UNIQUE PROGRAMS OFFERED BY ABACUS CONVENTIONAL REHAB LOANS up to 95% Financing(They have the right to choose any contractor, retailer, subcontractor to do the work). All we need is 1 estimate from anyone doing work on the property. Minor work can be done by the buyers, themselves. A home inspection is required to be done by the buyer and provided to the bank. 85% financing is available for rehab loans on vacation homes, too. We also have another program for conventional Borrowers with lower credit scores, but still doing conventional financing, we offer the same interest rates as borrowers with high scores. This unique program is only available in the following counties, Carbon, Monroe, Pike, Wayne, Lackawanna, Schuylkill, and Luzerne. We do Commercial loans where the lender doesn’t require an appraisal, but these are only available in Lehigh County. This saves up to $2,500+. We lend up to 75% LTV on the assessed value in the county records. All other counties we require a full commercial appraisal. Land loans on raw acreage up to 10 acres with septic permits. 30% down payment required. 95% financing conventional loans with NO PMI insurance, 2nd Homes to 90% Our overall minimum loan amount is $50,000! We finance Mobile Homes on Permanent foundation, Fee simple, 20% down payment and maximum term of 15 years. Bridge Loans available for homes Not Currently Sold but wish to take the equity from their existing home. Special Lender Credit (up to 3%) towards buyers closing costs, above and beyond the 6% seller assist! 3% Down payment conventional loans with 620 scores that allow 6% seller assist for first time home buyers. FHA Loans with scores down to 500. Down payment is 10%, and borrows must show a recovery period from their last delinquency. They must provide proof of 12 months rent checks and utility bills to show no late payments in the past year. Conventional loans offering ability to RECAST mortgage with a large principal reduction after closing!! We finance non warrantable condos that aren’t approved by Fannie Mae. 95% Condo financing available, too! No Income Verification Loans using bank statements to show deposits ( in lieu of tax returns).