Fix and Flip Loans for Investment Properties

Typically fix and flip loans do not require income documentation.

Fix & Flip loans are based upon previous Fix & Flip experience. No experience is required but won’t have the most aggressive loan options available.

• Simplified Approval Process: Less paperwork and faster approval.
• No contractors needed: Best for borrowers who wish to manage their own projects.

• Loan Amount: $120K-$5MM
• Interest Rates: Typically higher than traditional loans due to increased risk.
• Loan Term: 12-18 months
• Down Payment & Loan to Value: Typically 6.5%-30% down or 93.5%-70% LTV (depending on experience level) to purchase a single family home, condo or townhome. 100% of the renovation costs are financed.

• Single family residential –
• 1-4 unit multi-family residential
• Townhomes
• Condos

No other property types are available.

We collect the following information to issue an approval:

• Copy of the purchase agreement.
• Credit Authorization – Must have a minimum of 680 middle score
• Copy of Social Security Card and ID
• Copy of your last 3 months of Bank Statements to source down payment and any cash injection
• Renovation plans and complete project cost breakdown
• Order Appraisal

The loan underwriting process is generally faster than traditional loans, often only taking a few weeks to close. The exact timeline depends on the complexity of the application.

Yes, these loans are available to first time Fix and Flip investors but at a lower LTV (70%).

•  2-4% points (of the loan amount) collected at closing (depending on complexity of the scenario) along with application and underwriting fees that can vary
• Typically the appraisal needs to be paid for by the applicant

Yes, you can complete your application directly on our website. Start your loan application today!