Non-owner occupied rehab financing up to 100% of the total rehab budget. Max 70-75% of After Repair Value funds are disbursed over draws upon verification of completed work. Interest is paid on the total loan amount, including the undrawn funds and a general contractor is required for first time flippers. This program is not designed for ground-up construction. Fix and flip loan program also available – financing up to 90% of the purchase price, not to exceed 75-80% of “as is” value.