Investment Property Loans
First-time investors can now qualify for Fix & Flip and Rent Loans.
One lender, two paths
You get the same online application, the same instant term sheet and the same proof of funds. What changes is a few of the terms.
First-time investors
Just getting started? You can now qualify without a track record, with a couple of slightly higher minimums.
Experienced investors
Already have deals behind you? Nothing changes. You keep the standard program, built to help you scale.
Compare the terms
Terms in blue are where the first-time investor path differs from the standard program.
Financing for purchase + rehab or refinance + rehab
| ProductFix & Flip | Experienced investorsStandard terms | First-time investorsNo experience needed |
|---|---|---|
| Experience required | Yes | No |
| Minimum FICO | 650 | 700 |
| Minimum loan | $100K | $200K |
| Interest rate | 8.5% – 11% | From 8.5% |
| Loan amount | Up to $5,000,000 | Up to $950,000 |
| Loan-to-cost | Up to 90% | Up to 90% |
| Construction financing | Up to 100% | Up to 100% |
| Transaction type | New purchase + refi | New purchase only |
30-year fixed product for stabilized properties. Same terms for every investor.
| ProductRent (DSCR) | All investorsFirst-time or Experienced |
|---|---|
| Experience required | No |
| Minimum FICO | 660 |
| Minimum loan | $150K |
| Interest rate | From 6% |
| Loan amount | Up to $3,000,000 |
| Loan-to-value | Up to 80% |
| Term | 30-year fixed |
Rates shown are starting rates and are subject to change. Your personalized term sheet shows your actual rate.
How it works
The same three steps for every investor. Technology handles the paperwork, and a loan advisor handles the details.
Answer a few questions about you and the deal. It takes about five minutes, and there’s no paperwork to gather first.
Once automated underwriting clears, your term sheet and proof of funds arrive together, so you know exactly where you stand and can make offers with confidence.
A loan advisor reviews your term sheet with you, confirms the loan details and finalizes your loan.
Investors like you
Evan was great, worked fast, very responsive, got my loan closed in under 10 days. I would definitely do more real estate projects using New Silver. I highly recommend their process.
Michael BuddenFast closing with a very responsive team. They were amazing to work with. We were able to close very quickly in the time promised.
Teresa DanielsAlex was wonderful to work with, and is a man of his word. Previously, I was disappointed with another lender who did not meet their initial time and loan commitments they stated initially. This experience was complete opposite, we closed right on schedule, there were no surprises on loan structure or funding. The application and loan platform was really user friendly as well.
Teysha PoindexterPrompt Service! Alex walked us through the whole process and returned emails promptly - sometimes in minutes - even late in the evening! If you need answers FAST, choose New Silver!
Mary AnnNew Silver is convenient, friendly, fast, and easy to work with. James kept me informed on my loan status. Uploading my information was awesome and secure!! I’m looking towards New Silver to handle my next deal!
FredWe just closed our 4th new construction loan with New Silver. As always, the process was smooth and efficient with no unexpected bumps along the way.
Jonathan KormanCommon questions
Nothing. Your standard program terms and the same fast online process still apply. The first-time investor path is an additional option, not a replacement.
If you qualify under our first-time investor terms, you don’t need prior investing experience for Fix & Flip or Rent Loans. Approval is always subject to underwriting.
Without a track record to point to, we look a little harder at credit and deal size. That’s why first-time investor Fix & Flip loans have a 700 minimum FICO and a $200K minimum loan value. Rent (DSCR) loans have the same terms for every investor, with a 660 minimum FICO and a $150K minimum loan value. Everything else about the process is the same.
Getting your terms starts with a soft credit pull, which doesn’t affect your credit score.
We finance residential investment properties, including 1–4 unit homes, condos and townhomes. Your term sheet confirms what’s eligible for your deal.
We lend across most U.S. states, and availability can vary by loan type. Check our locations page to see whether your state is listed. The online application also confirms your state as you go.
Get your term sheet online in minutes, whatever your experience.