Residential Loan Fix & Flips
Residential Loans Fix and Flips
Fix and flip loans are popular for real estate investors looking to quickly purchase and renovate a property. These loans are short-term, with repayment terms ranging from a few months to a few years.
At CentrustOne Capital, we offer to fix and flip loans for residential properties, including single-family homes, townhouses, and condominiums. These loans provide financing for the purchase of the property and the cost of renovations.
Our fix and flip loans are designed to give investors the capital to quickly purchase and renovate a property. We offer competitive interest rates and flexible repayment terms, making it easier for investors to profit from their investments.
Residential Loan Programs
You must provide information on your income, credit score, debt-to-income ratio, employment history, and personal identification.
A conventional loan is a mortgage not insured or guaranteed by the government and usually requires a down payment of at least 3%.
A jumbo mortgage is a home loan that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, typically for loans above $548,250 (as of 2021).
Government-insured mortgages are home loans backed by the federal government, such as FHA, VA, or USDA loans, which typically offer more flexible eligibility requirements and lower down payment options.
A secured loan is a loan that requires collateral, such as a home or car, which the lender can seize if the borrower defaults on the loan.
Mortgage insurance is an insurance policy that protects the lender if the borrower defaults on the loan. It is typically required for borrowers who make a down payment of less than 20% on a home purchase.
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