Community/First-time flipper with strong financials — which lenders will work with them?
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Heather Olsenbroker
Mar 25, 2026 at 8:00 AM
First-time flipper with strong financials — which lenders will work with them?
I have a borrower who's a first-time flipper but has really strong financials: 750 FICO, $200k liquid, buying a $180k house in Memphis, ARV $280k. The rehab is light ($30k). They've done extensive research and have a contractor lined up. Which lenders will work with a first-timer with this profile?
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4 Replies
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Diana CholenderMar 25, 2026 at 10:00 AM
Heather, that's a solid profile for a first-timer. At Cho Capital we'll do first-time flippers with:
- FICO 700+
- 20%+ down
- Light rehab (under $50k)
- Strong market
Your borrower checks all those boxes. The 65% ARV LTV is conservative which helps. DM me the deal package.
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Dave KowalskibrokerMar 25, 2026 at 11:00 AM
Good numbers. Should be placeable. 750 FICO and $200k liquid is better than most experienced flippers I see.
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Ricky DelgadobrokerMar 25, 2026 at 12:00 PM
dope deal!! Memphis is a solid market for flipping too. should be easy to place
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Heather OlsenbrokerMar 25, 2026 at 1:00 PM
Diana — DMing you now! Dave and Ricky — thanks for the encouragement. Feeling good about this one.