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    Fix & Flip Loans

    Fast, flexible financing for house flippers and real estate investors—purchase and renovation costs included.
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    Real Estate Investing

    What Is a Fix & Flip Loan?

    Fix and flip loans are short-term financing solutions designed specifically for real estate investors who buy distressed properties, renovate them, and sell for profit.

    Get both acquisition and construction costs in one convenient loan — with fast approvals, flexible terms, and funding that moves as quickly as the market.

    Real estate investor reviewing house flipping project plans with fix and flip loan financing
    Key Advantages

    Benefits of Fix & Flip Loans

    Discover why fix and flip loans are the preferred choice for investors who buy, renovate, and sell properties for profit.

    Fast Approval & Funding

    Close in as little as 7-14 days with streamlined underwriting focused on the property's potential, not extensive personal documentation.

    Includes Renovation Costs

    Borrow up to 90% of the after-repair value (ARV), covering acquisition and construction costs in a single loan package.

    Short-Term Financing

    Interest-only payments during construction keep cash flow manageable while you renovate and prepare to sell. Flexible 12-24 month terms.

    Leverage Your Experience

    Lenders reward track records. First-time flippers accepted, but seasoned investors enjoy lower rates and higher LTV ratios.

    Multiple Properties Allowed

    Scale your flipping business without property count restrictions. Some lenders allow 10+ concurrent projects simultaneously.

    Asset-Based Lending

    Your personal income matters less than the deal's numbers. Focus is on ARV, experience, and profit potential for qualification.

    How It Works

    Sample Fix & Flip Deal

    See how a typical fix and flip project is financed from purchase to profit.

    Purchase & Costs

    Purchase Price$180,000
    Renovation Budget$70,000
    Total Investment$250,000
    After-Repair Value (ARV)$350,000

    Loan Structure & Profit

    Loan Amount (90% ARV)

    $315,000 — covers purchase + renovation

    Interest Rate & Term

    9-12% interest, 12-month term

    Projected Profit

    Sale: $350K – Payoff: $270K – Costs: $21K

    Estimated Net Profit: ~$59,000 — Actual returns depend on renovation costs, market conditions, and holding period.

    Qualification Checklist

    Fix & Flip Loan Requirements

    Here's what lenders look at when evaluating your fix and flip loan application.

    After-Repair Value (ARV)

    Up to 90% of the ARV — covers both purchase and renovation

    Down Payment

    Typically 10-20% of the purchase price depending on experience

    Credit Score

    Minimum 620-680 depending on lender and deal structure

    Property Type

    Residential properties in need of renovation — SFR, multi-family

    Loan Term

    Short-term 12-24 month interest-only financing

    Is It Right for You?

    Who Benefits from Fix & Flip Loans?

    Ideal Investors

    • Active house flippers seeking fast, reliable funding
    • First-time flippers with a solid renovation plan
    • Wholesale buyers purchasing at auction or from wholesalers
    • Scale-focused investors financing multiple projects

    Potential Drawbacks

    • Higher interest rates (9-15%) compared to traditional mortgages
    • Short repayment terms require quick turnaround
    • Not available for primary residences or buy-and-hold investors
    Common Questions

    Fix & Flip Loan FAQs

    Most fix and flip loans can close in 7-14 days, much faster than conventional financing. The streamlined underwriting focuses on the property's potential rather than extensive personal documentation.

    Not necessarily. While experienced flippers get better rates and terms, many lenders work with first-time flippers who have a solid renovation plan, adequate reserves, and reasonable deal projections.

    Most lenders offer up to 90% of the after-repair value (ARV). This means the loan can cover both the purchase price and renovation costs, as long as the total doesn't exceed 90% of what the property will be worth after repairs.

    Yes! Unlike conventional loans, fix and flip loans don't have strict property count limits. Many lenders allow 10+ concurrent projects for experienced investors with a proven track record.
    Explore Your Options

    Compare Other Loan Programs

    Not sure if a fix and flip loan is right for you? Explore these alternative financing options.

    VA Loans

    No down payment for veterans and service members

    Learn More

    Conventional

    Flexible financing with as little as 3% down

    Learn More

    FHA Loans

    3.5% down with flexible credit requirements

    Learn More

    DSCR Loans

    Investment property financing based on rental income

    Learn More

    Non-QM Loans

    Flexible solutions for unique financial situations

    Learn More

    Ready to Fund Your Next Flip?

    Get pre-qualified for fast, flexible fix and flip financing

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    Reviewed by Jonathan Mullins, Founder & Mortgage Loan Originator, NMLS #94015Last updated