Fix and Flip Loans in Oklahoma

Choose a fix and flip loan option that’s right for you.

Fast Close Loan

Close in as little as 2 days with minimal paperwork. For investors with 660+ credit scores.

  • Interest Rate: 10.9%
  • No appraisal
  • No prepayment penalty
  • Flexible
  • Close as fast as 2 days

Low Rate Loan

This fix and flip loan program comes with lower interest rates, but requires a 700+ credit score.

  • Interest Rate: 9.25%+
  • No appraisal
  • No prepayment penalty
  • Competitive rates
  • Close as fast as 10 days

Bad Credit Loan

Investors with 620-660 credit score can prepay interest payments at closing to get approved.

  • Interest Rate: 10.9%
  • No appraisal
  • No prepayment penalty
  • Interest payments due at closing
  • Close as fast as 2 days

Fix and Flip Loan Terms

Here are the loan terms for fix and flip loans in Oklahoma. 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 620
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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Oklahoma Fix and Flip Loan Requirements

These are the minimum fix and flip loan requirements for Oklahoma investors.

Minimum Credit Score

The minimum credit score to get approved for an Oklahoma fix and flip loan is a 620. Higher credit scores receive more favorable loan terms.

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 Oklahoma and get approved in 2-5 business days.

Flipping Experience

No previous experience is required to get a loan for flipping houses in Oklahoma. However, it will help reduce your financing costs.

Speak with a Oklahoma Loan Specialist

Is Oklahoma good for house flipping?

“The Sooner State” is known to be very lucrative for house flippers. It has a net positive migration and relatively low property costs. This makes it possible for new investors to take part in a growing real estate market.

Its economic diversity and growing population contribute to higher returns on investment for flippers. In 2023, Oklahoma grew by 0.85%, the fastest population increase since 2013.

Best cities to fix and flip in Oklahoma

Here are the best cities for house flipping in Oklahoma with a higher chance of profit. Home buyers in these cities are willing to pay over asking price and close much faster.

Oklahoma City

Average home value: $194,848
Sold over list price: 23.4%
Median days to pending: 20

Tulsa

Average home value: $190,614
Sold over list price: 22.1%
Median days to pending: 25

Edmond

Average home value: $335,758
Sold over list price: 21.5%
Median days to pending: 34

Norman

Average home value: $240,424
Sold over list price: 24.6%
Median days to pending: 19

Broken Arrow

Average home value: $266,151
Sold over list price: 28.7%
Median days to pending: 26

Data Updated: February 13, 2024