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Fix & Flip


Fix & Flip


A fix and flip loan is short-term financing that real estate investors use to buy and renovate a property in order to resell it for a profit, a process known as house flipping.These loans are typically used to purchase residential real estate, finance renovations and improvements, as well as cover additional expenses associated with listing and selling the property.  SO GET ON IT & FINANCE YOUR NEXT PROFITABLE VENTURE WITH FDM.


Fix and flip loans can be structured in different ways, such as a term loan or line of credit, depending on your financing needs. These loans are typically secured by the property you’re purchasing or renovating. To determine the amount of funding you’re eligible to receive for your loan, We use the LTV (loan to value) and ARV or after-repair value. The loan-to-value ratio, or LTV, compares your loan size to the value of the property. The maximum LTV available for fix and flip loans is typically 90%. For example, if you’re buying a $100,000 property, we will provide 90% LTV and lend you $90,000. You have to provide the remaining $10,000 as a down payment. ARV also comes in play. For example, if We offer 75% ARV, we will lend a maximum of $140,000 on a home that will be worth $200,000 after repairs.


Fix and Flip Loans also consider Investor experience when determining LTV/ARV/Rates and points etc.


The above description is very basic and does not cover all the details.  Every loan product has fine nuances, exceptions, exclusions and inclusions. To find out which loan product fits you best you should consult a Morgage Loan professional for tailoring your loan to your needs and your situation.  FDM is qualified for all these loan products and more, including grants and other unique products.

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NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829

No FDM Borrower Left Behind!

 

555 Quince Orchard Road, Gaithersburg, MD 20878

Direct:  (301) 869-6000 | (866) 527-8052  |  contact@fdmhome.com

NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829