Our goal is to get you into a property for as little cash out of pocket as possible. Thus, as long as the loan does not exceed the maximum LTV, you may have some or all of your closing and rehab costs rolled into the loan and you may get into a property with little or no money down.
Once your property is under contract and you have submitted your loan application, we use county records & MLS comps to conduct a comprehensive market analysis to determine value for conditionally pre-approving the loan.
For final loan approval, all loans require a Broker Price Opinion (BPO) or an appraisal from a licensed appraiser and ultimately the loan amount is based on that value. We will fund loans based on the ARV (after repair value) of the property requiring you to locate an appraiser who is willing and qualified to do an ARV appraisal with your repair budget in hand.