I have a client that needs rehab funding. He has 10% down and has a 640 credit score. Loan amount would be $155,000. Can anyone do this?

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Comment by Gina Henson on December 1, 2020 at 3:59pm

Monty,

Sent you a message. Thank you :)

Comment by Shaun Tollman on December 1, 2020 at 3:57pm

Thank you for always pointing me and the other members of your website in the right direction. I appreciate the referral brotha!

Comment by Admin on December 1, 2020 at 3:41pm

Gina this is Monty, owner of this website. I offer the same score and LTV options as you do. I use 2 different lenders that offer the 90% at 680 FICO. Wonder if we are using the same funding sources? I use one out of Dallas and another in Illinois. PM me! Let's talk.

Big Shaun - The best I have with a 640 score is 80% with funding for 100 of rehab. Rate is 10,99%. Athas may offer something for this so I would try contacting them. Not sure who to direct you to at Athas. I only know the owner of the company and he obviously doesn't do loans personally. Try calling Athas at (877) 877-1477, I do not use them personally but Athas Capital is a big company, lends direct, and their owner is a badass. I recommend trying them.

Comment by Gina Henson on December 1, 2020 at 3:08pm

Hi Shaun. Just for basic knowledge, my main focus is rehab funding and the best I have right now is 85% LTV purchase funding with a 650 score, or 90% LTV with a 680 score. Both programs WILL let you finance all rehab costs. I just don't know of a lender, at least a reputable one, that will consider going up to 90% with a credit score that low. I hope you find what you need!

Gina Henson

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