A fix-and-flip loan provides real estate investors with financing to purchase and renovate distressed properties. These loans typically cover a portion of the property acquisition cost and can fund up to 100% of the approved renovation budget. Fix-and-flip loans are structured as interest-only, meaning interest is paid only on the funds that have been drawn as renovation work is completed.

To secure a loan for a house flip, you’ll need to identify an investment property where value can be added through renovation. This may include light cosmetic updates or more extensive rehab, such as expanding the property’s square footage. House flip loans are designed strictly for investment purposes and are not available for owner-occupied homes.

To qualify for a rehab loan, an investor must either have a purchase contract in place or already own the property. A documented rehabilitation plan and detailed construction budget are also required. In addition, investors should be prepared to contribute a portion of the property’s purchase price at closing.

To qualify for a fix-and-flip loan, investors typically need a minimum credit score of 660 and at least one completed exit from an investment property within the past 36 months. This exit may include a prior flip, or the sale or refinance of an investment property where the investor was on title.

Investors with more experience may qualify for higher leverage, as well as more favorable interest rates and origination fees. While first-time investors may have more limited options, eligibility is determined based on overall qualifications and deal strength.

Fix-and-flip loans can often be funded in as little as three weeks for repeat borrowers. Timelines can be accelerated by completing borrower underwriting and experience verification in advance, as well as submitting all required documentation at the time of application. Expedited appraisal options may also be available for qualifying deals, helping move projects to closing even faster.

Once the rehabilitation is complete, investors have several flexible exit options, all without prepayment penalties. Investors may choose to sell the property and pay off the loan, retaining the profits from the project. Those who decide to hold the property as a rental can refinance into a DSCR-based rental loan. If additional time is needed to sell or finalize an exit strategy, refinancing into a short-term bridge loan may also be an option.

For clients who refinance internally, streamlined transitions and potential fee incentives may be available, with no seasoning period required between loan types.

Yes, we can finance both the purchase and refinance phases of a BRRR or fix-to-rent strategy. Our fix-to-rent solutions are designed to support investors through the full cycle—buy, rehab, rent, and refinance. Investors who use our financing for both the initial rehab and the long-term DSCR rental loan may qualify for discounted origination fees on the refinance.

As part of the loan process, rehab budgets are reviewed to help ensure projects are properly scoped and positioned for successful completion. This proactive review is designed to minimize cost overruns and delays.

If a project does take longer than anticipated due to factors such as weather delays, material shortages, or other unforeseen circumstances, loan extension options may be available. Investors experiencing potential delays are encouraged to communicate early so appropriate solutions can be explored and timelines adjusted as needed.

Fix-and-flip loans are available for single-family properties, multifamily properties of up to four units, and warrantable condominiums. Eligible projects may involve either light or heavy rehabilitation. To qualify, the property must have a minimum as-is value or purchase price of $100,000 prior to renovation.

Yes, foreign nationals may qualify for fix-and-flip loans, even without an established U.S. credit score. Eligibility is based on overall borrower qualifications and project details, and our team can guide foreign nationals through the underwriting process and required documentation.