100% fix and flip loans no credit check is how many investors search — but what they actually need is 100% financing with asset-based underwriting: the lender weights ARV, loan-to-cost, and exit before FICO, not instead of basic credit review. 100% financing isn’t the easiest type of funding to get — but it is possible when you’ve got what it takes. Jaken Finance Group funds non-owner-occupied investment properties nationwide, including fix-and-flip scenarios where qualified borrowers need maximum leverage on purchase and rehab.
Watch the program overview below, then get approved or submit your fix-and-flip file to see if your deal fits.
What is 100% financing for real estate investors?
In fix-and-flip lending, 100% financing usually means the lender covers the full stack of acquisition and rehab costs — or close to it — based on loan-to-cost (LTC) and after-repair value (ARV), not on a traditional down payment model. This is hard money or private lending, not a bank owner-occupied mortgage.
Investors pursue 100% leverage to preserve cash for multiple deals, move faster on distressed properties without waiting to stack personal capital, and scale a flip business while reserves catch up to deal flow. That leverage comes with tighter underwriting: the lender still needs confidence in the property economics and the borrower’s ability to execute and repay through a sale or refinance.
What “100% financing” actually means on a term sheet
The phrase covers at least five different structures, and two lenders advertising “100%” can be quoting wildly different checks at closing. Before comparing quotes, pin down which of these the paperwork actually says:
| Claim on the ad or term sheet | What gets funded | What it leaves out |
|---|---|---|
| 100% of purchase | Full acquisition price | The entire rehab budget comes from your pocket — often the largest hidden gap |
| 100% of rehab | Full renovation budget, held back and reimbursed in draws | The down payment on the purchase, plus the float you front before each draw releases |
| 100% LTC (purchase + rehab) | The whole project stack, subject to the ARV cap below | Closing costs, points, interest carry, and reserves |
| 75% ARV cap | Not a separate product — the ceiling on any of the above; total loan cannot exceed 75% of after-repair value | Every dollar of cost above the cap becomes borrower equity, even on a “100% LTC” approval |
| Gap funding | A second-position loan or JV filling the space between a first lien and total cost | Extra points and rate on the second; many first-position lenders prohibit junior liens |
| What you still pay in all five | — | Closing costs (title, escrow, recording), origination points, monthly interest carry, and liquid reserves the lender verifies before approval |
Jaken Finance Group’s structure is the third row — up to 100% LTC on qualified files, capped at 75% ARV — at 8.99%–13.5% interest-only over 6–12 months. Program mechanics, metro-vs-rural criteria, and credit expectations are broken down in 100% LTC fix & flip program details. If your shortfall sits outside the first lien, see gap funding.
Does Jaken Finance Group offer 100% fix and flip financing?
Yes — on the right file. We have funded 100% fix-and-flip scenarios, including for borrowers without a long flip track record and for repeat sponsors with credit in the ~600 range — see the Hammond Indiana 100% purchase plus rehab case. Credit is pulled on every file, but the decision weight sits on the asset. For the asset-based credit story, see 500 credit score hard money lender and asset-based hard money lenders no credit check.
Approval at max leverage rests on four legs:
- ARV and margin — comps, exit price, and room for interest, fees, and overrun
- Rehab scope — line-item budget, realistic timeline, credible contractor plan
- Borrower profile — liquidity, credit, and execution history (or a strong first-time file)
- LTC / LTV — how much of purchase plus rehab the numbers support at max leverage
For how liquidity and the borrower pitch affect a max-leverage approval, read 100% fix and flip financing requirements; the canonical fix and flip loan requirements checklist covers documents, ARV support, and approval timeline.
What lenders still require at 100% leverage
Even at or near 100% LTC, most programs expect:
| Requirement | Why it matters at max leverage |
|---|---|
| Liquidity | Closing costs, IO carry, and rehab float are always out-of-pocket — see the worked examples below |
| Decent credit | Reviewed on every file; asset-driven underwriting means property economics carry more weight than a bank’s FICO floor |
| Credible exit | Sold comps behind the ARV, defined scope, timeline that fits the 6–12 month term |
| Skin in the game (often) | A 10% contribution speeds most approvals; 100% remains possible on strong files |
Experience helps but is not always mandatory — select first-time files qualify with tighter numbers and more documentation. See fix and flip loans for beginners for what changes on a first file.
Two cash-to-close examples, arithmetic included
Both examples use Jaken Finance Group’s fix-and-flip parameters — 8.99%–13.5% interest-only, up to 100% LTC on qualified files, 75% ARV cap, 6–12 month terms — with an illustrative mid-band 11% rate and 2 origination points. Your actual quote depends on the file.
Example 1: 100% LTC clears the ARV cap
$150,000 purchase + $50,000 rehab = $200,000 all-in. Sold comps support a $280,000 ARV, so the cap allows up to $280,000 × 0.75 = $210,000. The $200,000 stack fits under the cap — full 100% LTC is on the table.
| Line | Amount |
|---|---|
| Loan amount (100% of purchase + rehab) | $200,000 |
| 75% ARV cap ($280,000 × 0.75) | $210,000 — not binding |
| Origination (2 pts on $200,000) | $4,000 |
| Title, escrow, recording (est.) | $2,500 |
| Appraisal + third-party reports (est.) | $1,300 |
| Cash to close | ≈ $7,800 |
| Interest carry (11% IO ≈ $1,833/mo × 6 months) | ≈ $11,000 |
| Rehab float before draw 1 (recycled each phase) | ≈ $8,000–$10,000 |
| Liquidity to document | ≈ $27,000–$29,000 |
All-in cost is 71% of ARV — roughly $80,000 gross spread before sale costs and carry. That margin profile is what reaches full leverage.
Example 2: the ARV cap trims “100%”
$185,000 purchase + $65,000 rehab = $250,000 all-in against a $310,000 ARV. The cap is $310,000 × 0.75 = $232,500 — below all-in cost. The approval still reads “100% LTC,” but funding stops at the cap.
| Line | Amount |
|---|---|
| All-in cost | $250,000 |
| 75% ARV cap ($310,000 × 0.75) | $232,500 |
| Loan amount (capped, ≈ 93% LTC) | $232,500 |
| Borrower equity gap ($250,000 − $232,500) | $17,500 |
| Origination (2 pts on $232,500) | $4,650 |
| Title, escrow + third-party reports (est.) | $2,850 |
| Cash to close | ≈ $25,000 |
| Interest carry (11% IO ≈ $2,131/mo × 6 months) | ≈ $12,800 |
| Liquidity to document | ≈ $38,000 + rehab float |
Gross spread here is $60,000 — about 19% of ARV — and that thinner margin is exactly why the cap exists. Run your own numbers in the fix and flip calculator before you write the offer, and stress ARV −10% plus one extra month of carry.
When “100% financing” is not real
Some of what gets advertised as 100% financing evaporates between the ad and the closing table. Four patterns to watch:
- Teaser leverage. The ad says 100%; the application reveals 70% plus “case-by-case exceptions” nobody actually gets. Ask for the leverage grid in writing before paying any application fee.
- Hidden equity requirements. “100% funding” that requires a 10%–20% “performance deposit” or “escrow contribution” wired at closing is a down payment with a different name. Nothing wrong with contributing equity — plenty wrong with discovering it in week three.
- Cross-collateral demands. If the structure only pencils with a lien on your primary residence or another rental, price that risk honestly. Cross-collateralization can be a legitimate tool for experienced sponsors, but it belongs on page one of the term sheet, not at the closing table.
- How to read the term sheet. Find three numbers: total loan amount versus total project cost (the difference is your equity), the rehab holdback (money you front and get reimbursed), and the full fee stack — points, processing, draw fees, extension fees. Then ask one question: “What do I wire at closing, all-in?” A lender who cannot answer with a single number has not finished underwriting you — or never intended to fund the ad.
Reserves, appraisals, and draw timing at max leverage
Reserves are non-negotiable. Approvals at 100% LTC verify liquid reserves — typically $20,000–$30,000 documented on a first max-leverage file, scaling with the tiers below — because closing costs, carry, and rehab float never come out of the loan. Building that balance through wholesale assignment fees, JV splits, or W-2 savings before you apply is faster than arguing about it in underwriting. Document buying power with proof of funds.
Appraisal vs. no appraisal. At max leverage, expect a full interior appraisal with an as-repaired value conclusion — the 75% ARV cap is only as good as the number behind it. “No-appraisal” offers generally pair with lower leverage, where the lender’s exposure is smaller. The 7–10 business day closing clock starts when the appraisal is paid and the appraiser has property access.
Draw timing. The rehab budget is a holdback, not cash at closing: complete a phase, request inspection, get reimbursed. With clean documentation that cycle runs in days, not weeks — and a milestone-aligned, line-item scope is what keeps it fast. Walk through the fix-and-flip draw process and how to submit a scope of work before your first draw request, not after.
100% financing FAQ
Does Jaken Finance Group offer 100% fix and flip loans with no credit check?
Jaken Finance Group pulls credit but underwrites asset-based — not minimum FICO like banks. 100% purchase plus rehab is possible on qualified files; Jaken Finance Group funded a ~600-credit repeat investor in Hammond, Indiana.
What replaces a credit check on 100% fix and flip loans?
ARV margin, loan-to-cost, documented scope of work, guarantor liquidity, and a credible resale exit. Strong property economics can outweigh moderate credit scores.
Is 100% financing available for first-time flippers?
Select first-time files qualify at high leverage when scope, ARV, and reserves are solid. Most beginners should plan on 10%–20% cash-to-close for faster approval.
How do I apply for 100% fix and flip financing?
Submit a fix-and-flip application with address, purchase price, ARV, rehab budget, and bank statements — or get approved online.
Reserve tiers that unlock 100% LTC on repeat files
Sponsors who close 100% purchase plus rehab once often ask what changes on deal two. Jaken Finance Group looks at documented exit, draw discipline, and liquid reserves — not just the first ARV spread:
| Sponsor tier | Typical LTC | Reserve expectation |
|---|---|---|
| First 100% file | Up to 100% on qualified ARV margin | $20K–$30K liquidity shown |
| Repeat (2+ exits) | 100% or 90% LTC with faster term sheet | 3 months IO in accounts |
| Portfolio (5+ exits) | Negotiated leverage + repeat pricing | 6 months IO recommended |
Hard money runs 8.99%–13.5% IO during the hold. If your next deal is BRRRR instead of flip, model the DSCR exit at 5.75%–10.5% before you max leverage on acquisition — see DSCR loan for investment property.
Related programs and guides
- Fix and flip loan requirements — canonical approval checklist (separate from leverage tiers on this page)
- 100% LTC fix & flip program details — parameters, metro vs rural, worked metro example
- 100% fix and flip financing requirements — how to pitch, why liquidity matters
- Fix and flip calculator — model spread, carry, and cash-to-close on your deal
- What is a hard money loan? — basics of asset-based investor lending
- Understanding LTV and LTC — how leverage is calculated
- Gap funding — bridge capital when you need to fill a shortfall
- Proof of funds — document buying power for offers and contracts
See if your deal qualifies
Have a property under contract or a wholesale fee you are rolling into your first flip? Model it in the fix and flip calculator, then get approved and share the address, ARV, rehab scope, and what you can bring to the table — or submit your fix-and-flip file and a Jaken Finance Group lending specialist will walk through leverage, reserves, and timeline.
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access. All loans are subject to full underwriting for loan approvals. Jaken Finance Group only finances non-owner occupied investment properties.
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Jaken Finance Group, 2300 Barrington Road, Suite 400, Hoffman Estates, IL 60196