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Updated about 1 year ago on . Most recent reply

what lender is great with a first time fix-flip
Greetings everyone,
I'm looking for lenders who can work with a first timer of fix and flip. Can anyone suggest me one?
thank you
Most Popular Reply
Hey @Omar Ferrer,
For a first timer the biggest differentiator is going to be your FICO. Most lenders will be around 80% Purchase and 100% of rehab if the deal works out, but if you can show them a good FICO then you might be able to creep the initial loan amount up a bit more assuming the loan amount meets the criteria that they want.