How Do I Qualify for 100% Financing for My Fix & Flip Project?
NSS Lending offers 100% financing on fix and flip loans, a program geared towards savvy investors. 100% financing doesn't mean you don’t need any money, in fact, the opposite is true. Liquidity speaks volumes! We want to see you have up to 25% of the rehab budget or $15K, which ever is greater, plus closing costs.
What does my credit need to be to get 100% financing?
650+ Credit = 65% of the ARV
700+ Credit = 70% of the ARV
No bankruptcy or foreclosure in the last 24 months
Your primary residence needs to be within 100 miles of the subject property or you have completed similar projects in the same market.
What if I'm doing the BRRRR method, can NSS refinance my property into a long-term DSCR loan?
Should you decide to keep the property once the project is complete, we're here to help you refinance your short-term bridge loan in to a long-term 30-year fixed DSCR loan for up to 75% of the appraised value.