- LOAN PORTAL
Whether you’re fixing and flipping your next deal or building a cash-flowing rental portfolio, submitting the right documents is key to getting your loan approved quickly and smoothly.
Here’s a breakdown—straight from PaceGPT—of what documents you typically need for both Fix-and-Flip Loans and DSCR Loans, plus insider tips to help you avoid common delays.
Fix-and-flip loans are short-term loans for investors who buy, renovate, and sell properties for profit. These loans are based on the after-repair value (ARV) of the property—not just what it’s worth today.
Property Information
Signed purchase contract
Scope of work (SOW) or detailed rehab plan
Contractor bids or cost estimates
ARV appraisal or recent comps (if required)
Borrower Information
Government-issued ID
Proof of experience (e.g., past flips, HUDs, track record spreadsheet)
Personal financial statement
Financial Documents
Last 2–3 months of bank statements (for liquidity/reserves)
Proof of funds for down payment and closing costs
Insurance
Hazard insurance or builder’s risk insurance (during renovations)
Entity Documents (if using an LLC or Corp)
Articles of Organization or Incorporation
Operating Agreement
EIN (Employer Identification Number)
DSCR (Debt Service Coverage Ratio) loans are built for buy-and-hold investors purchasing income-producing properties. These loans are based more on the property’s cash flow than your personal income.
Property Information
Signed purchase contract
Current rent roll (if tenant-occupied)
Lease agreements (if applicable)
Appraisal or market rent analysis
Borrower Information
Government-issued ID
Personal financial statement
Financial Documents
2–3 months of bank statements (to show reserves)
Proof of funds for down payment
Insurance
Proof of hazard insurance
Entity Documents (if borrowing through an LLC or Corp)
Articles of Organization/Incorporation
Operating Agreement
EIN
| Category | Fix-and-Flip Loan | DSCR Loan |
|---|---|---|
| Focus | Renovation + Resale | Cash-flowing property performance |
| Key Requirement | Strong ARV & rehab plan | Rent covers debt service |
| Experience | Often required or rewarded | Less emphasis on borrower experience |
| Underwriting Type | Project and borrower-focused | Property income-focused |
📌 Double-check your documents before submitting.
Underwriting delays often happen because of missing or incorrect files. If a document needs to be fixed or resubmitted, it can push closing back by days.
📌 If using an LLC formed in a different state, register as a foreign entity in the subject property’s state.
📌 Always tell your title company you’re using financing.
We’ve seen borrowers say “cash purchase” when it was really a loan—this caused major delays and confusion. Title companies need to prepare for a loan closing, not a cash deal.
📌 Order a survey early if the lender or title company requires it—especially for fix-and-flip or ground-up projects.
📌 Work with a lender that guides you.
Levine Capital helps borrowers and brokers stay ahead of the process with pre-approval tools, document checklists, and real-time support.
Getting approved for your loan isn’t just about credit scores and interest rates—it’s about getting your documents right the first time.
Whether you’re flipping houses or building your rental portfolio, working with a creative, investor-friendly lender like Levine Capital ensures you’re never left guessing what’s needed. We’ll walk you through it, step by step.
👉 Get pre-approved in minutes
👉 Submit your deal with confidence
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