Loans to flip properties without relying on personal income.
- Close as fast as 10 days
- No prepayment penalty
- No appraisal
Fix and Flip Loan Terms
| 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 |
Our Advantages
- Close as fast as 10 days
- Direct relationships with 8 private funds
- Competitive interest rates
- Minimal paperwork
- No appraisal needed
- No prepayment penalty
- No experience required
Fix and Flip Loan Process
- Find out how much you can borrow and what your interest rate will be.
- Complete loan application.
- Underwriter runs your credit.
- Sign term sheet to move forward.
- Outline the rehab work.
- Underwriter reviews rehab work required.
- Underwriter calculates the after-repair value (ARV).
- Underwriter calculates the margin of safety between the ARV and loan amount.
- Loan is approved if the numbers makes sense.
- Title agency and funding department work together to close the loan.
Tips for Best Loan Terms
- Close before the end of the month to pay less prorated interest at closing.
- Higher credit scores get lower interest rates, so refinance your personal debts.
- Credit score less than 680? You can get fix and flip financing with higher origination fees.
- Have a business partner? Apply with whoever has the best credit score.
- Prepare all the construction and rehab costs.
- Avoid seller concessions. Most lenders will deny a loan when a seller pays more than 3% towards closing costs.
- Do not apply to multiple lenders. Every hard pull will lower your credit score.
Our Service Area
- Arkansas
- Florida
- Georgia
- Indiana
- Kansas
- Mississippi
- Missouri
- Oklahoma
- Ohio
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Wisconsin
Explore Your Loan Options
Give us a call to learn more about fix and flip loans. We’re happy to help.
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