Fix and Flip Loans in Tampa

Explore the types of fix and flip loans for properties in Tampa.

Lower Interest Rates

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

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

Minimum Credit Score

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

Speak with a Tampa Loan Specialist

Is Tampa a good place to flip homes?

Tampa is great place to flip homes due to increasing real estate prices, fast turnaround time, steady population growth and access to lots of distressed inventory.

Average home value: $368,723
Sold over list price: 17.3%
Median days to pending: 19

What are the best neighborhoods for house flipping in Tampa?

  1. Hyde Park
  2. Beach Park
  3. Seminole Heights
  4. Palma Ceia Pines
  5. Tampa Palms
  6. Arbor Greene
  7. Virginia Park

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

The average time to fix and flip in Tampa is 153 days. Here’s the data we used to calculate that using the ATTOM home flipping activity report.

Tampa: 153 days
Nationwide: 161 days

Tampa days to pending: 19
Nationwide days to pending: 27

Are home prices dropping in Tampa?

As of February 2024, Tampa home values have increased +3.7% since the same time last year. As demand for housing continues rising, Tampa is expected to benefit from the net positive migration coming from the rest of the country.

Why is Tampa real estate so expensive?

Tampa is experiencing a net positive migration trend. As of February 2024, 2% of the entire US population was searching to buy real estate in Tampa. Most of the people are coming from New York, Illinois, Massachusetts, Pennsylvania and other parts of Florida.

Along with other factors, this inbound higher demand is driving up prices. Additionally, fix and flippers are renovating abandoned homes, therefore overall improving the local real estate market further.

Data Updated: February 14, 2024