Choose a fix and flip loan option that’s right for you.
- Interest Rate: 10.9%-11.4%
- No appraisal
- No prepayment penalty
- Close as fast as 2 days
- Interest Rate: 9.25%-10.9%
- No appraisal
- No prepayment penalty
- Close as fast as 10 days
- Interest Rate: 12.5%-13%
- No appraisal
- Prepayment penalty varies
- Close as fast as 2 days
Fix and Flip Loan Terms
Here are the loan terms for fix and flip loans in Florida. Qualify based on the after-repair value, not personal income.
| Loan to purchase | Up to 90% LTC |
| Rehab financing | Up to 100% |
| After-repair value | Up to 75% ARV |
| Loan amount | Minimum $75,000 |
| Interest rate | Start at 9.25% |
| Credit score | Minimum 660 |
| Loan terms | 6, 12, 18 and 24 months |
Speak with a Fix & Flip Loan Advisor
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- Compare loan options
- Get proof of funds today
- See how much you qualify for
Florida Fix and Flip Loan Requirements
These are the minimum fix and flip loan requirements for Florida investors.
Minimum Credit Score
There is no minimum credit score to get approved for a Florida fix and flip loan. However, higher credit scores typically come with the lowest origination fees.
Minimum Loan Amount
The minimum loan amount is $75,000.
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 Florida and get approved in 2-5 business days.
Flipping Experience
No previous experience is required to get a loan for flipping houses in Florida. However, it will help reduce your financing costs.
Speak with a Florida Loan Specialist
Is Florida good for house flipping?
In 2022, The Motley Fool reported that the average flipping profit in Florida was $75,000 per property and the average return on investment was 27.80% per flip. According to the ATTOM home flipping report, the average time to flip a home in 2023 was 161 days.
Best cities to fix and flip in Florida
Florida is a gold mine for distressed property. In the last 20 years, the sunshine state experienced 92% more billion-dollar disasters. Combine that with rapid population growth and you have a recipe for success.
In 2022, Florida was the fastest-growing state in the country, followed by being the second fastest in 2023. Providing a steady flow of new demand and competition.
Miami
Average home value: $554,261
Sold over list price: 13.2%
Median days to pending: 31
Orlando
Average home value: $373,235
Sold over list price: 19.4%
Median days to pending: 18
Tampa
Average home value: $377,792
Sold over list price: 20.7%
Median days to pending: 23
Jacksonville
Average home value: $291,955
Sold over list price: 19.1%
Median days to pending: 34
Fort Myers
Average home value: $366,621
Sold over list price: 8.7%
Median days to pending: 37
Data Updated: February 2, 2024