Fix and Flip Loans in Jacksonville

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

Lower Interest Rates

Fix and flip loan program that’s ideal for Jacksonville 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 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

    • Compare loan options
    • Get proof of funds today
    • See how much you qualify for
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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?

  1. Avondale
  2. Jacksonville Beach
  3. Riverside
  4. Jacksonville Heights
  5. Deercreek
  6. Deerwood
  7. Oceanway
  8. East Arlington
  9. Beach Haven
  10. 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