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Fix & Flip Loans 

What is a fix & flip loan?

A fix and flip loan can offer investors the flexibilty of using our short term funds rather than their own cash.  What we will offer is a line of credit that you can borrow against.  You will only need to qualify once a year.  From there, we will only need to document the sales contract, scope of work to be done, and as completed appraisal.  

Can I qualify for a fix & flip line?

Conventional financing appeals to a wide demographic, although it is best suited for those with a good credit score. While you can still qualify with a lower score, there may be higher costs associated with your mortgage.

If you have good credit and money for a down payment, you can take advantage of some great options with a Conventional loan. Be sure to check with your Loan Officer about your specific situation.

How much is the down payment for fix & flip loan?

A Conventional loan can require as little as 3% down, making it a great option for those who do not want an FHA loan. While Conventional loans do require mortgage insurance if you are putting less than 20% down, you can cancel the mortgage insurance after your home equity reaches 20%. Even better, Conventional financing does not require Upfront mortgage insurance like an FHA.

If you're ready to start your home buying journey, speaking to a loan officer is a great place to start.

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Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

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“Licensed by the NJ Department of Banking and Insurance, Pennsylvania Department of Banking and Securities, Florida Office of Financial Regulation.  NMLS #195400

© Copyright 2016 EVESHAM MORTGAGE. "Preparing you for generations to come."

103 Route 70 East. Suite 2

Marlton, NJ 08053

(856) 985-9944

NMLS     |     FAIR LENDER     |     FAIR HOUSING

“Licensed by the NJ Department of Banking and Insurance, Pennsylvania Department of Banking and Securities, Florida Office of Financial Regulation.  NMLS #195400

© Copyright 2016 EVESHAM MORTGAGE. "Preparing you for generations to come."