WE OFFER VARIOUS LOANS TO FIT YOUR FIX AND FLIP NEEDS OR YOUR RENTAL UNITS - SEE THE FOLLOWING:
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1. RENTAL REFI CASHOUT
No income verification loans for your rental properties - for challenged credit owners. Must own the property you live in. CASH OUT OK. Must be in a metropolitan or populated area. No Rural properties. Very streamlined. In 30 States.
2. OWN 5+ UNITS OR MIXED USE - Same guidelines as #1.
3. 90% PURCHASE AND 100% REHAB - EXPERIENCED ONLY
Must have 10 closings last 36 months (KEEP READING) - This can include rental properties that you Purchased 3 years ago and still have. Plus, any Fix and Flips you opened and closed last 3 years. In all States (case by case depending on transaction itself
4. 90% PURCHASE AND REHAB - FIRST TIME OR EXPERIENCED FLIPPERS
First time flippers with 685+ fico scores (Case by Case down to 620). Experienced flippers with 1 completed flip (minimum) last 24 months. Fico scores down to 620.
5. REHAB AND HOLD FOR RENTAL DON'T WANT TO FLIP? WANT TO HOLD AS A RENTAL? Up to 75% cash out with refi. Minimum fico 660. 30 yr. fixed
NOTE: all properties must be in a metropolitan or populous area. No rural areas.
6. GROUND UP CONSTRUCTION OR SINGLE LOT CONSTRUCTION - prefer at least one completed ground up. Or, prior fix & flip experience (last 24 months) and/or rental property ownership. In 42 States.
CALL LARRY IZENBERG AT CENTEX FUNDING.
LICENSED OVER 31 YEARS. NEVER A COMPLAINT......... 818-536-4900