Rehab Money Lenders

Rehab money lenders are generally hard money lenders in comprising of selected groups of hard money lenders. The rehab loan is also known as renovation loan and it can be used for purchasing the home or for repairing it or for the rehabilitation of the property, which is purchased for applying or purchasing the rehab loan; the borrower must be able to fulfill all the terms and conditions which are required, must fulfill the required income limits.

For qualifying of the rehab loan in , there are various restrictions which must be considered as follows:

• Signed purchase & sale agreement for one to four families home.
• Housing debt must be less than 33% of the income of borrower and the total monthly debt must be less than 41% of the income of borrower.
• At the time of closing of rehab loan the borrower will be fully responsible for the total mortgage payment on the total principal amount.
• The Rehab hard money lenders charges very high fees.
• There is no application fee of the loan.

The person who helps the borrower to borrow money from the private investors is known as Rehab loan lenders, who are known as loan officer in bank. The borrower can search online the rehab loan lenders in from the directory list:

• According to the location
• According to the type of loan
• According to the keyword( Rehab loan)

According to the type of loan, the lender is selected and for this purpose the guide directory helps a lot.