Fix and Flip Loans in Miami

Explore the types of fix and flip loans for properties in Miami.

Lower Interest Rates

Fix and flip loan program that’s ideal for Miami 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 Miami. 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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Miami Fix and Flip Loan Requirements

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

Minimum Credit Score

There is no minimum credit score to get approved for a Miami 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 Miami. However, it will help reduce your financing costs.

Speak with a Miami Loan Specialist

Is Miami a good place to flip homes?

Miami clearly stands out when it comes to house flipping because of its unique mix of cultures, booming tourism, massive net positive migration and tech scene. Many techies moved from California and the rest of the country, bringing their companies with them.

Unlike other cities, Miami’s real estate market is fueled by international investors and a constant flow of tourists. Making it ripe for profitable flips. Miami’s year-round warm weather attracts snow birds and many new buyers that keep moving South every year. Keeping the market hot like its weather.

Average home value: $554,261
Sold over list price: 13.2%
Median days to pending: 31

What are the best neighborhoods for house flipping in Miami?

  1. Allapattah
  2. Miami Beach
  3. Little Havana
  4. EdgeWater
  5. Little Haiti
  6. West Kendall
  7. Miami Design District
  8. Wynwood
  9. Coconut Grove

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

The average time to fix and flip in Miami is 165 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.

Miami: 165 days
Nationwide: 161 days

Miami days to pending: 31
Nationwide days to pending: 27

Are home prices dropping in Miami?

No. Miami’s housing market has gained +7.9% since the same time last year.

Why is Miami real estate so expensive?

The overall US housing market gained 3.1% since the same time last year, while Florida’s average home values have gained 2.5%. Compare that to Miami, which experienced +7.9% growth over the same time period. So why is Miami real estate so expensive?

Miami has not only become a tech hub, competing directly with Silicon Valley in California, but it’s also benefiting from the massive migration from other states around the country. Mostly from New York, Massachusetts, Washington D.C., Illinois and California. This has reduced inventory and driven up housing prices, benefiting fix and flippers in Florida and specifically Miami.

Data Updated: February 15, 2024