You can qualify for 100% Financing for your project!
Learn what’s required to qualify- No Hidden Rules or Bait and Switch
Vault prides itself in transparency and loan approvals.
Check off each of the below items and you qualify.
- Minimum Loan amount of $75,000
- Maximum cost of purchase and rehab not to exceed 65% of After Repair Value*
- Total Rehab budget not to exceed 35% of the total project cost
- Property located in a county with a population greater than 100,000
- Complete a detailed scope of work
- Detailed photos of property
- Must purchase property in a legal entity (LLC, Corporation, Etc.)
- Credit score higher than 630 with no recent foreclosures or bankruptcies
- Maximum loan amount not to exceed five times the borrower’s current cash on hand**
- Experience is a plus but if it is your first deal there are qualifying exceptions***
- Provide a complete underwriting file
*Can go to 70% of ARV on your third loan with us or if you have completed 6 projects in the last 24 months.
** Can go up to six times current liquidity for more experienced borrowers
***General Contractors, having completed a course on rehabbing houses, having a partner with experience are all qualifying exceptions to experience