Loans Program for Residential Fix & Flip Investment Property

Lending Area: Limited to the markets of San Antonio and Austin (other areas may be considered on exception basis)

Transaction Type: Purchase Only

Loan Amount: $100,000 up to $750,000

Loan to Value: Up to 65% ARV with 10% to 15% down

Rehab Money: If available, held in escrow and released in typically 2-3 draws in arrears as work is completed.

Credit Score: No minimum credit score

Other Items that may be needed for final approval and closing:

  • Completed Loan Application
  • Borrower Credit Authorization Form
  • Signed Commitment Letter, Estimated Closing Costs & Escrow Analysis
  • Copy of valid ID (DL, etc.)
  • Contact info for Insurance
  • Copy of Earnest Money Contract (if purchase)
  • Copy of detailed repair list and costs
  • Corporate Entity Documentation
  • Copy of most recent survey
  • Fee for BPO (Real Estate Broker Price Opinion) or Appraisal, depending on loan amount

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