Fix & Flip Loans — Fast Funding for Investors
Need capital to buy and renovate a property? Our fix & flip loans are underwritten on the After Repair Value (ARV) — what the property is worth after renovation — so you can borrow more than the purchase price and fund your rehab in the same loan. Close in 5–10 business days.
Fix & Flip Program Highlights
- Up to 90% of purchase price + 100% of rehab costs
- Loan sized on After Repair Value (ARV), not current value
- No income documentation required
- Close in 5–10 business days
- Interest-only payments during rehab period
- Loan amounts from $200,000 to $5M+
- Single-family, 2–4 unit, small multi-family eligible
- First-time flippers welcome with a strong deal
- Texas and 43 states
How Fix & Flip Loans Are Sized
| Deal Component | Example Amount |
|---|---|
| Purchase Price | $180,000 |
| Rehab Budget | $45,000 |
| After Repair Value (ARV) | $310,000 |
| Max Loan (80% ARV) | $248,000 |
| Funds Available for Closing + Rehab | $225,000+ |
| Your Cash In (est.) | ~$0 on strong deals |
What We Look For in a Flip Deal
Deal Spread
Purchase price vs ARV margin of at least 25–30%. The deal math matters more than anything else.
Realistic Rehab Budget
Contractor bids or a detailed scope. We want to see you haven’t underestimated the renovation.
Clear Exit Strategy
Sell or rent after completion. BRRRR investors can refinance to DSCR at stabilization.
Experience
Helpful but not required. First-time flippers with a strong deal and a licensed GC are welcome.
Fix & Flip Loan Terms
| Feature | Typical Terms |
|---|---|
| Loan-to-ARV | Up to 70–80% of after-repair value |
| Loan-to-cost | Up to 90% purchase + 100% rehab |
| Term | 6–18 months (interest-only) |
| Interest rate | Quoted on your deal |
| Points | 1.5–3 at origination |
| Minimum loan | $75,000 |
| Maximum loan | $5M+ |
| Close time | 5–10 business days |
| Income docs | Not required |
| Credit minimum | 600 FICO (580+ on some programs) |
| Rehab draws | Released as work is completed and verified |
How the Draw Schedule Works
Renovation funds are held in reserve at closing and released in draws as work is verified. Typical process:
- Submit a draw request with contractor invoices or inspection photos
- We verify completed work (drive-by or virtual inspection for large draws)
- Funds released within 24–48 hours directly to you or your contractor
- Repeat for each renovation phase
Most flips use 3–5 draws over the project timeline. We keep the draw process fast so your contractors stay paid and on schedule.
The BRRRR Exit: Flip to DSCR Hold
Not all flips end in a sale. Many investors use fix & flip financing to execute the BRRRR strategy — Buy, Rehab, Rent, Refinance, Repeat. The flip loan funds the acquisition and renovation; once the property is rented, you refinance into a 30-year DSCR loan and pull your equity back out. We fund both sides of this transaction.
Fix & Flip Loan FAQ
Can I get a fix and flip loan as a first-time investor?
Yes. We evaluate the deal first — if the purchase price vs ARV makes sense and you have a licensed general contractor with a solid scope, we can fund first-time flippers. Your contractor’s experience partially compensates for your lack of flip history. That said, better pricing is available for experienced investors with 3+ completed flips.
What if my rehab runs over budget?
We can modify the draw schedule and in some cases approve additional rehab funds if the ARV still supports the loan. The key is communicating early — tell us before you’ve spent your contingency, not after. We’d rather work with you than put a deal at risk over a $10,000 scope change.
Do I need to own the property before applying?
No — we can pre-approve you for a fix and flip loan before you find a deal, so you’re ready to move the moment something comes up. We need the property address and your contractor’s scope of work to finalize the loan. Pre-approval takes 24–48 hours.
Can I use a fix and flip loan on a property I already own?
Yes — this is a rehab cash-out refinance rather than a purchase. We’ll lend against the property’s ARV and use funds to pay off any existing balance, cover rehab costs, and potentially pull cash out. The structure is the same as a flip loan, just applied to a property you already hold.
What markets do you lend in?
We fund fix and flip loans in 43 states. Texas is our primary market (DFW, Houston, Austin, San Antonio) but we actively fund flips in Florida, Georgia, the Carolinas, Tennessee, Arizona, and most other states. Call us about your specific market — some rural counties and very small loan amounts have limited options.
Ready to fund your next flip? Apply for a fix and flip loan today — free quote, close in 5–10 days.