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 Oklahoma fix and flip loans
Oklahoma fix and flip loans are low-doc or no-doc loans. We do not need tax returns, W-2’s or personal income.
- Driver’s License or State ID
- Articles of Formation
- LLC Operating Agreement
- EIN Letter
- Certificate of Good Standing
Is flipping experience required?
No, previous experience is not required to get a loan for flipping houses in Oklahoma. However, completed fix and flip projects do help you get do higher leverage.
Does Capital Ton LLC work with first-time investors?
Yes, first-time real estate investors can qualify for up to 85% financing for fix and flips in Oklahoma with no experience.
Is an appraisal required for a fix and flip loan?
No, these are no appraisal fix and flip loans. You won’t have to deal with AMC’s, appraisal delays or appraisal payments.
How long does it take to close?
You can close in as little as 3 days after submitting the loan application, business entity docs, rehab budget and property photos.
Is there interest on undrawn rehab funds?
Unlike our competitors, you will not be charged interest on rehab costs until you submit a rehab draw request.
Do any of the fix and flip loans have prepayment penalties?
There are no prepayment penalties on any fix and flip loans in Oklahoma with Capital Ton LLC.
Is a business entity required?
Yes. 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 Oklahoma.
Speak with a Fix & Flip Loan Advisor
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