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 $23,284 on the fast close, $16,241 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

$23,284

On 0% down at 650 credit$0
On 5% down at 600 credit$16,241

At a glance

The deal, in pictures

What opens up at your credit score

0% down

Set per file11.50%

5% down

12.99%12.49%11.49%

10% down, fast close

11.99%

0% down 500 to 649: Set per file · 650+: 11.50%
5% down 590 to 659: 12.99% · 660 to 699: 12.49% · 700+: 11.49%
10% down, fast close 500 to 699: 11.99%

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

Cash to close on the same deal

0% down$0
11.50% rate · $15,704 in closing costs · 6 months
5% down$16,241
12.99% rate · $13,241 in closing costs · 12 months
10% down, fast close$23,284
11.99% rate · $12,284 in closing costs · 6 months

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

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

Spent at closing$23,284

Stays in your bank$21,231

Shown in your bank statements (proof of funds)$44,515

The lender wants to see $44,515 in your bank statements. Only $23,284 is spent at closing.

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 is a call first.
Reserves: Months of payments or interest you show in the bank. They stay in your account.

In short

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 11.49% 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.

Worked example

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$23,284

Proof of funds to show$44,515

Where the $23,284 goes

Down paymentEquity$16,000
Appraisal feeAppraiser$0
Prepaid interestLender$882
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.

The numbers

Compare the options

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%	12.49%

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%	$205,704	$0	$0	$30,856
5% down	600	12.99%	$187,000	$8,000	$16,241	$38,887
10% down, fast close	600	11.99%	$179,000	$16,000	$23,284	$44,515

$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	$30,856	15% of the loan	$30,856
5% down	$16,241	$22,646	Six months of interest plus 30% of the rehab	$38,887
10% down, fast close	$23,284	$21,231	Six months of interest plus 30% of the rehab	$44,515

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 it works

Good to know

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.