Capital Kings LLC

Can I get a fix and flip loan with a 500 or 600 credit score?

Yes. The 10% down fast close doesn’t check credit at all: 11.99% with 2% origination on a 6-month term, and the appraisal is free. In a Texas metro area (MSA), 0% down has no credit minimum either and 5% down starts at 590. On a $160,000 house with a $35,000 rehab, cash to close runs $23,112 on the fast close, $16,054 on 5% down and $0 on 0% down after your earnest money.

Get my real numbers →See every dollar

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO · October 2026

Rates as of October 2026

$160,000 house, $35,000 rehab, first flip, 600 credit

Cash to close on the fast close, no credit check

$23,112

On 0% down at 650 credit$0
On 5% down at 600 credit$16,054

The deal, in pictures

What opens up at your credit score

0% down

Set per file11.50%

5% down

12.99%12.74%11.74%

10% down, fast close

11.99%9.75%

0% down 500 to 649: Set per file · 650+: 11.50%
5% down 590 to 659: 12.99% · 660 to 699: 12.74% · 700+: 11.74%
10% down, fast close 500 to 699: 11.99% · 740+: 9.75%

The fast close never checks credit. 0% and 5% down are for Texas metro areas (MSA).

Capital Kings · capitalkings.co · rates as of October 2026

Cash to close on the same deal

0% down$0
11.50% rate · $15,530 in closing costs · 6 months
5% down$16,054
12.99% rate · $13,054 in closing costs · 12 months
10% down, fast close$23,112
11.99% rate · $12,112 in closing costs · 6 months

After your $5,000 earnest money, every closing cost included.

Capital Kings · capitalkings.co · rates as of October 2026

On the fast close: what you spend, and what just sits in your bank

Spent at closing$23,112

Stays in your bank$21,231

Shown in your bank statements (proof of funds)$44,343

The lender wants to see $44,343 in your bank statements. Only $23,112 is spent at closing.

Capital Kings · capitalkings.co · rates as of October 2026

Cash to close: The money you bring to the closing table: down payment plus every closing cost.
Proof of funds: Cash the lender wants to see in your bank statements. Only the cash to close is spent; the rest stays yours.
After repair value (ARV): What the house will be worth once the rehab is done. Lenders cap the loan at a share of it.
Texas metro area (MSA): Houston, Dallas, Fort Worth, Austin, San Antonio and the smaller Texas metros. Rural Texas starts at 10% down.
Reserves: Months of payments or interest you show in the bank. They stay in your account.

The short answer, as of October 2026

10% down, fast close: no credit check, 11.99%, 2% origination ($2,500 minimum), a 6-month term, a free in-house appraisal, and it can close in as little as 72 hours.
0% down: no credit minimum. 11.50% at 650+ credit with 3% origination; below 650 the rate is set per file. The lender can roll the closing costs into the loan. Texas metro areas (MSA) only.
5% down: 590+ credit, 12.99% at 600 and 11.74% at 700+, 2% origination on a 12-month term. Texas metro areas (MSA) only.
Experience doesn’t have to come first. Every number here is priced as a first flip.

Capital Kings LLC is a broker, not a lender. We compare every file across 400+ lenders and send the term sheet with every fee on it before you sign.

Every dollar, line by line

A $160,000 purchase, a $35,000 rehab and a $295,000 after repair value in a Texas metro area (MSA), first flip, $5,000 earnest money. The real term sheet on each program:

Cash to close$23,112

Proof of funds to show$44,343

Where the $23,112 goes

Down paymentEquity$16,000
Appraisal feeAppraiser$0
Prepaid interestLender$710
Origination and lender feesLender$4,329
Broker feeBroker$2,000
Closing / titleTitle co$3,220
Property insuranceInsurer$1,853
Earnest money creditCredit−$5,000

The appraisal is done in house at no cost. Proof of funds adds $21,231 that stays in your account. The gold broker line is the only money Capital Kings earns.

A sample sheet for a made-up borrower, built the same way yours is. Yours takes about five minutes and doesn’t pull your credit.

Have a deal in mind?Get my real numbers Text Micah

How do the options compare?

Find your credit band in the first table, then see what the same deal costs on each program and how much the lender wants to see in the bank.

Your options by credit score, under 700

Credit	10% down, fast close	0% down	5% down
Under 590	11.99%	Set per file	Needs 590+
590 to 649	11.99%	Set per file	12.99%
650 to 659	11.99%	11.50%	12.99%
660 to 699	11.99%	11.50%	12.74%

First flip. The fast close is 10% down with no credit check, a 6-month term and a free appraisal. 0% down is a 6-month term and 5% down is a 12-month term, and both are for properties in a Texas metro area (MSA). At 700+ credit more programs open up, with lower rates. Rates as of October 2026.

The same $160,000 flip on all three

Program	Credit	Rate	Loan	Down payment	Cash to close	Proof of funds
0% down	650	11.50%	$205,530	$0	$0	$30,830
5% down	600	12.99%	$187,000	$8,000	$16,054	$38,700
10% down, fast close	600	11.99%	$179,000	$16,000	$23,112	$44,343

$160,000 purchase, $35,000 rehab, $295,000 after repair value, first flip, $5,000 earnest money credited. 0% down is priced at 650 credit, where its rate is published; below that the rate is set per file. Cash to close is the down payment plus every closing cost, our 1% broker fee included. Rates as of October 2026.

What has to be in the bank

Program	Cash to close	Reserves on top	How reserves are figured	Proof of funds
0% down	$0	$30,830	15% of the loan	$30,830
5% down	$16,054	$22,646	Six months of interest plus 30% of the rehab	$38,700
10% down, fast close	$23,112	$21,231	Six months of interest plus 30% of the rehab	$44,343

Proof of funds is cash you show in your bank statements before closing. Only the cash to close is spent; the reserves stay in your account. Rates as of October 2026.

Price my deal →Run your own deal Get pre-approved

How does it actually work?

Hard money lenders lend on the deal first: the purchase price, the rehab and the after repair value. Credit changes the rate and the down payment more than it decides yes or no. That is why a 500s or 600s score still has options.

No credit check is not the same as a lower minimum score. The fast close doesn’t pull credit at all, so your score never enters the file. The lender still looks for recent foreclosures or bankruptcies. We arrange it in 15 states: Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee and Texas.

The lower-score programs do look at credit, they just accept a lower number. 0% down has no minimum, but the rate is only published at 650+; under that the lender prices each file. 5% down needs 590+, and the rate drops as the score climbs.

What else do people ask?

Can I get a fix and flip loan with a 500 or 600 credit score?

Yes. The 10% down fast close has no credit check (11.99%). In a Texas metro area (MSA), 0% down has no credit minimum and 5% down starts at 590. On a $160,000 house with a $35,000 rehab, cash to close is $23,112 on the fast close and $16,054 on 5% down at 600 credit, as of October 2026.

Is there a fix and flip loan with no credit check?

Yes, the 10% down fast close. It doesn’t pull credit (the lender still looks for recent foreclosures or bankruptcies), it is 11.99% with 2% origination on a 6-month term, and the appraisal is free. We arrange it in 15 states, Texas included.

What is the minimum credit score for a fix and flip loan?

It depends on the program. The fast close has no credit check. In a Texas metro area (MSA), 0% down has no minimum (the rate is set per file under 650) and 5% down needs 590+. Above 700 more programs open up with lower rates.

Does bad credit mean a bigger down payment?

Not always. With a 590+ score 5% down still works, and 0% down has no credit minimum in Texas metro areas (MSA). Under 590 the fast close is 10% down with no credit check.

How much cash do I need with low credit?

On this $160,000 deal: $16,054 to close on 5% down at 600 credit, $23,112 on the fast close, and $0 on 0% down at 650+ after the earnest money. Add reserves on top, $22,646 to $30,830 here, that stay in your account.

Can I get a fix and flip loan with low credit and no experience?

Yes. Every number on this page is priced as a first flip. Our first-time flip page walks through all four programs a first flip can use.

How fast can a low-credit flip close?

The fast close can close in as little as 72 hours once the file is complete, and the appraisal is done in house. The other programs typically close in 5 to 14 days.

Do you pay a referral fee if I send you an investor?

Yes. We pay $500 to anyone who refers a real estate investor, realtors, wholesalers, contractors, other investors and lenders included, every time that investor closes a loan with us, for life. It comes out of our broker fee, so it never changes the investor’s terms. The details are on our referral program page.

Is Capital Kings the lender?

No. Capital Kings LLC is a broker, not a lender. We compare your flip across 400+ lenders, and our broker fee is one labeled line on the term sheet before you sign.

Which questions have worked examples?

Founder & CEO

Micah Foster

Micah brokers fix and flip, DSCR and new construction loans for real estate investors across 38 states. He founded Capital Kings LLC to give investors a broker who compares the market on their behalf instead of pitching one lender’s product, and every term sheet is itemized down to the last fee.

Send us your deal →

Keep reading

Want your exact numbers?

About five minutes to a real term sheet for your deal. No credit pull, every fee on the page.

Get my real numbers →Call (281) 636-5682 Text Micah