Nationwide Lender can Finance 100%
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See Video above. The Lender will finance 100% of the purchase price and 100% of the rehab costs or 70% of the after improvement value, which ever number is lower. The after improvement value is determined by an appraisal
The terms are interest only for 12 months or less with no prepayment penalty.
The lender requires a 3 month reserve account which is returned to the borrower when the loan is paid off