Sandy MacDougall
President and Founder

 

Mortgage Vintage, Inc.
 3334 E. Coast Hwy., #408
Corona Del Mar, CA 92625
(949) 632-6145
www.mortgagevintage.com sandy@mortgagevintage.com
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Fix and Flip Loans. Mortgage Vintage, Inc. Loan Program Case Study.
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Loan Program Case Study



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Broker Newsletter 
Real Estate Investors are clamoring to purchase Fix and Flip and Fix and Rent single family homes in California.  Investors are navigating through multiple offers, bidding wars, all cash buyers, and escalating prices.  Mortgage Vintage, Inc. understands the difficulties on the acquisition side and has revamped our Fix and Flip and Fix and Rent loan programs to make borrowing hard money easier for Investors.  Our new programs are streamlined, less costly for the real estate investor and have increased Loan to Value capabilities.  Please send your real estate investor clients and loan scenarios to us today for a fast quote.
 
~ Sandy MacDougall

Recently Originated Fix and Flip Loan 

Location: Claremont, CA   

Property Type: Single Family Residence

Loan Type: Purchase 

Loan Amt: $263,813

Loan Term: 1 year (balloon)

Loan to Cost: 70.00%

Rate: 10.75% 

Lender Points: 1.50 pts  

 

 Click here for more information 

Fix and Flip Loan Program - New Terms

 Lending Criteria: 

  • 1st Trust Deeds on Non Owner Occ.  
  • 1 year term, 90 days guaranteed interest
  • Loan Sizes from $50k to $500k
  • 70% - 90% LTV on purchase price
  • Rates starting at 10.75%
  • Points starting at 1.50

 See the loan program specifics here 

Fix and Rent Loan Program - New Terms

Lending Criteria:  

  • Max LTV = 65% of Appraised or BPO Value
  • Rates starting at 10.50%
  • Purchase or Cash-Out
  • 1-5 year terms, 30-40 year amortization
  • Lender Fees = $1,595 with 2-3 points
  • Non-Owner Occupied

 See the loan program specifics here