Explore the types of fix and flip loans for homes in Jacksonville.
- Minimum credit score: 700
- No appraisal
- No prepayment penalty
- 2-3% origination points
- Close as fast as 10 days
- Minimum credit score: 660
- No appraisal
- No prepayment penalty
- 3-4% origination points
- Close as fast as 2 days
- 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 Jacksonville. 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
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- Compare loan options
- Get proof of funds today
- See how much you qualify for
Jacksonville Fix and Flip Loan Requirements
These are the minimum loan requirements for a fix and flip project in Jacksonville.
Minimum Credit Score
There is no minimum credit score to get approved for a Jacksonville 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 Jacksonville. However, it will help reduce your financing costs.
Speak with a Fix & Flip Loan Specialist
Is Jacksonville a good place to flip homes?
Over the past five years, Jacksonville has emerged as an ideal location for fix and flips. Specifically to its rapid population growth, affordable property prices, and strong demand for housing. This growth is driven by its diverse economy, quality of life and the steady influx of new residents in Florida.
Average home value: $291,955
Sold over list price: 19.1%
Median days to pending: 34
What are the best neighborhoods for house flipping in Jacksonville?
- Avondale
- Jacksonville Beach
- Riverside
- Jacksonville Heights
- Deercreek
- Deerwood
- Oceanway
- East Arlington
- Beach Haven
- Brooklyn
What’s the average time to fix and flip in Jacksonville?
The average time to fix and flip in Jacksonville is 168 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.
Jacksonville: 168 days
Nationwide: 161 days
Jacksonville days to pending: 34
Nationwide days to pending: 27
Why is Jacksonville real estate so expensive?
Jacksonville has a stable job market, many vacation rental opportunities for investors, and is benefiting from the net positive migration to Florida. According to Redfin Jacksonville housing report, people from Miami, New York City, Washington D.C., Orlando, Atlanta and Los Angeles are moving to Jacksonville. This is causing a decrease in supply and an increase in demand, driving up housing prices.
Data Updated: February 15, 2024