Our specialty
Small-Balance DSCR
30-year rental loans for the lower-priced homes that other lenders turn down.
- Loans $50,000–$74,999
- Home value $75,000+
- Qualify on rent, not income
Short-term · Fix & Flip
Buy it, fix it, sell it. We fund the rehab.
Short-term loans for purchase and renovation, funded from our own capital. We finance 100% of your rehab budget, released in draws as the work gets done.
What you can use it for
- Fix to flip
- Fix to rent
- BRRRR
- Purchase
- Refinance
We lend on experience and the deal
Your track record and the deal matter as much as your credit score. We are flexible on credit as long as there is no recent bankruptcy or foreclosure. First-time investors are welcome. Expect us to look for solid credit and cash in the deal.
How draws work
Your rehab budget is held and released in draws as work is completed and inspected. Submit a draw request online when a phase is finished.
Planning to keep it?
Once the rehab is done and the property is rented, refinance into one of our DSCR rental loans.
Common questions
How is the loan amount calculated?
We fund up to 80% of the purchase price plus 100% of the rehab budget, as long as the total loan stays at or below 70% of the after-repair value (ARV). Whichever limit is lower sets the loan amount.
Can a first-time flipper qualify?
Yes. Without a track record, we will want to see good credit and cash available for the deal.
How fast can you close?
Timing depends mostly on the title work and the valuation. Tell us your contract closing date when you apply.
Other programs
More ways to fund your deal
Rental
DSCR Rental
Long-term financing for single rentals and portfolios.
- Loans $75,000+
- Home value $100,000+
- 30-yr fixed, purchase or refi
Alabama only
Tax Deed Rehab
We fund the renovation and the quiet title on Alabama tax deed properties.
- Rehab funds + title clearing
- Quiet title escrow at closing
- You must already hold the deed
Short-term
Bridge
Close quickly now, then stabilize or refinance into a DSCR loan.
- Interest-only payments
- Purchase or refinance
- Rental, BRRRR, short-term rental
“Simple Funding was able to fund my deal when no one else could! Highly recommend.”
“I was able to fund my tax deed rehab and clear the title – these guys are experts in their field.”
Current borrowers
Manage your loan
Make a payment, request a draw or get a payoff statement. No phone call needed.