Can a first-time flipper get a fix and flip loan?

Yes, but not at 100% loan-to-cost. On the published bridge grid, a first-time investor starts at 70% loan-to-value with 660–699 credit and up to 80% with 720 or higher. The 100% option opens after three closed projects on a loan of $1M or less, and is always capped at 75% of after-repair value.

Do I need to show tax returns or W-2s?

Fix and flip loans are sized on the property and the project — purchase price, rehab budget, and after-repair value — rather than on your personal income.

Can ITIN or foreign-national investors get a fix and flip loan?

ITIN and foreign-national borrowers have their own program, with separate leverage limits and a few county exclusions. Check the ITIN and foreign national loans page before assuming the fix and flip numbers apply.

Fix and Flip Loan Requirements

Q: What documents do I need for a fix and flip loan?

A loan application, government photo ID, entity documents, a credit authorization, the purchase contract, and your rehab scope and budget. CR Equity AI handles the property valuation, so you do not hire an appraiser.

What you need to qualify

The loan must be for business purposes: you are buying or renovating to sell or reposition the property, not to live in it. You can borrow in your own name or through an LLC or other entity.

Most property types qualify, including single-family rentals, multifamily, mixed-use, retail, industrial, storage, and hospitality. RV parks and trailer parks do not. Soft credit pull only — no hit to your score to get terms.

How experience changes what you can borrow

Three closed projects and a loan of $1M or less qualify you for up to 100% of the project cost, always capped at 75% of after-repair value. Your credit score does not decide that 100% option, though the deal still has to pass underwriting.

With fewer projects you can still qualify, at a lower maximum. On the published bridge grid, a first-time investor starts at 70% loan-to-value with 660–699 credit, and up to 80% with 720 or higher.

Documents to have ready

Expect a loan application, government photo ID, entity documents (articles, operating agreement, EIN), a credit authorization, the purchase contract, and your rehab scope and budget. CR Equity AI orders the AIVAA™ (AI Valuation & Analytics Assessment) valuation; you do not need to hire an appraiser.

Fix & Flip requirements checklist

Detail	CR Equity AI
Loan purpose	Business purpose only — not a home you live in
Minimum loan	$75,000
Maximum LTC	Up to 100% with 3+ closed projects and a loan of $1M or less; otherwise up to 95% — always capped at 75% of ARV
ARV cap	75% of after-repair value
First-time investor	Starts at 70%–80% loan-to-value, depending on credit
Loan term	Up to 24 months, with up to 36 more months to stabilize — no new application
Valuation	AIVAA™ — no traditional appraisal
Where we lend	46 states plus DC and Puerto Rico — all except Vermont, North Dakota, South Dakota, and Nevada
Credit check to see terms	Soft pull only — no effect on your score

Who typically qualifies

Investors buying and renovating a property to sell or reposition
Owners funding renovation on a property they already own
LLC and other entity borrowers
Deals with a written rehab budget and a realistic after-repair value

Not eligible

A home you plan to live in
RV parks and trailer parks
Loans under $75,000
Properties in Vermont, North Dakota, South Dakota, or Nevada

Frequently asked questions

Direct lender. We lend our own capital. Soft credit pull only — no hit to your score to get terms.

Brokers: you can submit a client’s deal or learn about our broker program.

See my Fix & Flip terms Fix & Flip program →