Fix & Flip Loan

Fix and flip loans and lines of credit are the perfect way to fund your property renovation. These loans start at $50,000 and can be used to buy the property and then pay the cost of renovating. You can sell the property right away — or you can hold them and rent them out.

Fix & Flip Loans are especially attractive to…

  • Investors who want to buy and renovate quickly. With some exceptions, you must finish the job in 12 months.
  • Investors who have a modest amount to invest. Your cash investment can total 25 percent or less of the purchase and renovation costs combined.

Loan Features

Fix and flip Loans are interest only

While you are buying and renovating — with no rental income — you only have to come up with a minimal monthly payment.

You don’t need much cash

You can potentially borrow 90 percent of the purchase price and 100 percent of the rehab costs.

Lots of properties qualify

Besides single-family homes, you also can flip a townhouse, a 2- to 4-unit multi-family, or even a multi-family with more than 5 units (exposure limit only).

You can stretch the term

The maximum loan period is generally 12 months, but you may be able to apply and get additional term extensions, giving you more time to finish your projects.

You can buy a property almost anywhere

We do business in all states except North Dakota, South Dakota, Utah and Vermont.

Get funding quickly

Applying for an exposure limit requires a one-time approval. After that, you can easily submit properties, with little paperwork needed to close on your funds.