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 Kansas. 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
Kansas Fix and Flip Loan Requirements
These are the minimum fix and flip loan requirements for Kansas investors.
Minimum Credit Score
There is no minimum credit score to get approved for a Kansas 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 Kansas and get approved in 2-5 business days.
Flipping Experience
No previous experience is required to get a loan for flipping houses in Kansas. However, it will help reduce your financing costs.
Speak with a Kansas Loan Specialist
Is Kansas good for house flipping?
Kansas has lots of profitable opportunities for house flipping, especially in cities like Olathe and Overland Park. The affordable housing market makes it possible for new investors to jump in. High demand makes it possible to buy low and sell high.
Considering the Sunflower State is located in tornado alley, there are many opportunities to find distressed properties. It’s also known as the “Wheat State”, since it’s the nation’s leading wheat producer. This provides stable income for locals and predictable home buyers in the future.
Best cities to fix and flip in Kansas
Kansas has many cities and towns where fix and flipping is possible. However some are better than others. As an investor, you want to be able to sell your investment property fast and with a decent profit.
Here are the best cities in Kansas to buy, renovate and flip a home with a higher chance of profit. Home buyers in these cities are willing to pay significantly over asking price and close much faster.
Overland Park
Average home value: $413,250
Sold over list price: 47.1%
Median days to pending: 5
Olathe
Average home value: $380,762
Sold over list price: 50.6%
Median days to pending: 7
Wichita
Average home value: $181,958
Sold over list price: 33.8%
Median days to pending: 12
Kansas City
Average home value: $173,743
Sold over list price: 33.1%
Median days to pending: 13
Topeka
Average home value: $169,992
Sold over list price: 33.8%
Median days to pending: 14
Data Updated: February 9, 2024