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Silver Program - Fix & Flip Investor Funding

Up To 90% Of Purchase Price and Rehab Cost combined!


 Silver Fix & Flip  –  Investor Funding Program

$50,000.00  –  $1,000,000.00 Loan Amounts!

90% Financing Of Purchase And Rehab Cost Combined! 

Refinance With Rehab Loan Available!

*Only 2.75% Lender Origination Fee! 


Fix & Flip SILVER Program Highlights:

– Only 10% Down Payment Required (for qualified borrowers)!

600+ Minimum Credit Score Required! 

– *2.75% Lender Origination Fee Or $3,800.00 (whichever is greater)

– 1st Time Investors With 680+ Credit Qualify For 90% Financing!

– 90% Financing Of The Purchase Price And Rehab Budget Combined – Not To Exceed 70% Of After Repair Value!

Current As-Is Value Is Not Considered Or Reviewed For Funding Approval!

– Loan Amounts Of $50,000.00 – $1,000,000.00.  Loan amounts below $75,000.00 are capped at 65% of ARV!

– Close In 12 Business Days From Receipt Of All Required Documents!

– Foreign Nationals OK with minimum of two (2) completed flips within last 24 months!

– First Time Investors OK!

– Refinance Plus Rehab Loan Available! (See details below)

– 13 Month Term With No Prepayment Penalty!

– Assignment Fee Allowed With Purchase With Maximum 10% Increase in Sales Price!

– Purchase Only Option Available for Tier 3 Investors! 

   For Same Day Pre-qualification  –  No Credit Pull Required  –  Click Here 


Funding Available NATIONWIDE except:

Alaska, Hawaii, Idaho, Maine, Montana, Nevada, New York, North Dakota, Puerto Rico, South Dakota, Utah and Vermont  

For Illinois, Maryland and New Jersey:  Minimum loan amount is $75,000.00.

Business Entity Required:  All investor loan transactions must close in the name of  a business entity!  



1.  Minimum Credit Requirements

– Minimum 600+ Credit Score Required For Funding Approval.

– Minimum of three (3) open tradelines with 24 month history.

– 1st Time Investors With 680+ Credit Qualify For 90% Financing.

For Illinois, Maryland and New Jersey:  Minimum loan amount of $75,000.00.


2.  Qualifying Credit Criteria

No bankruptcies in past three (3) years

No foreclosures, short sales, or deed in lieu in past 2 years

Minimum of two (2) credit scores are required to reflect on credit report

IMPORTANT NOTE:  Any member of the business entity contributing cash assets to the transaction must meet qualifying credit criteria.


3.  Verification Of Liquid Cash Assets Is Required*

To qualify for funding approval, you must provide most recent 2 months bank statements that reflect an ending balance that covers the following specific transaction related items:

– Down payment

– 10% of the total rehab budget is required to be documented as “liquid reserves contingency”.  This is not a cost to be paid at closing.

– Six months (6) of reserve monthly interest payments.  This is not a cost to be paid at closing.

– Lender loan origination fee and applicable closing cost

Stocks, bonds, mutual funds, retirements accounts are reduced to 50% of value for calculating verification of assets.

Any LARGE DEPOSITS will be required to document the source of deposit(s).

*Borrower must show a minimum of $15,000.00 in cash liquid assets to qualify for funding approval.  Regardless of total assets, $15,000.00 must be in liquid cash in on demand account (checking, savings, money market).

Note:  We do not advance rehab/construction loan funds.  Rehab funds are disbursed (at your discretion) as work is documented as completed with your project.

4.  Loan Origination Fees

–  2.75% of total loan amount OR $3,800.00 (whichever is greater)

–  Processing Fee:  $895.00


4.1  Construction Budget / Rehab Funds Disbursement Policy

–  We do not advance rehab/construction loan funds.  Rehab funds are disbursed (at your discretion) as work is documented as completed with your project

–  Request for disbursement of construction/rehab funds are initiated via online portal.  Funds are normally disbursed within 3 business days after completion of inspection/validation of completed work.

–  There is a $200.00 inspection/draw fee for each disbursement of construction budget funds.  The fee is deducted from your construction budget at the time of each disbursement.

–  There is no minimum or maximum number of draws against the construction budget.


5.  Maximum “Loan To Cost” (LTC) & Interest Rate Based On Number Of Prior Completed Fix & Flips Last 24 Months

Level 1:  0 flips*             12% interest rate         90% LTC          70% ARV

Level 2:  1-4 flips           11% interest rate         90% LTC          70% ARV

Level 3:  5+ flips            10% interest rate        90% LTC           70% ARV

*0 flips with less than 680+ credit = 85% LTC and 65% ARV)

**Loan To Cost (LTC) = total loan amount as a percentage of purchase price and rehab cost combined.

QUALIFYING FLIP DEFINITION:  Completed flips are defined as residential investment properties that were acquired within the last 24 months AND renovated and sold within 12 months of acquisition. 


6.  Required Documentation    See bottom of this page for list of required documents


6.1  Transactions/Properties Ineligible For Funding

– Non-arms length transactions

– Commercially zoned real estate

– Multifamily (5+) real estate, Mixed Use Properties, Manufactured, Dome, Log Homes or Houseboats, Timeshares

– Rural Properties and Raw Land

– Properties less than 700 sq ft of living/heated area


7.  Qualifying Types Of Properties

Single Family residences and 2-4 units.  Non owner-occupied only.  No primary residence or vacation homes.  No condo’s.


8.  Refinance Plus Rehab Loan

– Refinance with a rehab loan is structured the same as Silver Funding Program fix and flip product.

– No seasoning on title is required for refinance with a rehab loan.

– Maximum 90% financing of payoff amount plus cost of rehab combined, not to exceed 70% of After Repair Value (ARV) (based on borrower qualification).

– Difference between payoff amount and original purchase price will be applied towards down payment.

– Closing cost can be included in loan amount if the difference between the payoff amount and original purchase price qualifies.  Reviewed on a case by case basis by the underwriter.

– Cash out option is only available if property is owned free and clear and if determined by the underwriter.

– Must provide a construction budget/scope of work detailing specific repairs just like a fix and flip project.

For Refinance With Rehab – Prequal Application  –  Click Here


9.  Purchase Only Option for Tier 3 Investors

    – Max loan amount is 75% of purchase price or current As-Is value, (whichever is less)!
    – A drive by appraisal is completed AND interior access to the property is not required!
    – Minimum loan amount is $50,000.00!
    – Distressed properties OK!
    – 13 month term, interest only payment!
    – No prepay penalty!
    – 10-12 business days to close!
    – No verification of income or employment!


10.  Proof Of Funds To Close 

Minimum $15,000.00 In Liquid Checking/Savings Account Required For Funding Approval! 

You must clearly document that you have the funds to close, which includes; down-payment, lender fees and closing cost.  Loan files are not submitted for underwriting approval without proof of funds to close.

11.  Full Property Appraisal Required

A traditional full property appraisal is ALWAYS required to underwrite and fund a investor loan for this product.  We will order an expedited appraisal at time of submission of loan file for underwriting approval.  Cost of appraisals vary based on geographical market but can typically range from $375.00 – $600.00.

Terms of Loan Funding

12.  Interest Rates

Interest rates range on average from 9.99% to 12% depending on credit score and number of prior completed fix and flip transactions within last 12 months. See guidelines above.


13.  Seller Concessions / Seller Paid Closing Cost / Assignment Fees

Seller may contribute up to 3% of the agreed purchase price towards buyer closing cost expenses or concessions in the contract to purchase.

The maximum Assignment Fee is 3% of the contract purchase price.


14.  Subordinate Financing

Subordinate financing is NOT allowed, which includes 2nd mortgages and seller held financing.None.


15.  Required Documents For Funding Submission

Business Entity Borrower (Must close in the name of a business entity)

__ Clear and legible copy of drivers license (all members of business entity)

__ Purchase and sales agreement

__ Last 2 month’s business bank statements (must include all pages)

__ Articles Of Organization for LLC Or Articles Of Incorporation for a Corporation

__ Operating Agreement or Corporate Charter/Bylaws

__ Certificate Of Good Standing (Issued By Secretary Of State within 30 days)

__ Scope Of Repair Work (Template Provided)

Note:   Terms are subject to change. Final terms vary depending on the property and borrowing entity

Get Started Now – Free Pre-qualification – 600+ Credit OK!

Low Rates – Flexible Terms – Close in 10-12 business days!