Inexperienced Builders/Flippers Program
Start Your Real Estate Investment Journey with Flexible Financing
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What to Expect
Inexperienced Builder Financing at a Glance
Loan Amounts
$300,000 - $3,000,000
FICO requirement
550+
Maximum LTC
Up to 90%
Maximum ARV-LTV
Up to 65%
Inexperienced Builder Loans 101
What are Inexperienced Builder Loans?
Our Inexperienced Builder program is designed specifically for new investors entering the fix and flip market. This NIVA (No Income, Verified Assets) program provides flexible financing options for various transaction types, from purchase and renovation to refinancing, with higher leverage options to help you get started.
How do Inexperienced Builder Loans Work?
The program evaluates projects based on multiple metrics including After-Repair Value (ARV), As-Is Value (AIV), Loan-to-Cost (LTC), and Land-to-Purchase (LTP) ratios. Different transaction types offer varying leverage options, with purchase/fix and flip transactions receiving the highest leverage at 80% AIV-LTV and 90% LTC.
Benefits of Getting an Inexperienced Builder Loan Through Joseph Capital Network
Higher Leverage Options
Access up to 80% of current value and 90% of total cost for purchase and fix/flip transactions. This higher leverage structure helps preserve your working capital while providing sufficient funds for both purchase and renovation. Our tiered approach to different transaction types ensures optimal financing for your specific project needs.
Flexible Credit Requirements
Qualify with credit scores as low as 550, with case-by-case review available for scores under 620. We understand that credit isn't always perfect, especially when starting out. Our program focuses on project viability while maintaining flexible credit requirements to help new investors enter the market.
Multiple Transaction Types
Choose from various transaction structures including purchase-fix and flip, refinance-fix and flip, or straight purchase/refinance options. Each transaction type has specialized leverage ratios designed to match your project goals. This flexibility allows you to structure deals that align with your investment strategy.
No Reserve Requirements
Get started without tying up capital in reserves. Our 0-month reserve requirement helps maximize your available funds for project execution. This feature is particularly valuable for new investors who need to maintain liquidity for project management and unexpected costs.
Minimum Requirements to Qualify
Our Inexperienced Builder program welcomes new investors who meet these criteria:
- 550+ FICO score
- Investment property transactions only
- Clean title
- Viable renovation plan
- Project budget within program parameters
- U.S.-based properties
Understanding Inexperienced Builder Requirements
Success in fix and flip projects requires more than just meeting minimum qualifications. We evaluate each application based on
Transaction Types
Various structures available including purchase-fix and flip (80% AIV/65% ARV), refinance-fix and flip (75% AIV/65% ARV), and straight purchase/refinance options.
Financial Parameters
Credit scores starting at 550 with case-by-case review for sub-620 scores. No reserve requirements to help maximize available project capital.
Project Structure
While we welcome first-time flippers with solid plans, experience can qualify you for better terms
Fix and flip transactions offer highest leverage with up to 90% LTC and 65% ARV-LTV ratio support.
Speak With a New Investor Specialist
Get expert guidance on structuring your first fix and flip project.
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Need assistance?
Connect with one of our financing specialists at (855) 777-1069.