Conventional Equity Builder Loan

  • Loans for Fixer properties and Upgrade and/or Add Space
  • Conventional Loan 620+ fico
  • Loan is for Purchase OR Refinance
  • Primary 1 unit to 97%, 2 unit to 85%, 3-4 units to 75%
  • Second Home 1 unit to 90%
  • Investment Property 1 unit to 85%
  • Streamline the process, closing occurs first, and then repairs are done after closing. You receive your commission and the seller receives their payoff sooner.
  • Buy a home in a neighborhood that they could not ordinarily afford purchasing a fixer-upper.
  • Include all their upgrades and repairs in one loan.
  • Purchase a home with only 3.0 percent down payment on the total sales price plus the cost of repairs.
  • Improvements can be room addition, carpeting, landscaping, plumbing, roofing or new kitchen bathrooms
  • Conventional loan product that finances investment properties purchases AND THE, cost to upgrade or add space with just 15% Down. Build immediate equity with just 15% down!!. The property will cash flow better since the market rent is based on market comparables but the loan amount is smaller!!, since the initial purchase price was smaller.
  • The same loan product can also be used for buying fixers for primary residence. Maximum of 97% loan amount. So just 3% Down !!You have a lower mortgage payment since you purchased low and you build immediate equity.
  • You can also use the same product for clients who own their homes and are looking to sell their properties. We will fund the cost of improvements or adding space so they can sell higher and net more equity from the deal.

*Loan not directly funded by Shining Star Funding

This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.