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When you [shop for insurance](https://www.offermarket.us/insurance?ref=content-am-best-ratings), whether it's **Landlord Insurance** or **Fix and Flip Insurance**, it's important to choose an insurer that is financially strong and able to meet its obligations detailed in your insurance policy.

Many private lenders, including [OfferMarket Capital](https://www.offermarket.us/loans?ref=content-am-best-ratings), have a minimum AM Best rating requirement for [DSCR Loans](https://www.offermarket.us/blog/dscr-loan-program) and [Fix & Flip Loans](https://www.offermarket.us/blog/fix-and-flip-loans). 

At OfferMarket, we require all policies be written through insurers with a minimum of A- / VIII. As you will see from the ratings tables below, that means the insurer must be considered to have an "Excellent" ability to meet their ongoing insurance obligations, and their policyholder surplus must be at least $100 million.

## What is AM Best?

AM Best is a financial services rating agency that specializes in assessing the financial strength and size of insurance companies.

## Financial Strength Rating (FSR) Scale

The Financial Strength Rating is a statistical assessment of an insurer's ability to meet their ongoing insurance obligations. AM Best assigns a financial strength rating from A++ (Superior) through D (Poor). Our private lending division, OfferMarket Capital, requires a minimum FSR of A- (Excellent).

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Rating<br>Categories</th>
    <th>Rating<br>Symbols</th>
    <th>Rating<br>Notches*</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>Superior</td>
    <td>A+</td>
    <td>A++</td>
  </tr>
  <tr>
    <td>Excellent</td>
    <td>A</td>
    <td>A-</td>
  </tr>
  <tr>
    <td>Good</td>
    <td>B+</td>
    <td>B++</td>
  </tr>
  <tr>
    <td>Fair</td>
    <td>B</td>
    <td>B-</td>
  </tr>
  <tr>
    <td>Marginal</td>
    <td>C+</td>
    <td>C++</td>
  </tr>
  <tr>
    <td>Weak</td>
    <td>C</td>
    <td>C-</td>
  </tr>
  <tr>
    <td>Poor</td>
    <td>D</td>
    <td>-</td>
  </tr>
</tbody>
</table>
</div>

<br>

## Financial Size Category (FSC)

The Financial Size Category is a measure of **Policyholder Surplus** which is calculated by subtracting the insurance company's liabilities from its assets. The greater the policyholder surplus, the better able the insurance company can withstand adverse economic conditions and remain solvent.

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Class</th>
    <th>Policyholder Surplus ($ Millions)</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>I</td>
    <td>Less than 1</td>
  </tr>
  <tr>
    <td>II</td>
    <td>1 to 2</td>
  </tr>
  <tr>
    <td>III</td>
    <td>2 to 5</td>
  </tr>
  <tr>
    <td>IV</td>
    <td>5 to 10</td>
  </tr>
  <tr>
    <td>V</td>
    <td>10 to 25</td>
  </tr>
  <tr>
    <td>VI</td>
    <td>25 to 50</td>
  </tr>
  <tr>
    <td>VII</td>
    <td>50 to 100</td>
  </tr>
  <tr>
    <td>VIII</td>
    <td>100 to 250</td>
  </tr>
  <tr>
    <td>IX</td>
    <td>250 to 500</td>
  </tr>
  <tr>
    <td>X</td>
    <td>500 to 750</td>
  </tr>
  <tr>
    <td>XI</td>
    <td>750 to 1,000</td>
  </tr>
  <tr>
    <td>XII</td>
    <td>1,000 to 1,250</td>
  </tr>
  <tr>
    <td>XIII</td>
    <td>1,250 to 1,500</td>
  </tr>
  <tr>
    <td>XIV</td>
    <td>1,500 to 2,000</td>
  </tr>
  <tr>
    <td>XV</td>
    <td>2,000 or greater</td>
  </tr>
</tbody>
</table>
</div>

### How to calculate Policyholder Surplus

Assets - Liabilities = Policyholder Surplus

### What is Policyholder Surplus

Policy holder surplus is the liquidation value of an insurance company. If you were to sell all assets and repay all liabilities, the policyholder surplus is what would be left. In business, this is is otherwise known as **book value**.

---

[![Shop 40+ carriers landlord insurance.jpg](https://cms.offermarket.us/uploads/Shop_40_carriers_landlord_insurance_974b0d370b.jpg)](https://www.offermarket.us/insurance?ref=content-am-best-ratings)

---

## Protect and grow your portfolio with OfferMarket

OfferMarket is a real estate investing platform focused on serving rental property investors, specifically 1-4 unit residential properties. Our mission is to help you build wealth through real estate.

☂️ **[Landlord Insurance](https://www.offermarket.us/insurance?ref=content-am-best-ratings)** rate shopping platform specialized in landlord insurance that meets DSCR loan guidelines</br>
🏚️ **[Off Market Properties](https://www.offermarket.us/insurance?ref=content-am-best-ratings)** marketplace featuring hundreds of exclusive and off market deals posted by wholesalers, tired landlords and distressed sellers.</br>
💰 **[Private Lending](https://www.offermarket.us/loans?ref=content-am-best-ratings)** featuring instant quotes and a simple, low cost, transparent borrowing experience for DSCR loans, Fix and Flip loans and Slow Flip loans.</br>
💡 ***[Insights](https://www.youtube.com/channel/UCRoNHXFVgI36SV0QQpyf9fw)** regularly published to provide you with a knowledge advantage.

---

AM Best ratings assess the financial strength and size of insurance companies, minimums of which are often required by private lenders.

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AM Best Ratings | OfferMarket

AM Best Ratings

<br>

## Seller needed to sell fast

<br>

If you need to sell your house fast, we are here to help. Let's meet a seller who received multiple competitive offers within 2 days of launching his Get Offers campaign and closed his sale in just 25 days.

<br>

## Home in poor condition

<br>

Dan from Ocean City, MD had a second home in Parkville, MD in poor condition that he needed to sell fast. He understood that the most likely buyer for his house would either be a fix and flip or a rental property investor, and he wanted to get the best possible offer from verified buyers.

<br>

## Sell house fast for most money

<br>

Dan just wanted to sell his house fast for the highest possible net proceeds -- he didn't want to deal with coordinating repairs, interviewing agents, endless showings and post-inspection negotiations, and he certainly didn't want to handle everything himself in a For Sale By Owner process. 

<br>

Dan did his research and found OfferMarket.

<br>

**Day 1:** Dan filled out our [Get Offers form](https://www.offermarket.us/sell).

<br>

**Day 3:** Free professional photography and a 3D home tour was completed and Dan now had a beautiful listing to [showcase his property](https://www.offermarket.us/listings/22-Maple-Hollow-Ct-Parkville-MD-21234-USA). Dan's Get Offers campaign is officially launched.

<br>

**Day 5:** After just two days of tour requests and buyer verification coordinated entirely by OfferMarket, Dan receives multiple competitive offers at his target price point.

<br>

**Day 7:** Dan selects the best offer (AS IS, cash, close in 21 days or less)

<br>

**Day 25:** Coordinated by OfferMarket, Dan closes his transaction and receives his target proceeds.

<br>

## Seller feedback:

> From start to finish OfferMarket was wonderful to work with. They communicated well in every step of the process and made me feel very comfortable that I was in good hands. I got the price I was looking for and they made the closing process very easy.  I highly recommend OfferMarket.

<br>

## Buyer feedback:

> I enjoyed working with OfferMarket. The team there was very responsive and easy to deal with. They kept to the timeline and the deal closed without a problem.

<br>

Every seller has a story, read our [Google Reviews](https://www.google.com/search?q=offermarket) to see if selling your house fast with OfferMarket is right for you.

<br>

## Sell My House Fast: Get Offers with OfferMarket 👇

Every seller has a Sell My House Fast story to tell. Meet Dan, who sold his house in Parkville, MD in 25 days.

Sell my house fast seller success stories

large_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

medium_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

small_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

thumbnail_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

Sell My House Fast Success Stories - Blog.jpg

Sell My House Fast: Parkville, MD - OfferMarket Blog

Sell My House Fast Success Story: Dan From Parkville, MD

<br>

If you are buying a house and you are requesting a repair, concession, or change in purchase price, then the answer is yes -- you need to provide the inspection report to the Seller to validate your request.

<br>

If a buyer requests repairs or concessions, they are required to share the home inspection report with the seller in real estate transactions.

Does Buyer need to provide home inspection report to Seller?

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medium_Does Buyer need to provide home inspection report to Seller.jpg

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thumbnail_Does Buyer need to provide home inspection report to Seller.jpg

Does Buyer need to provide home inspection report to Seller.jpg

Does Buyer need to provide inspection report to Seller?

Does the Buyer need to provide the inspection report to the Seller?

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket provides DSCR rental loans, bridge loans, hard money, fix and flip, slow flip, and ground up construction loans.

Private Lending | OfferMarket

Private Lending

Fix and Flip Loans Chicago

Illinois Fix and Flip Loan Program

Related Illinois Resources

<br>

**Last updated:** April 15, 2024

<br>

There are many options when it comes to getting a fix and flip loan for your next 1 to 4 unit residential project. Whether your exit strategy is a flip (sale), or to rent and refinance into a DSCR loan, we are here to help you. 

<br>

OfferMarket has rebranded our fix and flip loan program in order to focus on serving rental property investors. We now call this our "Fix and Rent" loan program: a bundle of Fix and Flip loan + DSCR loan that provides industry-leading terms and discounts for Illinois rental property investors that buy, rehab, rent and refinance (BRRR) with OfferMarket. Get an [instant quote and pre-approval](https://www.offermarket.us/loans?ref=blog-fix-and-flip-loans-illinois).

<br>

1 to 4 unit residential properties in Illinois and Chicago are a great fit for fix and flip loans, which is otherwise referred to as "hard money" or "private money" or "bridge loan". If you have a distressed property you'd like to purchase and rehab, we have the capital and expertise to help you every step of the way.

<br>

We are currently advising our clients in Illinois to exercise caution when entering into new fix and flip loans. Use conservative estimates for ARV, protect your credit score. Fix and flip investors with an exit strategy to sell (flip), are strongly encouraged to underwrite for a rent and refinance exit strategy in case a sale is not a profitable or viable option.

<br>

Grow your real estate business with <u>fast</u>, <u>reliable</u>, <u>competitively priced</u> capital. Proudly serving real estate investors throughout Illinois and Chicagoland.

<br>

## Fix and Flip Loans Chicago

<br>

If you're buying distressed properties in Chicago, we can fund up to 100% of the purchase price and 100% of the rehab. Plan your next project confidently -- common sense underwriting and deal structuring to help you achieve your goal and manage risk.

<br>

## Illinois Fix and Flip Loan Program

<br>

Built for real estate investors who demand a better borrowing experience.

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Fix and Flip</th>
    <th>Guidelines</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>Interest rate</td>
    <td><a href="https://www.offermarket.us/loans" target="_blank" rel="noopener noreferrer">Get quote</a></td>
  </tr>
  <tr>
    <td>Time to fund</td>
    <td>10 - 20 days</td>
  </tr>
  <tr>
    <td>Max loan to purchase price</td>
    <td>100%</td>
  </tr>
  <tr>
    <td>Max loan to rehab</td>
    <td>100%</td>
  </tr>
  <tr>
    <td>Max loan to ARV</td>
    <td>70%</td>
  </tr>
  <tr>
    <td>Term</td>
    <td>12 - 18 months</td>
  </tr>
  <tr>
    <td>Property type</td>
    <td>1 - 4 units, non-rural</td>
  </tr>
  <tr>
    <td>Minimum loan amount</td>
    <td>$50,000</td>
  </tr>
  <tr>
    <td>Minimum ARV</td>
    <td>$100,000</td>
  </tr>
  <tr>
    <td>Origination Fee</td>
    <td>2 points</td>
  </tr>
  <tr>
    <td>Interest type</td>
    <td><a href="https://www.offermarket.us/real-estate-glossary/dutch-interest" target="_blank" rel="noopener noreferrer">Full Boat or As Disbursed</a></td>
  </tr>
  <tr>
    <td>Draw type</td>
    <td><a href="https://www.offermarket.us/real-estate-glossary/what-is-advanced-draws-fix-flip-loans" target="_blank" rel="noopener noreferrer">Advanced or Reimbursed, Inspector-less</a></td>
  </tr>
  <tr>
    <td>Underwriting fee</td>
    <td>$495</td>
  </tr>
  <tr>
    <td>Legal/doc prep fee</td>
    <td>$500 - $995</td>
  </tr>
  <tr>
    <td>Prepayment Penalty</td>
    <td>No</td>
  </tr>
  <tr>
    <td>Appraisal required</td>
    <td>Yes</td>
  </tr>
</tbody>
</table>
</div>

<br>

## Related Illinois Resources

<br>

- [DSCR Loans Illinois](https://www.offermarket.us/blog/dscr-loans-illinois)
- [Landlord Insurance Illinois](https://www.offermarket.us/blog/landlord-insurance-illinois)

<br>

Fix and Flip Loans Illinois is your go-to resource to help you get the best possible terms for your next fix and flip loan.

*Quote takes 1 minute, no credit pull

*1 quote from 40+ carriers

*New listings daily

Fix and Flip Loans Illinois

* Takes 2 minutes, no credit pull