Fix & Flip Mortgage Loans
Wise Capital Mortgage offers a variety of fix and flip real estate loans for investors wanting to purchase and rehab an investment property. We offer a FixNFlip, Construction, Cash Out, Bridge Loans allow real estate investors to ability to capitalize on the amazing real estate investment opportunities the exist all across the country. At Wise Capital Mortgage we have a passion for helping our clients align with the best financing products and services to help them achieve their investment goals though real estate investing.
Fix and Flip Home Loans
Sometimes great opportunities come up in the market and you need to be able to react. Our fast closing fix and flip loans Allow you to purchase and renovate an investment property all in the same loan.
Fix & Flip Loan Home Loan Types
Type 1
7.5% Down For Fix And Flip
92.5% Loan To Cost
Up to 75% of LTV
Terms: 12, 18, 24 months
Rates From 9.00%-12.5% depending on number of flips with last 24 months, experience, and credit worthiness
Type 2
10% Down
90% Loan to Cost
LTV’s up to 75%
12, 18, 24 Month Terms
No Prepayment Penalties
Fico’s Down To 500
Rates from 9.99%-12.99%
Many Other Programs Available.
Bridge Home Loans
Type 1.
90% Of The Purchase And Rehab Costs
Loan To After Repair Value: Up to 75%
Term:13 months
Rates From 7.00%-11.5% depending on number of flips with last 24 months
Type 2
LTV’s up to 75%
12 month terms available
No Prepayment Penalties
Fico’s Down To 500
Rates from 6.99%-11.99%
New Construction Home Loans
5For the investors who own an investment property or a fully platted lot free and clean and is in need of capital for construction. We can lend up to 70% of the future value of a construction project with hard money.
Loan to After Repair Value 70-75%
- Up to 85% LTC, 70% LTV
- Loans from $100k to $5mm
- 12-24 month loan term options
- Non-recourse available
- Interest-only new construction loans, paying only on drawn funds
Cash Out Refinance Non-Owner Occupied
For the investors who own an investment property free and clear and wants to leverage that property for any reason.
Down Payment 0% if property is owned outright
Loan to As-Is-Value %50
Term 13 Months
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