Simply Approved Mortgages
Get pre-qualified

Start your investor scenario review.

Takes about 60 seconds — just your property basics and contact info. A licensed loan officer reviews your scenario, typically the same business day. No obligation.

Start My ApprovalSee Today's Rates
Important disclosures

No obligation. No guaranteed approval. This is a request for pre-qualification for business-purpose investment property financing only and is not a commitment to lend or an offer of credit. Any rates, payments, loan amounts, terms, or other figures shown are estimates only and may change. Final eligibility, rates, terms, and approval are subject to a completed application, credit and property review, appraisal where required, verification of information, lender requirements, and full underwriting.

Investor pre-approval

Get your personalized investor loan quote

Pick the loan type that fits your deal and complete a short, tailored pre-qualification. A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.

Loan type: New construction loan

Tell us about your scenario

The form below is tailored to New construction loan — only the questions your program needs.

1
Scenario
2
Contact
3
Results

Step 1 of 3 — your deal and numbers. No contact details yet.

Your deal — the basics

Interest-only draws during construction, then permanent take-out or sale.

Estimated credit rating

Your best estimate — final eligibility is confirmed during underwriting.

Optional — but worth 60 seconds

Fine-tune your numbers and unlock your instant pre-assessment.

Everything below is optional. The more you share, the more accurate your DSCR, LTV and pre-qualification result on the next step — and the faster your loan officer can quote you.

Interest-only draws during construction, then permanent take-out or sale.

Type the address. We use it for a precise property value and rent estimate after you submit.

Construction specifics
Project scope
Number of units1 units
units
Projected sq ft2,000 sqft
sqft
Months to complete9 mo
mo
Projected ARV / as-completed value ($)$650,000
$
Land
Land cost / value ($)$120,000
$
Budget
Hard-cost budget ($)$350,000
$
Soft costs — arch/permits/eng ($)$35,000
$
Contingency %10%
%
Borrower cash already spent on project ($)$0
$
Total project
$543,500
Contingency
$38,500
Binding loan (ARV)
$455,000
Est. cash-in at close
$88,500
Builder / GC
Exit strategy
Projected sale price ($)$650,000
$
Liquidity & draws
Post-close liquidity / reserves ($)$50,000
$

Most construction lenders require 6–12 months of interest-only reserves and use reimbursement draws after inspection.

You're close — a loan officer can shape this into a fit.
Estimated LTV: 80%
Total project budget$470,000
Loan-to-cost (est.)77%
Builder identifiedYes

Your credit tier (700-719) meets the New construction loan minimum but is tight — pricing improves at the next tier.

Credit & pre-approval

Why we pull credit for your investor loan pre-approval

Every DSCR / business-purpose loan file needs a tri-merge credit report so we can verify identity, price your rate tier accurately, and confirm reserves and payment history for the underwriter. Cleaner credit typically unlocks a better rate and higher leverage.

Pay for your credit report — SmartPay

Simply Approved Mortgages uses MeridianLink SmartPay to securely collect the credit report fee for your investor pre-approval. Payment goes directly to the credit vendor — not to us — and unlocks your tri-merge report (Equifax, Experian, TransUnion) so your loan officer can price your file.

  • Secure, PCI-compliant checkout hosted by MeridianLink
  • Required for a formal investor pre-approval decision
  • Soft-touch process — your loan officer will guide you through it
Pay for credit report securely

You'll be redirected to cic.cra.xedalink.net (SmartPay).

Check your credit first — $1 trial at MyITINCredit

Before you apply, it's smart to know exactly where your credit stands. MyITINCredit offers a $1 trial for 15 days that includes all three credit reports and scores (Equifax, Experian, TransUnion), plus ongoing credit monitoring so you can catch errors, dispute inaccuracies, and watch for identity theft.

  • See all 3 bureau reports & scores before your lender does
  • Ongoing monitoring alerts you to new accounts or score changes
  • Fix errors early — cleaner credit can widen your investor loan options
Start $1 / 15-day trial

You'll be redirected to myitincredit.com. Third-party service — terms apply.

Credit report fees are paid directly to the credit vendor. Simply Approved Mortgages does not profit from the credit pull. MyITINCredit is an independent third-party service; pricing, terms, and features are set by that provider.

Investor newsletter

Rates, market shifts, and program changes — in your inbox.

Periodic investor updates: rate movement, guideline and program changes, and market data refreshes. No spam, unsubscribe anytime.

  • DSCR rate snapshots
  • Program & guideline updates
  • Illustrative investor scenarios
  • Market data notes
Get the investor update

Periodic DSCR rate updates, market data refreshes, and program changes. No spam, and we never sell your address.

I agree to receive periodic investor market and program update emails from Simply Approved Mortgages LLC. I can unsubscribe at any time. Submitting this form records your consent and the page you signed up from. It is not a loan inquiry and does not start an application.