* * * * * Renovation Loans up to 100%
• All Normal Qualifying Conventional Conforming and Alt-A Loan Products Available (Government, Sub-Prime, and Alt-A loans excluded)
• NO Pre-Prepayment Penalty (2yr or 3yr PPP - Better the Rates)
• Buyer Only Needs to Provide a Contract or Written Estimate for Repairs/Remodel of Home. We CAN USE a Subject To Appraisal.
• Renovation Loan cannot be used to pay personal bills or for landscaping.
• Purchase or Refinance Available
• Up to 100 % of the Value of the Home Available.
• 6 Mo. PITI Reserves May be Added into Loan so Borrower has no Payments during Renovation.
• Loan Proceeds Used First to Complete The Purchase Transaction and then All Remaining Moneys Go In To Escrow and Are Distributed Like a Construction Loan With Levels Of Completion and Inspections.
• Renovation must be complete within 1 Year.
• After Completion of Renovation- Remaining Moneys may be given to Borrower or Used as a Principal Reduction Payment.
• Investment Properties Okay to 95% Full Doc and 90% Stated, but may Not Be Used for FIX/Flips. Must Hold Loan Minimum of 6 Months.
Naiche Sedillos, President
VIP Capital Funding
7300 E Arapahoe Road
Centennial, CO 80122
303-459-4109 Direct
720-255-6041 Cell
866-478-0320 Efax
VIPCapitalFunding@Gmail.com