I have heard many real estate agents say that the only way to close on condemned houses is cash.
This is not true!
There is a GREAT residential REHAB loan:
This is how it works:
- 80% LTV of the purchase plus construction costs
- 620 Minimum FICO
- 50% DTI
It is that easy!
Dax Dickson
612-578-9898
Closing Creative Commercial Mortgage Loans in Minnesota!!!!!!!!!!!!
Learn more about Bank Owned investing
Learn more about commercial mortgage loan programs available in the Minneapolis & St Paul, MN Metro area that can help those looking to secure purchase rehab mortgage loans for properties that do not qualify for programs like private/hard money loans or the FHA 203K rehab mortgage loan.
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