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 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 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
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 a Pennsylvania 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 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