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, download here
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 borrowers 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