Fix and Flip Property Loans are especially attractive to….Investors who want to buy and renovate quickly. With some exceptions, you must finish the job in 6, 12 or 18 months depending on the lender.
Fix and Flip Loans:
Key Facts About Loan:
Fix and Flip Property Loans are short term, interest only loans.
Lots of properties types qualify - Besides single-family homes, you also can purchase a condo, a 2- to 4-unit multi-family, or even a multi-family with 5+ units.
Funding in as little as 7 days.
Financing for up 100% of renovation expenses and as little as 10% of the total project costs as long as the final loan amount is less that 75% of the properties after repair value.
Foreign Nationals are eligible.
There are options for clients interested in no credit check, no income verification, no survey and no appraisal. While these may be costlier alternatives they are easy, and offer the fastest closing times.
832 301 6541
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Figure: 7 TAC § 80.200(b) CONSUMER WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
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