Basic Requirements

1. A Property or Deal in Hand

You must have a specific property under contract or already owned if refinancing.

2. Down Payment or Equity

Expect to put down 0%–20% for purchases or have 30%–40% equity for refinances.

3. Clear Exit Strategy

You should have a plan to repay the loan via sale, refinance, or rental income.

  • Purchase contract (if under contract)

  • Scope of work (for flips/construction)

  • Photos or appraisal

  • LLC/entity documents 

4. Basic Documentation

5. Credit & Experience

  • Credit score: 600+ preferred (flexible)

  • Experience: Not required but helpful

You'll need funds for:

  • Down payment

  • Origination points (1–3%)

  • Closing costs

  • Reserves or rehab if needed

6. Cash to Close

Tip: Even if you don’t check every box, a strong deal with equity and a solid plan may still qualify.