We’re constantly analyzing data to train our machine learning models and inform our credit policies. Recently, we’ve lowered our bridge FICO minimum requirement to 600+ for qualifying clients. With newly expanded FICO bands, you have the potential to approve different clients and scale your business. Please note that all terms and borrowers are subject to credit approval.
We’ve also increased our bridge rehab limit to $500k maximum for clients of all REI experience levels. Take advantage of our other bridge loan program highlights, such as:
- Rates as low as 6.5%*
- Minimum 600+ FICO – new
- Max $500k rehab size with up to 100% of rehab costs covered – new
- Loans from $50k to $3MM
- 12, 18 & 24-month terms
- Up to 90% of the purchase price
- Up to 75% of after-repair value
If you’re planning to buy a distressed property, now may be a good time to buy. Just make sure you’re aware of the risks and understand what you’re getting into. Distressed homes offer a unique buying opportunity for real investors, but the average home buyer should probably look elsewhere.
If you need funding, apply now. I am working online with the rest of you.
Patrick St. Cin
W – 512-213-2271