Close in 5-7 days with up to 90% LTC and no appraisal.
Fix to Rent Loan Requirements
To qualify for these loans, investors must meet the following criteria:
Property Types
1-4 unit residential properties, including single-family homes, townhomes, condos, duplexes, triplexes, and quadplexes.
Required Documentation
A legally registered business is required to get funding.
- Driver’s License or State ID
- LLC Articles of Organization
- LLC Operating Agreement
- EIN Letter (IRS-issued tax ID)
Minimum Credit Score
680+
Minimum Loan Amount
$100,000+
Previous Experience
No experience is required to secure financing, however experienced investors are granted more flexibility for projected rental income.
Rehab Experience
No previous experience is required unless you are changing the number of bedrooms, expanding the square footage, or doing a significant renovation.
Landlord Experience
No experience is required to refinance into a 30-year fixed rate loan product, provided investors own a primary residence.
Minimum DSCR
1.1x is the minimum DSCR requirement. To calculate DSCR, divide rental income by the sum of property taxes, insurance, principal, interest payments and any HOA fees.
Get Pre-Approval Today
Ready to move forward with your fix to rent project? Complete the form to request a personalized quote and secure the financing you need.
- No appraisal required
- Secure up to 90% financing
- Close as fast as 5 days
Whether you’re a seasoned investor or flipping for the first time, having an experienced financial partner can make all the difference.