Introducing Rehablend
Introducing Rehablend, providing an easy and efficient path for real estate investors and brokers who need to refinance or finance their properties.
Delivering solutions for a wide marketplace of people looking for loans including, but not limited to Real Estate investors, Brokers, Attorneys, Real Estate Agents, and Lenders. We quickly find a private lender that is seeking to fund deals in your local area that will be able to deal with your loan request.
Residential Rehab loans for Real Estate Investors offer guidance for new and experienced investors, helping to fund the purchase and renovation of residential properties. The rehab loan is a solution used by short term investors looking to fix and flip a property (renovate and then sell on for a profit) as well as long-term investors looking for renovation financing for rental properties. These have specific uses and borrower requirements.
Delivering solutions for a wide marketplace of people looking for loans including, but not limited to Real Estate Investors, Brokers, Attorneys, Real Estate Agents, and Lenders.
There are two principle types of rehab loans for real estate investors, the first would be a permanent mortgage for rehabs. These fund owner-occupied renovations as well as one single-unit investment property. These have specific uses and borrower requirements.
The Permanent Mortgage for Rehabs is offered by Fanny Mae (the commonly used term for the Federal Mortgage Association) and also a publicly traded company since 1968.
The second type of rehab loan is the Hard Money Rehab loan. These are loans offered by private lenders and help investors purchase and renovate investment properties. They can fund single-family houses as well as multi-unit properties. There are no limits to the number of properties an investor can finance. The flexibility that this of this type of this type of loan makes it the more commonly used of the two.
The rehab loans are available nationwide, allow homebuyers and homeowners to finance both the purchase or refinance along with the renovation of a home through a single mortgage, simplifying things for the individual These are ideal as they offer quick funding times with interest only payments. Also referred to as Flip Loans, this type of finance option is becoming increasingly common in the marketplace, allowing a wide range of consumers accesses to readily available finance options.
Principal benefits of this are that the buyer just has one loan and that there is a wide field scope of renovation projects that it allows for including aspects such as remodels for a disabled person, improving your homes energy efficiency, modernizing your residence and much more.
The Nationwide Rehab Program is available nationwide, providing several types of loans for investors including residential loans for private investors, real estate investors, rehab construction loans, multifamily rehab loans.
Rehab loans and refinancing options are available nationwide. The Rehablend Refinance Program allows members with an existing loan a simple and easy way to restructure their existing agreements. The starting loan amount begins at $50,000 ranging to a maximum of $50,000,000. Interest rates range from a very reasonable to 10.00% to 12.00% with the term duration from twelve to twenty-four months. The Nationwide Refinance Program generally takes 2 to 3 weeks to close, although it can be much quicker on occasions. No seasoning is required, all markets are considered acceptable for investing from nationwide urban, suburban and rural. A minimum personal FICO score of 500 is a very attainable pre-requisite as is the requirement that applicants have experience of at least three deals behind them. Acceptable are property types are 1-4 family residential and multifamily. Closing fees start at $1000.