Residential Transitional Loan Program
Verus Residential Transitional Loan Program
Residential Transitional loans provide financing to borrowers interested in purchasing homes in need of repair.
Purchase and Delayed Financing
- Terms up to 18 months
- FICO 600 Min
- As is LTV for Purchase loans to 85%
- 100% renovation funds subject to AR LTV up to 75%
- SFD, condos and 2-4 Units: OK
- 5+ units by exception
- Loan amounts up to $4mm
- Experienced and less-experienced programs available
- Small and Large renovation projects financed
- Ground-up Programs available
Our non-QM programs break through the barriers that keep creditworthy borrowers from the financing they need, through proven processes and common-sense underwriting.