RLS Mortgage deals primarily with real estate investors who fine-tune and re-sell homes throughout the state of Arizona. We provide quick and easy funding for potential investors looking to restore old, broken down residential properties. Some of the types of loans that we handle include REO purchases, trustee sales, and short sales. RLS lending programs consist of a 12-month plan with no prepayment penalty. We are able to fund loans in 24 hours or less.
FIX & FLIP FUNDING PROGRAM
12 MONTH TERMS
- Rehab funds available
- Rates from 14-18%
- Loan Origination: 0-1 points
- 1 Year Term
- Up to 80% Loan to Cost
- No Prepayment Penalties
- No Extension Fees
- Rehab Cost Draws
- No Appraisal Fees
APR for $150k: 15 % with 1 point= 16.3% | APR for $150k: 18% with $900 fee= 18.6%
LOAN REQUIREMENTS
We generally require two of the following forms for proof of ability to make payments:
- Bank Statement
- Balance Sheet
- Tax Return
- W-2’s
- Pay Stubs