Fix and Flip Loans in Panama City

Explore the types of fix and flip loans for Panama City homes.

Lower Interest Rates

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

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

Minimum Credit Score

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

Speak with a Fix & Flip Loan Specialist

Is Panama City a good place to flip homes?

Panama City is an excellent place to flip a home, because of the high turnover of short term vacation rentals and hurricane damaged homes. These short term rentals get used for a few nights at a time, adding to the wear and tear of any property. Additionally, there are lot of investors always looking to buy a vacation rental.

Unlike other Florida cities, Panama City has relatively low property prices with high demand from military families and tourists. This area is very prone to hurricanes, so finding distressed properties to buy low, renovate, and sell high is not as hard as other parts of Florida.

Average home value: $271,552
Sold over list price: 9.9%
Median days to pending: 39

What are the best neighborhoods for house flipping in Panama City?

  1. Forest Hills
  2. Lynn Haven
  3. Callaway
  4. Cedar Grove
  5. The Cove

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

The average time to fix and flip in Panama City is 173 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.

Panama City: 173 days
Nationwide: 161 days

Panama City days to pending: 39
Nationwide days to pending: 27

Are home prices dropping in Panama City?

No, the average home in Panama City has increased 3.4% in value. Compared to the 2.5% national average.

Why is Panama City real estate so expensive?

Panama City is known for its large military presence, beautiful beaches, spring break and vacation rentals. All this contributes to year-round high demand of real estate. Florida’s rebuilding efforts post-hurricane increase property values over time.

Growing tourism gives investors short-term rental income and they’re able to buy and finance additional rental properties. This cycle contributes to higher prices in Panama City. Military families provide a stable rental market, which fuels higher real estate prices in the long term.

Data Updated: February 15, 2024