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.
What types of properties qualify?
Fix and flip financing can be used for 1-4 unit residential properties, including single-family homes, townhouses, condos, duplexes, triplexes, and quadplexes.
What’s the minimum loan amount?
The minimum loan amount is $100,000.
What’s the minimum credit score?
A minimum credit score of 680 is required.
Is flipping experience required?
No previous experience is required, but experienced investors with at least 5 completed flips can get up to 90% LTC.
Do you work with first-time investors?
Yes, first-time investors can get up to 85% financing.
How fast can you close?
You can close in 5-7 days. However, if title is open you can close in as fast as 3 days.
Is it hard to get a loan to flip a house?
No, as long as your purchase price and rehab costs are within 70% ARV.
Is there a prepayment penalty?
There are no prepayment penalties.
What documents are required?
A legally registered business is required, along with these documents:
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
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.
