Loan amount
$90,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$255,000
ARV
35%
{ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Rock Springs
State
Wyoming
Loan Details
Current mortgage balance
$0
Cost of improvements
$90,000
Estimated property value after repairs
$255,000
Additional Loan Information
My mother passed away last year leaving me this house. I would like to borrow money to rennovate to bring the value up before selling. The house is currently 2 bed/1 bath. I would like to make it 3 bed/2 bath, as well as add a deck and replace the old brick fence. These upgrades should bring the value up by about $80K based on comps in the area.
Status
Open
Created
April 6, 2023 - 3:31pm
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