Financing Built for New Real Estate Investors

The easiest way to apply is by clicking the "Get Approved Online" button on the New Silver website or visiting getfunded.newsilver.com. The entire process is completed online and takes less than five minutes.

New Silver performs a soft credit pull only, which has no impact on your credit score. Your FICO credit report is pulled from the 3 major reporting agencies. The pull is conducted prior to the appraisal order, not during the application itself. If you have multiple applications with us, credit is refreshed after 90 days.

The minimum FICO score depends on the loan type and experience level. For Fix and Flip loans, a minimum of 650 is required with at least two completed projects, or 700 for investors with one completed project. Rent loans require a minimum of 660, and Ground Up loans require 650. If your score falls below these thresholds, adding a co-borrower with a stronger credit profile may help strengthen your application.

Begin your application at getfunded.newsilver.com, enter your personal details and property information, and submit your social security number for automated underwriting. Upon successful underwriting your Proof of Funds letter is available to download instantly.

New Silver always requires buyer equity on new purchases. The exact amount depends on the loan type and property valuation, but you should generally expect to bring at least 15% of the purchase price, plus origination fees and closing costs. The more equity you contribute, the better the terms available to you.

Fix and Flip loans are designed for investors purchasing, renovating, and reselling properties within 12 months. Loan amounts range from $100,000 to $5,000,000, covering single-family homes and properties with up to four units. New Silver finances up to 95% of total project costs and up to 75% of the after-repair value, with 100% of construction costs funded in draws. Approval, and proof of funds are issued instantly, with closings in as little as five days.

Fix and Flip and Ground Up loans can close in as little as five days with an expedited appraisal. Rental DSCR loans generally close within two to four weeks.

An unsuccessful automated underwriting result is not a final loan denial. Our system may not have been able to issue an instant approval based on the initial information provided, but a manual review may still result in approval. Common reasons include a credit score below the minimum threshold, a credit freeze, errors on a credit report, or a low property value. Adding a co-borrower can often help strengthen an application.