Choose a loan option that’s right for you.
Fix and Flip Loan Terms
No appraisal fix and flip loans for real estate investors to flip houses without relying on personal income.
| Purchase financing | Up to 90% LTC |
| Rehab financing | Up to 100% |
| After-repair value | Up to 75% ARV |
| Loan amount | Min $100,000 |
| Interest rate | Start at 8.5% |
| Credit score | Minimum 680 |
| Terms | 6, 12, 18 and 24 months |
See How Much You Qualify For
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- Close as fast as 3 days
- Secure up to 90% financing
- Get proof of funds today
Minimum Documentation for Ohio Fix and Flip Loans
To close as fast as 3 days, Capital Ton LLC specializes in low-doc and no-doc fix and flip loans in Ohio. We do not need tax returns, W-2’s or personal income.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Good Standing
Minimum Credit Score for Fix and Flip Funding in Ohio
The minimum credit score for Ohio fix and flip loans is 680.
Business Entity Required
Since these are business purpose loans, a legally registered business is required for fix and flip funding. If you haven’t already filed, please register a new LLC in the state of Ohio.
Speak with a Fix & Flip Loan Advisor
Is flipping experience required?
No previous experience is required to get a loan for flipping houses in Ohio. However, flip experience can help you get you higher leverage and lower costs.
How fast can you close?
You can close in as little as 3 days after you submit the loan application, business entity docs, rehab budget and property photos.
Does Capital Ton LLC work with first-time investors?
Yes, first-time real estate investors can qualify for up to 90% financing for fix and flips in Ohio with no experience.
Does rehab cost financing incur interest?
Unlike our competitors, you will not be charged interest on rehab costs until you submit a rehab draw request.
Is an appraisal required for fix and flip loans?
No, Capital Ton LLC does not require an appraisal for any of the loans mentioned.
Is it hard to get a loan to flip a house in Ohio?
As long as the purchase price, rehab costs and ARV make sense, it is not hard to get pre-approved with Capital Ton LLC.
Do any of the fix and flip loans have prepayment penalties?
Our Ohio fix and flip loans do not have no prepayment penalties.
Call (813) 303-0808 to learn more about your lending options with Capital Ton LLC.
Is Ohio good for house flipping?
Ohio is a great place for house flipping, particularly in its major urban areas such as Cleveland (CLE), Columbus (Cbus), and Cincinnati (the ‘Nati). These cities are known for their affordable properties that are perfect for rehab and flipping.
“The Buckeye State” offers an investor-friendly climate with relatively low entry-price housing prices. Attracting many new investors to jump into Ohio’s real estate market. Ohio has very lenient eviction laws and does not have legislation for rent control.
Best cities to fix and flip in Ohio
While interest rates fluctuate and real estate values vary by area, you can still get make an educated decision where you want to flip. To get you started, these are the best cities in Ohio for house flipping.
Columbus
Average home value: $233,634
Sold over list price: 38.8%
Median days to pending: 11
Cleveland
Average home value: $98,605
Sold over list price: 31.4%
Median days to pending: 17
Cincinnati
Average home value: $223,771
Sold over list price: 34.1%
Median days to pending: 12
Toledo
Average home value: $111,560
Sold over list price: 37.6%
Median days to pending: 12
Dayton
Average home value: $135,708
Sold over list price: 27.8%
Median days to pending: 15
Akron
Average home value: $119,995
Sold over list price: 35.1%
Median days to pending: 16
Youngstown
Average home value: $51,267
Sold over list price: 31.3%
Median days to pending: 15
Data Updated: February 13, 2024