LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Newport News, Virginia |
Population | 179,225 |
Map Coordinates | 37.07°N 76.52°W |
Median Home Price | $186,600 |
Housing Units Owner Occupied | 34,578 |
Housing Units Renter Occupied | 36,340 |
Hard Money Loan Volume | $123,557,715.00 |
Rental Property Loan Volume | $151,975,989.45 |
Bridge Loan Volume | $43,245,200.25 |
Fix & Flip Loan Volume | $93,903,863.40 |