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Old 09-28-2005, 10:19 AM
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Default Rehab Loans Available

Rehab Loans

Term : 15,20 and 30-year Fixed rate
3/1 year ARM,5/1 year ARM, 7/1 year ARM

Minimum Loan Amount : $50,000
95% LTV plus 75% ARV
For owner-occupied, can go to 97% LTV
Temporary Buydowns options are available

Eligible Borrowers: U.S citizens
Permanent Residents
Non-Permanent Resident Aliens

Property Eligibility:
Primary Residences
Second Homes - 1 unit only
Investment Properties : 1-4 units
Manufactured Housing

Ineligible Properties:
Singlewide manufactured Homes
Condos with leaseholds
Commercial Properties
Working Farms
Native American Leasehold Estates

Fritz cadet @ Heinch Lending Group

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