Summary of published terms
- Loan types
- Fix & flipHard moneyDSCR / rental
- Channel
- Direct to investors
- Min FICO (lowest stated)
- 640
- Max purchase LTV
- Not published
- Max cash-out LTV
- 75%
- Min DSCR
- Not published
- Loan size
- $100K–$1.25M
- Prepayment penalty
- Not published
- Short-term rentals
- —
- Foreign nationals
- —
- Coverage
- Fix-and-flip lists 18 states.
Alabama, Connecticut, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Massachusetts, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia
Summary fields show the lender’s rental/DSCR program where it has one, otherwise its bridge program. Loan size spans all programs listed.
Program details
Fix & flip program
- Loan size
- $100K–$1.25M
- Min FICO
- 650
- Leverage
- 100% of purchase & rehab; 65–75% ARV by FICO/experience
DSCR / rental program
- Loan size
- $100K–$1.25M
- Min FICO
- 640
- Max LTV
- 75% cash-out
- Notes
- 30-year rental loan offered through a partner