# Fix and Flip Loan Requirements: What Lenders Actually Check Canonical HTML: https://capitalpartnerloans.com/blog/fix-and-flip-loan-requirements Source site: Capital Partner Loans ## Fix and Flip Loan Requirements: What Lenders Actually Check Fix and flip loan requirements: 600+ credit, up to 93% LTC, no income docs, no appraisal. Here is what lenders check before funding your next deal. ## What credit score do you need for a fix and flip loan? The minimum credit score for a fix and flip bridge loan through Capital Partner Loans is 600. Borrowers in the 600 to 639 range are eligible but may see slightly lower LTC and rates toward the upper end of the 9.90 to 11.90 percent range. Borrowers at 680 or above typically receive the most competitive terms. Bridge lenders do not evaluate debt-to-income ratio or employment status, so your credit score is the primary personal financial variable in the approval. ## How much do you need to put down on a fix and flip loan? Capital Partner Loans funds up to 93 percent of total project cost (purchase price plus renovation budget), which means a borrower brings approximately 7 percent of total cost at closing. On a $200,000 total project, that is roughly $14,000 of borrower capital. The exact down payment depends on the deal specifics, the borrower's credit profile, and the LTC the lender approves for that particular transaction. ## Do fix and flip loans require an appraisal? No. Capital Partner Loans does not require a formal appraisal to close on a fix and flip bridge loan. The lender uses an internal desktop valuation to confirm the deal's after-repair value and purchase price reasonableness. Eliminating the appraisal removes 2 to 3 weeks from the typical lending timeline, which is one reason bridge loans through Capital Partner Loans can close in as little as 48 hours when title is clear. ## Can a first-time investor get a fix and flip loan? Yes. Capital Partner Loans works with first-time fix and flip investors. The deal math matters more than your experience record. First-time investors may be asked to use a licensed general contractor rather than self-performing the renovation, and the lender may apply a slightly more conservative LTC. The core requirements remain the same: purchase price, renovation budget, ARV, and credit score. ## How fast can a fix and flip loan close? Capital Partner Loans issues term sheets within 24 hours of a complete deal submission and can close bridge loans in as little as 48 hours when title is clear and the deal is clean. The most common closing delay in fix and flip financing is title work, not the lender. Investors who have entity documentation, a signed purchase contract, and a scope of work ready before submitting move the fastest. ## Fix and Flip Loan Requirements What you are paying for the property relative to its current as-is condition and comparable sales in the market. Lenders confirm this is a real transaction at a defensible price. Overpaying for the acquisition puts stress on every other number. Renovation budget. The total estimated cost to complete the rehabilitation. The lender is advancing capital against the future value of the finished asset, so a documented and realistic budget matters. A vague or unsupported number creates friction at underwriting. What the property will be worth after renovation, based on closed comparable sales within a reasonable distance. The lender uses ARV to confirm the deal has enough upside to support the loan. Strong comps move deals faster than anything else in the submission. The ratio of the loan amount to total project cost (purchase price plus renovation budget). Capital Partner Loans funds up to 93% LTC on fix and flip bridge loans. At that ceiling, you are bringing roughly 7 cents of every project dollar to closing. 600 to 639: Eligible. Expect slightly more conservative LTC (roughly 85 to 88% rather than 93%) and rates toward the upper end of the 9.90 to 11.90% range. 640 to 679: Solid. Standard program terms are fully available. Most deal structures qualify without additional conditions. 680 and above: Best pricing. Top-tier LTC, lowest available rate, and the fewest underwriting conditions. Small mixed-use properties with residential units above commercial space Townhomes and attached single-family residences in established metro markets ## Rural properties on large acreage with non-standard zoning Manufactured or mobile homes not permanently affixed to a foundation Properties in flood zones where flood insurance is unavailable or cost-prohibitive Properties with title issues or mechanic liens that cannot be resolved at closing Fix and flip bridge loan vs conventional vs DSCR loan requirements comparison ## Fix and Flip (Bridge) ## 10 (Fannie Mae cap) ## Acquisition and renovation Submit your deal online. Property address, purchase price, renovation budget, ARV estimate, and basic borrower profile. The form takes under five minutes. No income documentation at this stage. Review within two business hours. The team identifies the best lending match for your deal size, credit profile, and property type. Term sheet within 24 hours. Rate, LTC, loan term, origination points, and any deal-specific conditions. You review and decide whether to proceed. Appraisal-free underwriting. Internal desktop valuation confirms the deal economics. No scheduled appraiser, no 3-week wait. Close in 48 hours. When title is clear, the purchase contract is signed, and the scope of work is in hand, the deal closes. Not weeks. Days. The minimum credit score for a fix and flip bridge loan through Capital Partner Loans is 600. Borrowers in the 600 to 639 range are eligible but may see slightly lower LTC and rates toward the upper end of the 9.90 to 11.90% range. Borrowers at 680 or above receive the most competitive terms. Bridge lenders do not evaluate debt-to-income ratio or employment status, so your credit score is the primary personal financial variable in the approval. Capital Partner Loans funds up to 93% of total project cost (purchase price plus renovation budget), which means you bring approximately 7% of total cost at closing. On a $200,000 total project, that is roughly $14,000 of borrower capital. The exact down payment depends on deal specifics, credit profile, and the LTC the lender approves for that particular transaction. No. Capital Partner Loans does not require a formal appraisal to close on a fix and flip bridge loan. An internal desktop valuation confirms the deal's after-repair value and purchase price reasonableness. Eliminating the appraisal removes 2 to 3 weeks from the typical timeline and is one of the main reasons bridge loans through Capital Partner Loans can close in as little as 48 hours when title is clear. Yes. Capital Partner Loans works with first-time fix and flip investors. The deal math matters more than your experience record. First-time investors may be asked to use a licensed general contractor rather than self-performing the renovation, and the lender may apply a slightly more conservative LTC. The core requirements remain unchanged: purchase price, renovation budget, ARV, and credit score. Capital Partner Loans issues term sheets within 24 hours of a complete deal submission and can close bridge loans in as little as 48 hours when title is clear and the deal is clean. The most common closing delay in fix and flip financing is title work, not the lender. Investors who arrive with entity documentation, a signed purchase contract, and a scope of work move the fastest. s credit profile, and the LTC the lender approves for that particular transaction.", }, }, { "@type": "Question", name: "Do fix and flip loans require an appraisal?", acceptedAnswer: { "@type": "Answer", text: "No. Capital Partner Loans does not require a formal appraisal to close on a fix and flip bridge loan. The lender uses an internal desktop valuation to confirm the deal