Funds for purchase + rehab or refinance + rehab
Construction loans for residential builders
30 year fixed product for stabilized properties
Yes, the maximum allowed property size is 5 acres.
No, Investor Finance Center does not cross collateralize and cannot provide portfolio loans. Each property needs to qualify individually and requires a separate application and loan.
No, we do not offer financing for raw or undeveloped land where there are no plans for development. If you are interested in building a dwelling on the land, you may qualify for a Ground Up loan.
The minimum loan amount of $100,000, property as-is value of $100,000 or higher, and after repair value of $150,000 or more.
No, we do not finance rural property.
Yes, an appraisal with interior access is required. For projects with 5+ units, a full commercial appraisal will be required.
For our fix and flip and ground up programs, we will need 6 comparable sales within a 5 mile radius sold within the last 12 months. While this is the general policy, there may be exceptions made with investment committee approval.
You need to be a US citizen or legal resident.
ranjeev@evolutionhomemortgage.com
757-971-2426
513 19th Street Suite 201
Virginia Beach, VA 23451
