Best fit: Purchase or refinance of a non-owner-occupied investment property requiring renovation before sale or rental takeout.

Prepare first: Contract or payoff, scope, itemized budget, property photos, contractor plan, documented project history, liquidity, and primary and backup exits.

Common pause points: Owner occupancy, unsupported value, incomplete budget, permit, title or insurance issues, or an unclear exit.

Best fit: Eligible new residential construction or major rebuilds. Prepare site control, entitlement status, survey, plans, permits, contract, itemized budget, draw schedule, contingency, documented builder experience, liquidity, and exit. Common pause points include uncontrolled land, incomplete plans or permits, unsupported costs, unclear experience, or uncertain takeout.

Best fit: A defined short-term timing need when no rehab or construction proceeds are requested. Prepare the payoff, title, property condition, value support, cash need, deadline, and two credible exits. Common pause points include a rehab request, unsupported value, title problems, or no realistic payoff strategy.

Best fit: Purchase or refinance of an eligible stabilized, non-owner-occupied rental property. Prepare the lease or market rent, taxes, insurance, HOA, property details, payoff, entity information, liquidity, and refinance or long-term-hold assumptions. Common pause points include property or geography restrictions, insufficient rent support, missing tax or insurance data, or unclear ownership.

Start with the preliminary project form. FYDS will review the purpose, property, geography, experience, documentation, and exit to identify a likely review path, alternate route, or reason to pause.

A preliminary review is an early assessment of project fit and document readiness—not underwriting approval, a final rate or terms quote, or a commitment to lend. The lender controls final eligibility, pricing, conditions, and approval.