Market-specific acquisition and rehab financing

No minimum FICO. No prior-flip minimum. A real project review.

Mayday's No Credit / No Experience Fix & Flip option is for eligible business-purpose, non-owner-occupied rehab projects in 16 states, generally within 60 miles of a major MSA. Initial screening has no minimum FICO score or completed-flip requirement. The program may finance up to 90% of the purchase price and reimburse 100% of eligible rehab costs, capped at 75% ARV. These are maximums, not commitments; a complete property, borrower, entity, liquidity, public-record, budget, valuation, exit, and underwriting review still applies.

May be relevant for

  • First-time and experienced flippers with a documented project plan
  • Non-owner-occupied single-family and eligible 2–4 unit projects
  • Light, moderate, or substantial rehabilitation with a detailed scope
  • Borrowers seeking property-focused review without a minimum FICO threshold

Documents to prepare

  • Completed application and executed purchase contract
  • Property photos and a detailed rehab budget in the requested format
  • Initial proof of funds, followed by current liquidity documentation
  • Borrowing-entity records, insurance evidence, title items, and final conditions
  • Invoices and self-inspection evidence for completed-work rehab reimbursements

Review factors

  • Approved state, accepted property type, and proximity to a major MSA
  • Purchase price, scope, budget, contractor readiness, and projected ARV
  • Liquidity, required contribution, reserves, entity standing, and public-record review
  • Comparable sales, exit strategy, title, insurance, and a complete underwriting file

Featured Mayday option

Mayday No Credit / No Experience Fix & Flip

Property-first rehab financing for first projects and experienced operators.

A short-term business-purpose option for eligible purchase-and-rehab projects. Maximum leverage is governed by the lower applicable purchase, cost, and ARV constraints, and every draw follows documented completed work.

Submit a scenario
No minimumFICO score at initial screening
0 requiredcompleted flips at initial screening
Up to 90%of eligible purchase price
Up to 75%maximum ARV cap
100%eligible rehab reimbursement
No draw feessubject to written program terms
3 or 6 monthsinitial term options

Property types that may be considered

  • Non-owner-occupied single-family homes
  • Eligible duplex, triplex, and quadplex properties
  • Eligible small multifamily projects up to $1,000,000 per unit
  • Not eligible: land, manufactured homes, condominiums, townhomes, row homes, or other shared-wall units

This option's footprint

Available only in these 16 states

This featured option is market-restricted. Other Mayday programs may have a different footprint.

ALAlabamaARArkansasFLFloridaGAGeorgiaINIndianaKSKansasKYKentuckyMOMissouriNCNorth CarolinaOHOhioOKOklahomaPAPennsylvaniaSCSouth CarolinaTNTennesseeTXTexasVAVirginia

The property must be in an approved area, use an accepted asset type, and generally be within 60 miles of a major MSA. Confirm the exact address before relying on availability.

The complete context matters

No minimum FICO or completed-flip threshold does not mean no diligence.

For this featured option, initial screening does not use a minimum FICO score or prior-flip count, and a hard credit inquiry is not advertised as a qualification step. Mayday still requires truthful identity, entity, property, liquidity, title, insurance, public-record, budget, valuation, and exit information. Active or pending judgments, liens, foreclosures, or bankruptcies may make a borrower ineligible. No feature guarantees terms, timing, draw approval, funding, or final approval.

Tell us your situation

Program questions

Prepare for a more useful conversation.

What should a rehab budget include?

Organize labor and materials by trade, include permits and professional fees when applicable, identify contingency funds, and align the budget with the proposed timeline and exit.

Can a first-time flipper use this option?

The featured option has no completed-flip minimum at initial screening. First-time clients should document the property, scope, budget, contractor or project team, liquidity, contribution, comparable support, and exit. Rehab budgets above $60,000 may receive additional review. Inquiry does not guarantee financing.

Is this a no-credit-check fix-and-flip loan?

The featured option has no minimum FICO score and does not advertise a hard credit inquiry as a qualification step. That does not eliminate identity, entity, fraud, public-record, judgment, lien, foreclosure, bankruptcy, property, liquidity, title, or underwriting review. No borrower or project is automatically eligible.

How much of the purchase and rehab can be financed?

Eligible transactions may be considered for up to 90% of the purchase price and reimbursement of 100% of eligible rehab costs, subject to a maximum of 75% ARV and the lower applicable program constraint. First-time clients should expect at least a 10% down payment of the total loan amount. Actual proceeds may be lower.

How do rehab reimbursements work?

Rehab funding is reimbursed after eligible work is completed and paid. The borrower submits invoices and required self-inspection evidence through the designated process. The featured option states no draw fees, subject to the final written program terms. Reimbursement timing is not guaranteed, and draw conditions must be satisfied.

Where is this featured fix-and-flip option available?

It is currently presented for eligible properties in Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia, generally within 60 miles of a major MSA. Exact address, asset type, and current program availability must be confirmed.

Which properties are not eligible for this option?

The featured option does not accept land, manufactured homes, condominiums, townhomes, row homes, or other shared-wall units. Properties must be non-owner-occupied business-purpose investments, and the accepted property list and market availability can change.