General eligibility considerations include:
- Investment property (non-owner occupied only)
- Clear exit strategy (sale or refinance)
- Property condition and overall marketability
- Borrower experience (program dependent)
- Credit profile (minimum credit score of 660 for most programs)
- Entity structure (LLC or Corporation)
- U.S. property location (state eligibility applies)
- Rural properties are reviewed on a case-by-case basis and typically require experienced borrowers
- Borrower liquidity must be demonstrated (amount varies by program)
Credit Score Note
Most loan programs require a minimum credit score of 660. Borrowers with credit scores below this threshold may be reviewed on an exception basis, depending on the overall strength of the deal.
Important Disclaimer
Eligibility requirements vary by lender and loan program. Final approval is subject to underwriting review and lender guidelines.
Required Documents
Required documents vary by loan program, property type, and deal structure. In general, borrowers should be prepared to provide the following:
Deal-Level Documents
- Completed loan application
- Purchase contract or settlement statement (HUD-1 or Closing Disclosure, if applicable)
- Property details (address, property type, purchase price or current value)
- Rent roll and lease agreements(for rental or DSCR loans)
- Scope of work or renovation budget(for Fix & Flip loans)
- Construction plans, budget, and timeline (for Ground-Up Construction loans)
Entity Documents
- Entity formation documents(LLC or Corporation)
- Articles of Organization or Incorporation
- Operating Agreement (LLC) or Corporate Bylaws
- EIN (Employer Identification Number)
- Certificate of Good Standing
Borrower Documents
- Government-issued identification
- U.S. Driver’s License or Passport
- Work visa (if applicable)
- SSN or ITIN
- Bank statements or proof of liquidity (program dependent)
- Track record or experience summary (program dependent)
Important Note
Additional documentation may be required based on the loan program, property type, and underwriting guidelines. Submission of documents does not constitute loan approval.