Fix and Flip Loans in Fort Lauderdale

Explore the types of fix and flip loans for homes in Fort Lauderdale.

Lower Interest Rates

Fix and flip loan program that’s ideal for Fort Lauderdale real estate investors with a 700+ credit score.

  • Minimum credit score: 700
  • No appraisal
  • No prepayment penalty
  • 2-3% origination points
  • Close as fast as 10 days

Fast Closings

Close in as little as 2 days with minimal paperwork, but a slightly higher origination fee.

  • Minimum credit score: 660
  • No appraisal
  • No prepayment penalty
  • 3-4% origination points
  • Close as fast as 2 days

No Credit Check

Fix and flip financing with no credit check, fast closings and slightly higher origination fees.

  • No credit check
  • No appraisal
  • Prepayment penalty varies
  • 4-5% origination points
  • Close as fast as 2 days

Fix and Flip Loan Terms

Here are the loan terms for fix and flip loans in Fort Lauderdale. 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 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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Fort Lauderdale Fix and Flip Loan Requirements

These are the minimum loan requirements for a fix and flip project in Fort Lauderdale.

Minimum Credit Score

There is no minimum credit score to get approved for a Fort Lauderdale fix and flip loan. However, a 700+ credit score typically comes 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 Fort Lauderdale. However, it will help reduce your financing costs.

Speak with a Fix & Flip Loan Specialist

Is Fort Lauderdale a good place to flip homes?

Fort Lauderdale is great for house flipping because it offers beautiful beaches like Miami, but with less competition and more affordable housing prices. Its rapidly growing population and thriving job market mean more people are looking for homes. Driving up demand and housing prices.

This city’s combination of affordability, high demand, and waterfront appeal makes it a top spot for house flipping, standing out from other Florida cities.

Average home value: $515,518
Sold over list price: 11.8%
Median days to pending: 45

What are the best neighborhoods for house flipping in Fort Lauderdale?

  1. Victoria Park
  2. Tarpon River
  3. Riverland
  4. Las Olas
  5. Poinsettia Heights
  6. Flagler Village

What’s the average time to fix and flip in Fort Lauderdale?

The average time to fix and flip in Fort Lauderdale is 179 days, which includes buying, rehabbing and selling the property. Here’s the data we used to calculate that using the ATTOM home flipping activity report.

Fort Lauderdale: 179 days
Nationwide: 161 days

Fort Lauderdale days to pending: 45
Nationwide days to pending: 27

Are home prices dropping in Fort Lauderdale?

No. As of February 2024, Fort Lauderdale real estate is 4.4% higher than the same time last year.

Why is Fort Lauderdale real estate so expensive?

Due to steady high demand for the Miami and Fort Lauderdale lifestyle, the real estate market has been hot for years now. Fort Lauderdale has attracted many techies and entrepreneurs from around the country. This attracted new capital, businesses and a need for additional housing. Higher demand drove up FLL real estate prices.

Data Updated: February 15, 2024