Site
24024656
MLS
Pending
20019 Northrup Dr Howard City,  MI 49329
2
Beds
2
Baths
1,144
Sq.Ft.
1988
Year Built
56
Days on Site
24018817
MLS

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