Have Questions? You’re in the right place — find answers about borrowing with Groundfloor Lending.

Qualifications & Application
Loan Products & Terms
Unique Features & Benefits
Costs & Process

Frequently Asked Questions
Qualifications & Application

Who can borrow from Groundfloor Lending?

Borrowers must be at least 18 years old, have an active property under contract, and a minimum credit score of 640.

What are the eligibility restrictions?

No bankruptcies or foreclosures in the last 12 months, no felonies in the last 5 years, and no record of financially-related offenses.

How do I apply?

New borrowers can fill out the pre-approval form on the website to be contacted by a BDM. Current or previous borrowers must submit a new application for every project. Fill out the form here [LINK].

Can I get funding for more than one project at a time?

Yes, we encourage you to scale your business and do not limit the number of active loans you can hold. Each project is evaluated individually based on its own merits, your experience, and your financial capacity to manage multiple renovations simultaneously.

What documents are required?

Typically, you'll need the contract / deed, a scope of work (rehab) or plans and specs (expansion / construction), your identification and experience sheet, proof of funds (just one mo. bank statement), business entity docs, and approval to check your credit. The documents will differ slightly depending on the type of funding you need.

Frequently Asked Questions
Loan Products & Terms

What types of projects do you fund?

We finance 1–4 unit residential properties, including fix-and-flips, new construction, DSCR rental properties, and up to 18 month bridge loans.

What are your loan amounts and terms?

Loans range from $75,000 to $3.5M with terms typically between 6–18 months, though DSCR loans offer 30-year fixed rates. We offer interest-only deferred payment or monthly payment options for every loan.

What are your interest rates?

Rates start as low as 5.875% for DSCR loans and ~9.25% for fix-and-flip projects, depending on borrower experience and project merits. We offer interest-only deferred payment or monthly payment options for every loan. Rates for loans with interest-only deferred payments may be higher than loans with a monthly payment plan.

Where do you lend?

We lend in 35 states for most products, with new construction and DSCR options available in all 50 states.

Frequently Asked Questions
Unique Features & Benefits

What are "true deferred payments"?

This allows borrowers to delay all principal and interest payments until the end of the loan term, keeping cash free for renovations.

Can I roll points and fees into the loan?

Yes, Groundfloor allows borrowers to finance origination points and fees into the principal loan amount to minimize out-of-pocket cash at closing.

How fast can you close?

We can close a loan in as few as 7 business days, once all documentation is submitted and a complete application can be reviewed. We close most loans in 7 to 14 business days.

Is there a pre-payment penalty?

There is no penalty after the first 3 months; however, a 3-month minimum interest requirement applies if the loan is repaid earlier.

Frequently Asked Questions
Costs & Process

What fees do you charge?

Common fees include an underwriting fee (1%–3.75% of principal), a $495 application fee, and $1,250 in closing costs.

How does the draw process work?

Once you finish a specific phase of your project, you’ll request an inspection of work completed and a draw of funds through our portal (you’ll get access when you get your funding). The inspection is sent back to Groundfloor, and we’ll confirm the work completed aligns with the draw amount requested. A wire is then sent directly to the borrower. The process takes between 3 and 5 business days. Borrowers can do as many or as few draws as they like.

How do I request a draw?

Draws and inspections can be requested through the Groundfloor Lending portal.

Do you require personal income verification?

For many products, like DSCR and asset-based fix-and-flip loans, we focus on the property's potential and cash flow rather than personal debt-to-income ratio or tax returns.

Frequently Asked Questions

Qualifications & Application
Loan Products & Terms
Unique Features & Benefits
Costs & Process

Qualifications & Application FAQ

Who can borrow from Groundfloor Lending?

Borrowers must be at least 18 years old, have an active property under contract, and a minimum credit score of 640.

What are the eligibility restrictions?

No bankruptcies or foreclosures in the last 12 months, no felonies in the last 5 years, and no record of financially-related offenses.

How do I apply?

New borrowers can fill out the pre-approval form on the website to be contacted by a BDM. Current or previous borrowers must submit a new application for every project. Fill out the form here [LINK].

Can I get funding for more than one project at a time?

What documents are required?

Unique Features & Benefits FAQ

What are "true deferred payments"?

This allows borrowers to delay all principal and interest payments until the end of the loan term, keeping cash free for renovations.

Can I roll points and fees into the loan?

Yes, Groundfloor allows borrowers to finance origination points and fees into the principal loan amount to minimize out-of-pocket cash at closing.

How fast can you close?

We can close a loan in as few as 7 business days, once all documentation is submitted and a complete application can be reviewed. We close most loans in 7 to 14 business days.

Is there a pre-payment penalty?

There is no penalty after the first 3 months; however, a 3-month minimum interest requirement applies if the loan is repaid earlier.

Unique Features & Benefits FAQ

What are "true deferred payments"?

This allows borrowers to delay all principal and interest payments until the end of the loan term, keeping cash free for renovations.

Can I roll points and fees into the loan?

Yes, Groundfloor allows borrowers to finance origination points and fees into the principal loan amount to minimize out-of-pocket cash at closing.

How fast can you close?

We can close a loan in as few as 7 business days, once all documentation is submitted and a complete application can be reviewed. We close most loans in 7 to 14 business days.

Is there a pre-payment penalty?

There is no penalty after the first 3 months; however, a 3-month minimum interest requirement applies if the loan is repaid earlier.

Costs & Process FAQ

What fees do you charge?

Common fees include an underwriting fee (1%–3.75% of principal), a $495 application fee, and $1,250 in closing costs.

How does the draw process work?

How do I request a draw?

Draws and inspections can be requested through the Groundfloor Lending portal.

Do you require personal income verification?

For many products, like DSCR and asset-based fix-and-flip loans, we focus on the property's potential and cash flow rather than personal debt-to-income ratio or tax returns.

Draw Status Information

The latest draw status is available in your Borrower Account portal. Log in to your Borrower Account, and on the Draws tab, your active Draw will show the latest Draws Status.

Inspection Ordered
Inspection Received
Need Borrower Approval
Approved
Wire Out/Completed

We are pending the initial inspection report, or the initial report was received but we requested revisions from the inspection company (usually this is to disburse more funds to you than were initially approved by the inspection company, resolution is typically within 1 business day.)

The report was received and is in review. Resolution is typically within 1 business day.

The report came in lower than anticipated. Please review and add commentary on what line items based on the report attached in Stacker you feel should be re-considered and submitted back in your Stacker portal. We will re-review and consider your request.

A wire will be sent within the next business day.

A wire has been sent. Please allow up to 2-3 business days for your banking institution to apply funds to your account (most borrowers receive funds the same day the wire is sent – it is up to your individual bank as to when funds are applied to your account). The status changes to Completed once Groundfloor’s bank confirms the wire was successful.

Frequently Asked Questions Qualifications & Application

Who can borrow from Groundfloor Lending?

What are the eligibility restrictions?

How do I apply?

Can I get funding for more than one project at a time?

What documents are required?

Frequently Asked Questions Loan Products & Terms

What types of projects do you fund?

What are your loan amounts and terms?

What are your interest rates?

Where do you lend?

Frequently Asked Questions Unique Features & Benefits

What are "true deferred payments"?

Can I roll points and fees into the loan?

How fast can you close?

Is there a pre-payment penalty?

Frequently Asked Questions Costs & Process

What fees do you charge?

How does the draw process work?

How do I request a draw?

Do you require personal income verification?

Frequently Asked Questions

Qualifications & Application FAQ

Who can borrow from Groundfloor Lending?

What are the eligibility restrictions?

How do I apply?

Can I get funding for more than one project at a time?

What documents are required?

Unique Features & Benefits FAQ

What are "true deferred payments"?

Can I roll points and fees into the loan?

How fast can you close?

Is there a pre-payment penalty?

Unique Features & Benefits FAQ

What are "true deferred payments"?

Can I roll points and fees into the loan?

How fast can you close?

Is there a pre-payment penalty?

Costs & Process FAQ

What fees do you charge?

How does the draw process work?

How do I request a draw?

Do you require personal income verification?

Frequently Asked Questions
Qualifications & Application

Frequently Asked Questions
Loan Products & Terms

Frequently Asked Questions
Unique Features & Benefits

Frequently Asked Questions
Costs & Process