Investors rehab programs... from Mike Young
Trying to figure out just how YOU can capitalize on the current forecloser market? Possibly rehab your existing rental properties or use it to aquire additional rental properties
There are a couple of programs made just for YOU
and
HomeStyle® Renovation
by Fannie Mae
These loans both have features exclusively for investors or second home purchase and renovation.
Start the process by getting with your lender and filling out a short questionaire or get on the FAST TRACK by filling out a loan application kit or package. The first option will give us a quick look at your investor profile and generate a call from one of our staff members who will walk you through the process. The second option puts you on the FAST TRACK to getting your loan closed in the shortest possible time frame.
I hear horror stories all the time as to how long it takes to close a loan. Whatever time it takes it starts when the above information gets into your lender's hands.
Let's start with the
loan program
This is for Fannie Mae foreclosures
Finance 1 and 2 unit properties for investors
Finance up to 50% of the after improved value of the property
15% down for investors on 1 and 2 unit properties
Fannie Mae loan limits are effective
Up to 4 properties with no MIP
Up to 10 properties total including what you own already... I can show you how to get more
How about the HomeStyle® Renovation by Fannie Mae for your existing rental properties. Now you can refinance them and get the money to make those needed repairs all in one low interest loan program for investors.
This program is for any 1 or 2 unit property that falls within the Fannie Mae guidelines.
20% down for investors