Fix and Flip Loans in Alabama

Choose a fix and flip loan option that’s right for you.

Fast Close Loan

Close in as little as 2 days with minimal paperwork. For investors with 680+ credit scores.

  • Interest Rate: 10.9%
  • No appraisal
  • Up to 90% LTC
  • No prepayment penalty
  • Close as fast as 2 days

Low Rate Loan

This fix and flip loan program comes with lower interest rates, but requires a 700+ credit score.

  • Interest Rate: 9.25%+
  • No appraisal
  • Up to 90% LTC
  • No prepayment penalty
  • Close as fast as 10 days

100% Loan

Get up to 100% financing on the purchase price and rehab costs with a 680+ credit score.

  • Interest Rate: 12.99%
  • Appraisal required
  • Up to 100% LTC
  • No prepayment penalty
  • Close as fast as 10 days

Fix and Flip Loan Terms

Here are the loan terms for fix and flip loans in Alabama. Qualify based on the after-repair value, not personal income.

Loan to purchase Up to 100% LTC
Rehab financing Up to 100%
After-repair value Up to 75% ARV
Loan amount Minimum $100,000
Interest rate Start at 9.25%
Credit score Minimum 680
Loan terms 6, 12, 18 and 24 months

Speak with a Fix & Flip Loan Advisor

    • Compare loan options
    • Get proof of funds today
    • See how much you qualify for
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Alabama Fix and Flip Loan Requirements

These are the minimum fix and flip loan requirements for Alabama investors.

Minimum Credit Score

The minimum credit score to get approved for an Alabama fix and flip loan is a 680.

Minimum Loan Amount

The minimum loan amount is $100,000.

Business Entity Required

Since these are business loans, a legally registered business is required to get approved for fix and flip funding. You can file for a new LLC in the state of Alabama and get approved in 2-7 business days.

Flipping Experience

No previous experience is required to get a loan for flipping houses in Alabama. However, it will help reduce your financing costs.

See How Much You Qualify For