Close as fast as 3 days with no appraisal and get up to 90% financing.
Fix and Flip Loan Terms
No appraisal fix and flip loans for real estate investors to flip houses without relying on personal income.
| Credit score | Minimum 680 |
| Loan amount | Min $100,000 |
| Purchase financing | Up to 90% LTC |
| Rehab financing | Up to 100% |
| After-repair value | Up to 75% ARV |
| Interest rate | Start at 9% |
| Terms | 6 and 12 months |
See How Much You Qualify For
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- Close as fast as 3 days
- Secure up to 90% financing
- Get proof of funds today
Minimum documentation for no appraisal fix and flip loans
No appraisal fix and flip loans are low-doc or no-doc loans. We do not need tax returns, W-2’s or personal income.
- Driver’s License or State ID
- Articles of Formation
- LLC Operating Agreement
- EIN Letter
Is flipping experience required?
No, previous experience is not required to get a loan for flipping houses, but it will help you higher leverage.
Does Capital Ton LLC work with first-time investors?
Yes, first-time real estate investors can qualify for up to 90% financing for fix and flips with no experience.
Is an appraisal required for a fix and flip loan?
No, these are no appraisal fix and flip loans.
How long does it take to close?
You can close in as little as 3 days after submitting the loan application, business entity docs, rehab budget and property photos.
Is there interest on undrawn rehab funds?
Unlike our competitors, you will not be charged interest on rehab costs until you submit a rehab draw request.
Do fix and flip loans have prepayment penalties?
No appraisal fix and flip loans have no pre-payment penalties.
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.
