First-time fix and flip loans
Your first flip, financed.
No completed flips yet? You’re welcome here. We fund the purchase and up to 100% of the rehab, and your leverage on the purchase rises with every flip you finish.
Rather talk it through? Call +1 (305) 857-5620
Do I qualify?
Five quick answers. No credit check, nothing saved.
Terms are subject to underwriting, appraisal, title, and insurance.
What a first-time flipper gets
The same loan, a lower start.
The purchase
The rehab
The terms
The speed
How leverage grows
Each flip you finish counts.
Leverage on the purchase price, by completed flips and credit score. The rehab is funded up to 100% at every step.
| Completed flips | Score under 740 | Score 740+ |
|---|---|---|
| First flip | Up to 80% | Up to 90% |
| 1–2 flips | Up to 80% | Up to 90% |
| 3–4 flips | Up to 85% | Up to 90% |
| 5 or more | Up to 90% | Up to 90% |
Worked example
A first flip, priced.
This first-time flipper brings $50,000 of their own, before closing costs.
Fictional scenario
Example: a first flip
An investor with no completed flips and a 720 credit score buys a dated single-family home.
- Purchase price
- $250,000
- Rehab budget
- $60,000
- After-repair value
- $420,000
- Completed flips
- None
- Credit score
- 720
What the loan looks like
- Loan toward the purchase80% of the purchase price
- $200,000
- Rehab budget, released by draw100% of the remaining budget
- $60,000
- Total loan
- $260,000
- Share of after-repair value
- 62%
Sized by our pricing engine for this made-up deal, before closing costs. Your rate and final numbers come from your own term sheet.
What to send
Your first-flip file.
Send these with the application and we can write your term sheet.
Purchase contract
Signed, with the price and closing date.
Rehab budget and scope
What you're doing to the property and what it costs.
After-repair comps
The sales you used to arrive at the after-repair value.
Entity documents
If you're buying in an LLC.
Recent close
A new borrower, closed fast.
Recent close
Fix and flip, Richmond, VA
- Closed in
- 8 days
- Financed
- 90% of the purchase and 100% of the rehab
- Borrower
- A new borrower
Questions
First flip questions, answered.
Something not covered here? Email info@fundedcapital.com or call +1 (305) 857-5620.
Can I get a fix and flip loan with no experience?
How much will you lend on my first flip?
How does my leverage grow?
What counts as experience?
Do I need income verification?
What should I send with my first application?
How are rehab draws paid?
How fast can a first-time flipper close?
Can I use a first flip as a step toward a rental?
Send us the deal.
The application takes about five minutes. A loan officer reads it and sends a written term sheet.