Real Estate Frequently Asked Questions

What are my chances of approval?

This is the question we are asked most. The answer is close to 100% if the following conditions are met:

  1. Your FICO is 575+ with no foreclosures (A bankruptcy should be discharged 2 years before applying)
  2. You have CASH or cash equivalent available to cover the down payment and closing costs.
  3. The property ARV is supported by local comps.

Can I get a Proof of Funds Letter?

Yes, we will provide you an approval letter if required. Most sellers read our letter and accept it even though it is not as strong as a proof of funds letter.

Can I do the Rehab myself?

Yes, You may do any or all of the work yourself. Unlike many online lenders we do NOT require licensed contractors for your renovations.

Can I get 100% Financing?

Yes. If you have 680+ credit score and 40k or more in household income then you may qualify for unsecured credit card financing to fund your down payment. It’s free and won’t impact your score to see how much you may qualify for.

Will you pull my credit?

We will never pull your credit until you have been approved and TELL US to schedule an appraisal and closing. Until then, you will tell us your approximate score and we will work with that.

Do you offer 30 Year loans? – BRRRR Strategy?

Yes. BRRRR (Buy, Rehab, Rent, Refinance, and Repeat) investors love us because we can refinance the property without a seasoning requirement. The right property allows you to refinance the flip loan AND CASH OUT your original down payment and some of the profit. Rates vary widely by property/credit but expect rates starting in the 5’s (adjustable) or low 6’s fixed for 30 years.

What are the costs and rates?

We’re happy to send your EXACT costs in black and white for any property you are considering. We never ask for any money until closing (at closing you pay YOUR attorney). See “next steps” below on how to get a loan summary/term sheet and approval letter – all without pulling credit.


We’ll provide a free loan term sheet so you can see EXACTLY what the costs/rate/down payment will be. To provide you that we will need just a few bits of information:
  1. The purchase price of the property
  2. The subject property address.
  3. Your estimated rehab/construction budget
  4. Your expected after repair value
  5. Your estimated credit score
  6. The number of real estate deals you have done in the past few years plus the number of rentals currently owned
  7. If a 30 year loan: rents, annual taxes and insurance