Loan amount
$105,000
Loan type
As-Is Property Value
$250,000
LTV
42%
{LTV}
Property type
Single family home
Borrower Details
Credit score
720
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
Flooded house, hoping to buy, fix damage, then live in the house. Asking price $105K but will offer $60K. Putting $20K down. Renovation budget $50K. 3 month timeline. ARV $250K. Not yet in contract. Property located in Midland, MI. Annual household income $72K. Flexible on loan duration.
Status
Closed
Created
September 1, 2020 - 3:06pm
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