-- Maryland (Counties of Montgomery, Prince George’s, Charles and Ocean City. All other areas of MD on-- a case by case basis.) -- Washington, DC (Entire area.) -- Virginia (Counties in Northern VA near DC, Richmond, Henrico, Hanover, Chesterfield, Tidewater Areas.)
Loan Parameters:
- Up to 60% LTV based on ARV - 12% to 16% Interest - 4 to 6 Points - 6-month balloon note (longer terms possible) - Repair money in escrow and released in draws - Experience is not required for approval