Chicago,United States – March 30, 2022 —
FBC Funding has launched 100% fix and flip loan programs on purchases and renovations. They also fund rehab lines of credit, DSCR rental loans, and no-seasoning refinance rental loans up to 80% loan-to-value. Through these programs, they offer up to $10 million credit limit to experienced investors.
More information can be found at: https://www.rehablender.net/100-fix-and-flip
The new 100% fix and flip loan programs charge interest only on the funds disbursed and feature interest-only payment periods ranging from 8 to 12 months.
Program 1, offering 100% on purchase and renovation, is available to investors with a credit score above 620 who have previously completed at least one flip. Programs Two and Three are similar, with varying benefits and requirements to ensure a high level of flexibility.
The benefits and requirements for the different programs are documented on the FBC Funding website.
FBC Funding also offers DSCR Rental loans, which are an option for investors who cannot secure Fannie Mae or Freddie Mac loans. These investor-only programs are available at competitive rates and are not open to borrowers in owner-occupied homes. Unlike the fix and flip packages, these programs are not suitable for individuals with poor credit but are better suited to long-term investors.
The company also offers a range of rental loan programs requiring no income verification. These range from single loans up to $3 million for a single loan with up to 85% loan to value, blanket loans, and portfolio loans covering several properties.
About FBC Funding
FBC Funding is based in Chicago with loan officers and programs offering flexible finance solutions to real estate investors across the country. Their website also offers listings of recommended professionals to support investment projects. More information can be found here https://www.rehablender.net/rental-loan
According to a spokesperson for the Chicago fix and flip financing experts, “FBC Funding is here to partner with real estate investors, helping new and experienced investors meet their short term and long term financing needs. FBC Funding offers better products, better pricing, and better service to real estate investors in over 40 states.”
All interested parties can find more information at https://www.rehablender.net/hard-money
Release ID: 89072319
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