Close in 5-7 days with up to 90% LTC and no appraisal.
Fix and Flip Loan Terms
No appraisal fix and flip loans for real estate investors to flip houses without relying on personal income.
| Minimum credit score | 680+ |
| Minimum loan amount | $100,000+ |
| Purchase financing | Up to 90% LTC |
| Rehab financing | Up to 100% |
| After-repair value | Up to 70% ARV |
| Interest rates | Starting at 8% |
| Loan terms | 6 or 12 months |
See How Much You Qualify For
- Close as fast as 5 days
- Secure up to 90% financing
- Get proof of funds today
FAQs About Fix and Flip Loans
Get quick answers to common questions about loans for flipping houses.
Do you work with new investors?
Yes, first-time investors can qualify for up to 85% financing.
What are the requirements for a 90% LTC fix and flip loan?
Investors with at least 5 completed flips in the last 3 years qualify for up to 90% LTC.
Is there a minimum loan amount?
The minimum loan amount is $100,000.
Is there a minimum credit score?
The minimum credit score is 680+
How fast can you close?
If title work is completed, you can close in as fast as 3 days, otherwise 5-7 days.
Is it hard to get a loan to flip a house in ?
No, as long as your purchase price and rehab costs do not exceed 70% ARV.
Is there a prepayment penalty?
There are no prepayment penalties.
Can I extend my bridge loan?
Yes, you can extend or refinance with another bridge loan.
Speak with a Fix & Flip Loan Advisor
Fix and Flip Loan Process
- Find out how much you can borrow and what your interest rate will be.
- Complete loan application.
- Underwriter runs your credit.
- Sign term sheet to move forward.
- Provide construction and rehab details
- Underwriter reviews scope of work.
- Underwriter calculates the after-repair value (ARV).
- Underwriter calculates the margin of safety between ARV and loan amount.
- Loan is approved if the numbers makes sense.
- Title agency and funding department work together to close the loan.
Tips for Best Loan Terms
- Close before the end of the month to pay less prorated interest at closing.
- Have a business partner? Apply with whoever has the best credit score.
- Provide small details in scope of work for higher after-repair value valuations
- Do not apply to multiple lenders. Every hard pull will lower your credit score.
