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
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 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
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 660. However, higher credit scores typically come with lower 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 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