Fix and Flip Loans in Pennsylvania

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 Option

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 Pennsylvania. 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

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Pennsylvania Fix and Flip Loan Requirements

These are the minimum fix and flip loan requirements for Pennsylvania 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 Pennsylvania and get approved in 2-5 business days.

Flipping Experience

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

Speak with a Fix and Flip Loan Specialist

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