Investor Fix & Flip Loans

Get Pre-Qualified Today & Shop with Confidence!

Investor Fix & Flip Loan

Get Pre-Qualified Today
& Shop with Confidence!

The Lowdown on Fix & Flip Loans…

If you’re an investor looking to for a fast source of financing to fix and flip a property, especially if you don’t have the greatest credit, a hard money loan could be the perfect “fix.” Hard money loans may be more expensive than other types of multifamily financing, but they close faster, often in less than 15 days– and will accept a much wider variety of borrowers. Typical terms for fix and flip hard money loans are between 12 and 36 months, and they usually have interest rates of between 7 and 12%. Plus, hard money loans can offer generous LTVs of up to 90%, and usually don’t have any prepayment penalties.

The Lowdown on
Fix & Flip Loans…

If you’re an investor looking to for a fast source of financing to fix and flip a property, especially if you don’t have the greatest credit, a hard money loan could be the perfect “fix.” Hard money loans may be more expensive than other types of multifamily financing, but they close faster, often in less than 15 days– and will accept a much wider variety of borrowers. Typical terms for fix and flip hard money loans are between 12 and 36 months, and they usually have interest rates of between 7 and 12%. Plus, hard money loans can offer generous LTVs of up to 90%, and usually don’t have any prepayment penalties.

Our Fix & Flip Loan Rates Are Low & Our Process is Quick

There are many components that make for a successful fix-and-flip. The buyer must be knowledgeable about the market, able to source properties at an appropriate price, able to assemble and manage a team to efficiently execute improvement plans, and able to obtain funding to finance the project.

Our Fix & Flip Loan
Rates Are Low &
Our Process is Quick

There are many components that make for a successful fix-and-flip. The buyer must be knowledgeable about the market, able to source properties at an appropriate price, able to assemble and manage a team to efficiently execute improvement plans, and able to obtain funding to finance the project.

Cost of Fix & Flip Loans

Outside of the renovation and construction costs themselves, flipping a property can hold hidden costs. While each property and project is different, there are inconsistencies in the types of costs investors are likely to encounter. As a general rule, expect to cover the following expenses when taking on a fix-and-flip:

  • The property’s purchase price
  • Holding costs including HOA fees, utilities, and insurance payments
  • Renovation/construction costs
  • Selling costs such as realtor fees, staging, and closing costs

Understanding these costs and having an accurate estimate in mind will be beneficial when applying for a fix-and-flip loan. Asking for an inaccurate amount could slow down the entire renovation process or lead to unnecessary debts, so be sure to crunch the numbers before requesting your loan.

Cost of Fix &
Flip Loans

Outside of the renovation and construction costs themselves, flipping a property can hold hidden costs. While each property and project is different, there are inconsistencies in the types of costs investors are likely to encounter. As a general rule, expect to cover the following expenses when taking on a fix-and-flip:

The property’s purchase price
Holding costs including HOA fees, utilities, and insurance payments
Renovation/construction costs
Selling costs such as realtor fees, staging, and closing costs
Understanding these costs and having an accurate estimate in mind will be beneficial when applying for a fix-and-flip loan. Asking for an inaccurate amount could slow down the entire renovation process or lead to unnecessary debts, so be sure to crunch the numbers before requesting your loan.

The Fix & Flip Loan Process

Here’s how our home loan process works:

  • Complete our simple Fix & Flip Loan Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

The Fix & Flip
Loan Process

Here’s how our home loan process works:

  • Complete our simple Fix & Flip Loan Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

Get Your FREE Loan Quote Now!

Get Your FREE
Loan Quote Now!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

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