Your first investment property, financed without a track record.
You do not need completed deals to get a loan from us. A first rental is qualified on its rent. A first flip is qualified on the property and the plan, with the renovation financed and released in draws. More completed projects unlock higher leverage and better pricing later; they are not the price of entry.
First rental or first flip?
| Term | First rentalDSCR loan | First flipFix & flip · Silver |
|---|---|---|
| The planWhat you do with the property. | Buy it, rent it, keep it | Buy it, renovate it, sell it or refinance it |
| Qualifies onWhat the lender reads. | The rent against the monthly payment | The property, the budget and the plan |
| PurchaseAdvanced at closing. | Up to 85% of the price | Up to 90% of the price |
| RenovationWho pays for the work. | Not financed: the property is ready to rent | Up to 100% financed, released in draws |
| TermHow long the loan lasts. | 30 years | Up to 24 months |
| Your income documentsTax returns and W-2s. | Not needed for either | |
| Learn moreThe full terms. | DSCR loans | Fix & flip loans |
Maximums for well-qualified borrowers. With no completed projects, expect terms below the maximums; we tell you yours before you commit.
What we look at instead of a track record.
| Term | What it showsthe question | What you sendthe papers |
|---|---|---|
| Your creditHow you have paid before. | That you handle debt well | We pull it when you apply. Checking your rate does not |
| Your cashThe down payment, closing costs and a cushion. | That you can close and absorb a surprise | Bank statements |
| The dealThe price, the value and the numbers. | That the property supports the loan | The contract and the address. The appraisal confirms the value |
| The workOn a flip: who does it and what it costs. | That the budget is real | A line-by-line budget and your contractor. Build one in the rehab budget tool |
Projects you have completed and can document with closing statements count as experience, and they improve your terms.
Your first loan, step by step.
Send the deal
The address, the price and your plan: rent it or flip it.
Get your terms
Leverage, rate and the cash you need to close, in writing.
Appraisal
The value, and on a flip the value after the work is done.
Close
In your own name or an LLC.
Draws or rent
On a flip, request draws as the work is done: funded in minutes, not hours.
First-time investor questions
Can I get an investment property loan with no experience?
Yes. We work with first-time investors on both rentals and flips. More completed projects unlock higher leverage and better pricing; they are not required to start.
What do lenders want from a first-time investor instead?
Your credit, the cash to close with a cushion, a deal whose numbers work, and on a flip a real budget and a contractor.
How much cash do I need for my first deal?
Four things: the down payment, the closing costs, a reserve for the first months, and on a flip a cushion for costs that run over. We give you the full figure in writing before you commit.
Will a first-time investor get less leverage or a higher rate?
Usually less than an investor with completed projects. The published figures are maximums for well-qualified borrowers; we tell you yours up front.
Is the rehab money paid upfront or in draws?
In draws, as the work is completed. We run draws in-house and fund them in minutes, with a virtual or on-site inspection. How our draws work.
Do I need a contractor lined up before I apply?
For a flip, have the contractor and a line-by-line budget ready by underwriting. You can get terms on the deal first.
What if my flip does not sell in time?
Two ways out: extend the loan (0.5 points per 3 months), or rent it and refinance into a 30-year DSCR loan with us. How that works.
Should I buy in my own name or an LLC?
Either. Most investors use an LLC, and we lend to LLCs; a personal guaranty is standard on business-purpose loans.
Can I use this to buy a home I will live in?
No. Our loans are business-purpose, for non-owner-occupied investment property. Never owned a home at all? Read this first.
First deal? Send it to the lender, not a middleman.
The address, the price and your plan. We send back your terms and the cash you need to close.
*For business-purpose loans on non-owner-occupied investment property only. Not available for personal, family or household purposes. All loans subject to credit approval, underwriting and property eligibility. Rates, leverage and terms are indicative, change without notice, and not all borrowers will qualify; not a commitment to lend. YS Capital Group · NMLS ID 2609746 · Equal Housing Lender.