At ZINC Financial, we offer house flipping loans for investors ranging from first-time flippers to serious industry pros. To make our residential rehab loans as beneficial as possible, we’ve broken them down into three separate programs.
ZINC Rehab Beginner
On the first tier, we have the ZINC Rehab Beginner loan. This loan is intended for investors who have completed less than three flips. Beginner loans can range from $50,000 to $800,000 for a term of nine months, with up to one 3-month extension. The rate on beginner loans starts at 10.99% with 3 points. The loan-to-value ratio can be up to 80% of the purchase price, and ZINC Financial can fund beginner loans within seven to ten days of approval.
ZINC Rehab Pro
The next level up is our ZINC Rehab Pro loan. This loan is intended for investors who have successfully completed and paid off three or more transactions within the last 12 months. These transactions can be with any lender — you don’t have to be a returning ZINC investor — though ZINC will require before-and-after pictures of the properties in order to assess the quality of your work.
ZINC Rehab Pro loans are available in amounts ranging from $50,000 to $1 million. They have a term of nine months with up to one 3-month extension and start at a rate of 9.99% with 2.5 loan points. The loan-to-value ratio can be up to 80% to 85% of the purchase price, and these loans can also be funded in as little as seven to ten business days.
ZINC Rehab Diamond
The ZINC Rehab Diamond loan is our premier house flipping loan. It is available to experienced investors with whom we have developed a strong working relationship and investors with excellent reputations in the industry. The ZINC Rehab Diamond loan is available in amounts ranging from $250,000 to $1.5 million. The term can be up to 24 months to allow for the extended rehab time of luxury flips. The rate on this loan is 9.75% with points starting at 2.5. Again, this loan can be funded in seven to ten business days.
To learn more about our house flipping loans, click here or give our office a call at 559.326.2509. We are happy to answer any questions regarding current promotions and our various loan programs.