FixAndFlip
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5/1 ARM

AS LOW AS 7.50%

PREPAYMENT PREMIUM:
3% - 2% - 1% STEP-DOWN

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7/1 ARM

AS LOW AS 7.75%

PREPAYMENT PREMIUM:
4% - 3% - 2% - 1% STEP-DOWN

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10/1 ARM

As low as 8.00%

PREPAYMENT PREMIUM:
5% - 4% - 3% - 2% - 1% STEP-DOWN

WHAT MAKES THIS A GREAT PROGRAM?

  • Portfolio or single-asset loans
  • 5/1, 7/1, 10/1 Interest-only ARMs
  • 30-year amortized with fixed initial interest-only payment period
  • Reasonable underwriting on cash flow requirements
  • Aggressive LTVs / high leverage
  • Min. FICO: 600
  • Up to 80% LTV (Purchase, Rate and Term Refinance, Cash-Out, Refinance)
  • Property Types: SFR, 2-4 units, condos, PUD's, townhomes