FIX AND FLIP BUY AND HOLD
Property Type SFR 1-4/PUD's/Condos SFR 1-4/PUD's/Condos

Maximum LTC/LTV

From 75 to 90% of PP or AV
From 80 to 100% of Rehab
Up to 75% of AV
Term 12 to 13 months

30 year fully amortized

Single Property Yes Yes
Portfolio Yes but limits based on experience Yes
Purpose Purchase or Refi Purchase or Refi
Maximum LTV From 65% to 75% of ARV 75%
Foreign Investors Yes Yes
Amortization Term  Interest Only 30-year full amortization
Prepayment Penalty No Yes for first five years
Minimum Loan Size $75,000 $45,000
Interest Rates Typically between 9-13% Starting at 6.5%
Points 2%-4% 2%-4%
Min Credit Score 620-630
One lender has no minimum
620-630