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 Pennsylvania fix and flip loans
Pennsylvania 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 Pennsylvania. 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 Pennsylvania 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 Pennsylvania 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 Pennsylvania.
Speak with a Fix & Flip Loan Advisor
Is Pennsylvania good for house flipping?
Pennsylvania is an ideal market for fix-and-flip investors primarily due to its urban and rural property inventory. The state has a significant number of older homes that present lucrative opportunities for renovation and resale at higher values. Especially in PA’s historic areas.
Pennsylvania’s relatively low property prices compared to its neighboring states allow for higher profit margins on flips. PA also has a stable rental market, providing investors with an alternative exit strategy if the flip doesn’t sell immediately. Its economic growth drives demand for housing, making it a prime location for fix and flips.
Best cities to fix and flip in Pennsylvania
There are many areas that are great for flipping, however some cities clearly stand out. Here are the best cities in PA with the highest chance of profitability based on the number of homes sold over asking price, available inventory of distressed housing and how strong demand is.
Pittsburgh
Average home value: $216,662
Sold over list price: 28.8%
Median days to pending: 26
Philadelphia
Average home value: $212,318
Sold over list price: 23.6%
Median days to pending: 32
Allentown
Average home value: $267,306
Sold over list price: 56.2%
Median days to pending: 9
Erie
Average home value: $165,861
Sold over list price: 33.9%
Median days to pending: 19
West Chester
Average home value: $578,061
Sold over list price: 50.7%
Median days to pending: 8
Bethlehem
Average home value: $309,723
Sold over list price: 49.2%
Median days to pending: 12
Harrisburg
Average home value: $229,552
Sold over list price: 42.3%
Median days to pending: 10
Data Updated: February 13, 2024