Residential Fix & Flip programs

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Residential
No Income Verification Rate Sheet & Matrix #2:

Wholesale Residential Rate Sheet & Matrix #1:

Updated September 04, 2017  

Updated September 15, 2017 

No Income Verification Rate Sheet & Matrix:
No Reserves
Up To 75% LTV
$2,000,000 loan amounts
Interest Only payment available 
No Pre Payment Penalties
Stated Income for 1 – 4 unit properties:
Investment
Business purpose O/O
Foreign Nationals
Cross Collateralization
Fix & Flip
Up to 90% Loan To Value No Mortgage insurance
No Foreclosure, Short Sale or BK Seasoning
Owner occupied 90% LTV and Non Owner 85% LTV
Two years from Short Sale to 90% LTV
One year from Short Sale to 85% LTV
$3,000,000 loan amounts
50% Debt to income
Bank Statements for Income to 90% LTV
Alternative-In-Full & Asset Depletion No Income or Employment Requirement
NO Reserves, NO Pre Payment Penalties
Closing points: 5%

Maggi Plus # 4:

First mortgage #3:

Updated August 24, 2017  

Updated August 24, 2017  

Alt-A Residential Rate Sheet & Matrix*:
Rates starting at 4.875% 
90% LTV with Only 24 months seasoning from:
Foreclosure
Short Sale
Bankruptcy
No 4506T’s
Interest Only for Self Employed Borrowers
12 Months Bank Statements used for Income
$3,000,000 loan amounts
Product Type:
First Position Mortgages
30-Year Fully Amortized Term
7/1 Hybrid ARM - 7-Year Fixed Period followed by a 23-Year Adjustable Rate Period set to the 1- Year CMT Index, or a 30-Year Fixed
No Prepayment Penalty
Must have Impounds
Interest Only Payments
Bank Statements for Income
Apply today. Please complete mortgage application (1003) 
                              Borrowers Authorization
                              3 years tax return (full docs only) and 3 months bank statements
                              Copy of purchase contract
                              Copy of articles of Corp or LLC
                              Rehab budget or construction budget with plans and permits
                              Most recent (tri-merge) credit report    email package to newloans@americapdirect.net
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FIX AND FLIP FUNDING IN 10 DAYS
​Purchase and Refinance up to 90%

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While we offer a variety of Hard Money Loans in most states, we do not lend on primary residences or owner occupied homes. We will not make exceptions for this as we do not offer lending for this. However, we do offer hard money lending for these types of hard money loan needs:
Purchase and Cash Out Refinances for your Investment Properties  #5                  
Call today 877-998-7539
  • Our hard money purchase loans (no rehab needed) are as follows                                                 [Purchase-Money-Cash-Out-Hard-Money]
  • Loan terms 1-3 years
  • rates from 7-8%
  • 75% on purchases, 70% on rate/term refinances, 65% for cash out
  • For properties that don’t need rehab
  • Rented or vacant OK
  • Loan amounts from 50k and up
  • 10-15 day closings
  • 660 mid fico and up
  • Property types eligible for our hard money purchase money and cash out loans
  • investment properties(1-4 unit residential only), warrantable condos OK
  • We will NOT lend on owner occupied homes
  • All properties must close in a Corp or LLC name
  • Many of our borrowers use their own funds to purchase properties for cash and then use our purchase money and cash out refinances program to pull either some equity back out of the property to fund their next deal, this program is ideal for those that just rehabbed a property and either its rented or vacant, and they want to cash out to do their next deal.   Both our Hard Money purchase money and cash out refinances as well as our Soft Money purchase money and cash out refinances can close in a short amount of time.
      ARV and Construction loan program #6

70% ARV Fast and Easy 7 day closing rehab program now available in the following states:  
 AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NH, NJ, NC, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, WY

  • 630 Mid fico and up (end of March 2017 this will be lowered to 600 and up)
  • 1-4 unit residential investment properties only for this program
  • Borrower must show the ability to make monthly payments
  • Up to 90% Loan to Cost (90% purchase/90% repairs) [rehab-loans]
  • Up to 70% ARV
  • Rates from 9.99% -12% (depending on experience)
  • Same parameters in these states for ground up construction loans! 
  • Brokers protected as always!
  • Same day decisions
  • 7 day closings
  • Loan amounts from 30k-3M (higher case by case)
  • Rehab loans in NY from 125k loan amount and up
  • Borrower must have 25k in liquid assets to qualify
  • Must close in a Corp or LLC name
  • Submit your rehab loans below and we will get right back to you.
Our hard money purchase loans #7 (no rehab needed) are as follows    

        [Purchase-Money-Cash-Out-Hard-Money]

  • Loan terms 1-3 years
  • rates from 7-8%
  • 75% on purchases, 70% on rate/term refinances, 65% for cash out
  • For properties that don’t need rehab
  • Rented or vacant OK
  • Loan amounts from 50k and up
  • 10-15 day closings
  • 660 mid fico and up
  • Property types eligible for our hard money purchase money and cash out loans
  • investment properties(1-4 unit residential only), warrantable condos OK
  • We will NOT lend on owner occupied homes
  • All properties must close in a Corp or LLC name
  • Many of our borrowers use their own funds to purchase properties for cash and then use our purchase money and cash out refinances program to pull either some equity back out of the property to fund their next deal, this program is ideal for those that just rehabbed a property and either its rented or vacant, and they want to cash out to do their next deal.   Both our Hard Money purchase money and cash out refinances as well as our Soft Money purchase money and cash out refinances can close in a short amount of time.
#1 Construction Loan Program in the USA   #8

This program is now available in the following states:  AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NH, NJ, NY NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, WY

  • 7 day closings
  • Same day decisions
  • If you own the land that will be considered your skin in the deal
  • We lend up to 90% of lot purchase and 90% of the construction costs.
  • Rates from 9.99-12%
  • 1st time builders OK
  • Loan amounts from 30k – 3m
  • Larger loans considered case by case
  • 1-4 unit properties only
Quick Application
Customer Name
Loan type: Purchase-Refinance-Construction-Rehab
Email
Property address
Loan to value
phone number
Fico score
sqft & age of property
Property type: House-Condo
2016 Gross income
2015 Gross income
Year to date income
Down payment?
Requested term: 2,3,5,10 or 20 years
Are you shopping this loan& any issues?
Property value
Cash out amount
Total loan needed
non owner or owner occupied
Broker name/Phone email address
Loan seeking: hard money, Conventional, VA, Construction, REHAB
Are you: Broker/Agent Principal Attorney
How fast do you need to close?
Date
Purchase price
Submit