Fast, flexible financing for purchasing, renovating, and reselling investment properties.
Our fix and flip loan programs are designed for real estate investors who need quick closings, rehab funding, and flexible underwriting based on the property’s after-repair value (ARV).
Fix and flip loans are ideal for real estate investors purchasing non-owner-occupied properties with the intent to renovate and resell for profit. These loans are commonly used by both first-time and experienced investors working on single-family, condo, or 2–4 unit multifamily renovation projects. We also have lenders who will lend on 5+ unit multifamily projects for those with direct experience.
Fix and flip loans are short-term real estate loans that fund the purchase of an investment property and may also include renovation costs. Loan approval is primarily based on the property, renovation scope, and projected after-repair value rather than personal income.
Funds for renovations are typically disbursed in stages as work is completed, allowing investors to manage project cash flow efficiently. Most fix and flip loans are interest-only during the renovation period.
Fix and flip loans can be used for both property purchases and refinances. Purchase loans help investors acquire and renovate properties, while refinance loans allow investors to access equity after renovations are completed.
Many investors use fix and flip refinances as part of a BRRRR strategy or transition into longer-term rental financing such as a DSCR loan after the rehab phase.
In many instances, we can help borrowers who are mid-construction and need additional funds. This adds a few more layers to qualify but we have excellent resources that help borrowers get their projects back on track.
| Feature | Typical range |
|---|---|
| Loan term | 6 to 24 months (commonly 6, 12, 18, or 24) |
| Closing time | Typically 10–15 days, sometimes as little as 5 |
| Purchase leverage | Up to 90% of purchase price for newer borrowers; up to 92.5% loan-to-cost (LTC) with proven experience |
| Rehab funding | Up to 100% of the rehab budget, released in draws |
| Maximum loan-to-ARV (LTARV) | Commonly 75% |
| Example rates | About 11.99% (newer borrower) to 8.99% (5 completed projects), interest-only |
| Typical minimum mid-FICO | 660–680 (some programs have no FICO requirement) |
| Property types | Single-family, condo, townhome, 2–4 units; 5+ units with direct experience |
Examples are indicative of terms that may be offered and are not guaranteed. Actual terms vary by lender and each borrower’s scenario.
Here are a few recent fix and flip loans we closed for investors. Borrower names and property addresses are withheld for privacy.
Examples of past transactions only. Terms vary by lender, property, and borrower, and past results do not guarantee future terms. Leverage shown as loan-to-cost (LTC).
Fix and flip describes what the loan is for. Hard money describes the type of lender. Most fix and flip loans are funded by private or hard money lenders, so the two overlap. The real differences are in each program: rate, fees, leverage, how rehab funds are released, and term. We compare programs from multiple private lenders to find the best fit for your project.
Many fix and flip loans can close significantly faster than traditional mortgages, depending on the project details, borrower experience, and documentation readiness. Typically, we close fix and flip loans in 10–15 days, and sometimes in as little as 5 days. These timelines are heavily reliant on borrower and third-party response times. In other words, the lenders can only move as quickly as you and your team can.
Credit score requirements vary by program and lender. Approval is often based on the overall strength of the deal rather than credit alone. Generally speaking, most lenders require a mid-FICO of 660–680 or higher to qualify. However, some programs have no FICO requirements at all.
Most of the time, yes. Reserves show that a borrower can close the loan and also begin renovations with cash on hand, so some work can be completed before requesting the first draw for reimbursement. There are exceptions, but the requirement is usually a percentage of the rehab budget plus 3–6 months of interest-only payments, in addition to funds for the down payment and closing costs/fees. This detailed information will be provided on each quote that is issued to you.
Experience requirements vary by loan program. Some lenders require previous projects, while others offer options for newer investors with strong deals. Typically, the more experience a borrower has, the better the loan terms that will be available, such as lower rates and fees.
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