The 60-Second Pre-Qualification
Getting pre-qualified for a private loan used to mean filling out a lengthy application, submitting tax returns, and waiting days for a response. That process is broken — it wastes your time, slows down your deal analysis, and creates friction at exactly the moment you need clarity.
AIRE Lending has reimagined pre-qualification from the ground up. Our process takes 60 seconds, requires no documents, and does not affect your credit score. Here is exactly how it works and why it matters.
What We Ask For
The pre-qualification form collects just enough information to match you with the right programs and generate an estimated term sheet:
- Property State — Where is the property located? This determines which programs are available (coverage varies by state).
- Loan Purpose — Fix & flip, rental (DSCR), bridge, or construction? Each program has different parameters.
- Property Type — Single family, multi-family, condo, mixed-use, etc.
- Purchase Price — What are you paying for the property?
- Rehab Budget — If applicable, how much is the renovation?
- After-Repair Value (ARV) — What will the property be worth after renovation? (For DSCR, this is the current market value.)
- Monthly Rent — For DSCR loans, the estimated or actual monthly rental income.
- Credit Score Range — A rough range is sufficient (620-659, 660-699, 700-739, 740+). No hard pull.
- Experience Level — How many investment deals have you completed?
- Contact Info — So we can send you the term sheet and follow up.
That is it. No Social Security number. No bank statements. No tax returns. Ten questions, 60 seconds, and you have your answer.
What You Get Back
Within seconds of submitting, you receive a term sheet estimate that includes:
- - **Loan programs you qualify for** — fix & flip, DSCR, bridge, or multiple options
- - **Estimated rate and points** based on your profile and deal details
- - **Maximum loan amount** based on LTV, ARV, and LTC limits
- - **Estimated monthly payment** (interest-only for short-term, amortized for DSCR)
- - **Estimated closing costs** including all fees
- - **Key terms and conditions** for each qualifying program
This is not a vague "someone will call you" response. It is a detailed, numbers-driven estimate that you can immediately use to analyze your deal.
Why Pre-Qualification Matters for Deal Analysis
Here is the practical value: you cannot accurately analyze a real estate deal without knowing your financing costs. The difference between an 10% rate with 2 points and a 12% rate with 3 points can swing your profit by $5,000-$15,000 on a typical flip.
Before AIRE Lending, investors had two options: guess their financing costs (inaccurate) or spend 2-3 days calling lenders and filling out applications (slow). Our pre-qualification gives you real numbers in 60 seconds, so you can run your analysis with confidence and make offers faster.
Scenario: You find a property listed at $180,000. Your agent estimates the ARV at $260,000 after $45,000 in renovations. Should you make an offer?
Without pre-qualification, you guess that financing will cost "about 11% plus 2 points" and run rough numbers. Maybe the deal works, maybe it does not — you are not sure.
With pre-qualification, you know your actual rate is 10.25% with 1.75 points, your total loan amount is $202,500, your monthly payment is $1,730, and your closing costs are $8,100. Now you can model the deal precisely and decide with confidence.
What Pre-Qualification Is and Is Not
This IS: - A real estimate based on actual lending parameters and your specific deal details - A way to compare programs and rates before committing to anything - Non-binding — no obligation on either side - No credit pull at all — pre-qualification uses a self-reported credit range, not your credit report
This is NOT: - A loan approval or commitment to lend (that comes after full underwriting) - A guarantee of rate or terms (final terms depend on property appraisal and full verification) - A hard credit inquiry (a soft credit check only happens at full application; a hard pull only happens close to closing)
Tips for Getting the Most Accurate Estimate
- Be honest with your numbers. The term sheet is only as good as the inputs. Inflating the ARV or understating the rehab budget gives you a term sheet that does not reflect reality — and sets you up for disappointment during underwriting.
2. Know your credit score range. Check your score on Credit Karma, your bank's app, or AnnualCreditReport.com before pre-qualifying. Even a rough range helps us match you with the right rate tier.
3. Have a specific deal in mind. Pre-qualification works best when you have real numbers — a real property, a real purchase price, and a real renovation budget. General inquiries ("What can I get for a $200K flip?") produce less precise results.
4. Pre-qualify early in your deal search. Do not wait until you find the perfect property to check your financing. Pre-qualify early so you know exactly what you can afford and what your terms will be. Then you can move fast when the right deal appears.
From Pre-Qualification to Closing
If you like what you see on your term sheet, the next steps are straightforward:
- Move to full application — provide additional details about the property and your background
- Submit documents — purchase contract, entity docs, ID, bank statements (2 months)
- Appraisal and underwriting — the lender verifies the property value and your information
- Closing — sign documents, fund the loan, take ownership
The entire process from full application to closing typically takes 10-14 days for fix and flip loans and 21-30 days for DSCR loans. Having your pre-qualification on file accelerates the timeline because much of the preliminary analysis is already complete.
Ready?
Try our 60-second pre-qualification tool. No documents, no credit pull, no commitment. Just real numbers for your real deal.