Mortgage lead for Residential loan in Melrose, FL, 32666

Loan Request for Residential loan in Melrose, FL, 32666

Request #3741898 by Lender

Date Posted

6/16/2025 3:47:00 PM

Property at

Melrose, FL, 32666, USA Show Map

Borrower at

Hernando, FL, 34442, USA Show Map

Property Type

Residential

Property Value

$110,000

Purchase Price

$110,000

Loan Request

$88,000

LTV

80 %

Credit Rating

660-679

Net Worth

$2,000 - $5,000

Loan Purpose

Purchase Fix N' Flip

Purpose

Title: Loan Purpose

The requested loan amount is $170,000, which I intend to utilize for a "Purchase Fix N' Flip" project. With these funds, I aim to acquire a residential property at 100 Lake Carleton Drive, Melrose, FL, noted as a minor fixer-upper, and enhance its value significantly.

The investment in upgrading the property will not only improve its resale value but also contribute to a thriving neighborhood. This strategic enhancement is expected to generate a substantial return on investment, thus boosting my financial standing, as well as supporting local property values.

Lenders will find this loan a prudent and low-risk opportunity. Given my credit score of 660-679 and a stable income of $5,500 against expenses of $2,500, the risk of default is minimized, ensuring reliable repayments.

I am confident that this loan will be mutually beneficial and I genuinely appreciate your consideration of my application.

Hard Money Guides

TYPES OF LOANS WE HANDLE:

PRE-APPLICATION OPTIONS:

CALCULATE FIX N' FLIP MAX LOAN AMOUNT IN STATE

BLOG SUBJECTS

Loan Request for Residential loan in Melrose, FL, 32666