FAQ
Frequently Asked Questions
Got questions? We’ve got answers. Below are the most common things investors ask us before getting started.
1. What kinds of loans does Flip Fuel Lending offer?
- Fix & Flip loans: short-term purchase-plus-renovation financing (12–18 months).
- Construction loans: funds for new builds or major rehabs.
- Bridge loans: transition capital for quick-close or light rehab acquisitions.
- DSCR Rental loans: income-free verification, cash flow–based loans on rental properties with up to 30-year terms.
- Rental Portfolio loans: blanket financing for 5–20+ properties with consolidated payments.
2. What are the basic product terms and rates?
- Fix & Flip: starting around 8.99%, up to 90% LTC or 100% rehab, 12–18-month terms.
- Rental/DSCR: rates start in the mid-5% range with fully amortizing or ARM options up to 30 years.
- Portfolio loans: structured to scale across multiple properties.
- Construction and Bridge: intermediary solutions with terms and pricing tailored to project scope.
3. Do I need experience to qualify?
No. Flip Fuel Lending evaluates each project on its own merits. You do not need prior fix-and-flip experience—you may still qualify if the projected ARV and rehab plan are solid.
4. Is income documentation required?
For DSCR-based rental loans: no income or W-2 documentation required. Underwriting is based on projected rental cash flow. Fix & Flip and Bridge require property-based metrics (ARV/LTC), not personal income.
5. What credit score is required?
Typically, a FICO score of ~660 or higher is standard. In some cases, lower scores may still qualify—terms depend on project details and borrower history.
6. What types of properties are eligible?
Eligible property types include:
- Single-family rentals, 2–4 unit buildings
- Warrantable condos, townhomes, small multifamily units
Properties must be non-owner-occupied residential; commercial uses are not eligible.
7. What is the minimum and maximum loan amount?
- Fix & Flip loan amounts generally range from $50K to $3MM.
- DSCR and Portfolio products typically start at $75K, with maximums up to $2.5MM or more depending on portfolio value.
8. Are there prepayment penalties?
There are no prepayment penalties on our Fix & Flip, Bridge and Construction Loans. For rental property loans, depending on the terms, their may be prepayment penalties, but these terms can be flexible in that aspect.
9. How long does it take to get approved and funded?
Flip Fuel Lending offers a streamlined underwriting process—loan approvals and closings can happen as quickly as 7–14 business days, depending on documentation timeliness and title availability.
10. What fees should I expect?
Upfront fees may include origination, appraisal, title, and closing expenses— typically amounting to 2–5% of the loan amount, depending on loan type and complexity.
11. Can foreign nationals qualify?
Yes. Borrowers located outside the U.S. or foreign nationals are eligible for certain products, subject to compliance with grievance and nationality protocols.
12. Where does Flip Fuel Lending lend?
Nationwide coverage with a few exceptions: Flip Fuel Lending currently does not fund loans in Minnesota (MN), North Dakota (ND), Oregon (OR), South Dakota (SD), Utah (UT), and Vermont (VT).
13. How is construction draw funding handled?
Flip Fuel Lending uses a DIY draw system—you upload photos of completed work via a secure portal and can receive funds in as little as 24–48 hours once approved.
14. How is loan eligibility assessed (ARV, LTC, DSCR)?
- Fix & Flip: underwriting based on After Repair Value (ARV), Loan-to-Cost (LTC up to 90%) and rehab budget.
- DSCR Rental/Portfolio: evaluated based on projected rental income
supporting a Debt Service Coverage Ratio (typically 1.05x+). - Bridge/Construction: tailored metrics based on project scope and exit strategy.
15. Got more questions or ready to apply?
Contact Flip Fuel Lending directly:
- Email: deals@flipfuellending.com
- Phone: 980-480-9862
- Apply Now
16. What documentation is required from me when applying?
Government ID, LLC docs, bank statements, REO schedule, scope of work, ARV estimate, and proof of liquidity.