Fix and Flip Loans

Program Overview

Fix and Flip Loans provide specialized financing for real estate investors who buy, renovate, and sell properties for profit. These programs are designed for experienced investors and those wanting to enter the fix-and-flip market with the right financing support.

How It Works

This program provides short-term financing to purchase a property, fund renovations, and hold the property until it's sold. The loan is typically 12-18 months and includes both purchase and renovation costs in one transaction.

Key Benefits

• Short-Term Financing: 12-18 month terms perfect for flipping
• Purchase + Renovation: Finance both purchase and renovation costs
• Fast Approval: Quick approval process for qualified investors
• Flexible Terms: Various loan amounts and terms available
• Interest-Only Payments: Lower monthly payments during renovation

Program Requirements

Credit Requirements

• Minimum Credit Score: 700
• Credit History: Good credit history required
• Credit Inquiries: Limited recent inquiries preferred
• Payment History: No recent late payments

Investment Requirements

• Investment Experience: Previous real estate investment experience preferred
• Property Analysis: Must demonstrate ability to analyze properties
• Market Knowledge: Understanding of local real estate market
• Exit Strategy: Clear plan for selling the renovated property

Renovation Requirements

• Detailed Plans: Complete renovation plans and specifications
• Renovation Budget: Detailed cost breakdown and timeline
• Licensed Contractor: Experienced, licensed contractor required
• Permits: All necessary building permits must be obtained
• Renovation Scope: Cosmetic and structural renovations allowed

Income Requirements

• Stable Employment: Minimum 2 years of stable employment
• Income Verification: W-2s, pay stubs, or business documentation
• Income Stability: Demonstrated ability to maintain income
• Debt-to-Income: Maximum 43% DTI ratio

Property Requirements

• Property Types: Single-family, condos, townhomes, multi-unit properties
• Occupancy: Investment property only
• Location: All 50 states
• Property Condition: Must be structurally sound

Down Payment Requirements

• Minimum Down Payment: 25%
• Source of Funds: Must be properly documented
• Gift Funds: Limited or not allowed
• Asset Verification: Down payment source must be verified

What to Expect

Step 1: Property Analysis

We'll analyze the property and its renovation potential. This includes evaluating the purchase price, renovation costs, and potential resale value.

Step 2: Renovation Planning

We'll review your renovation plans, budget, and timeline to ensure the project is feasible and profitable. This includes analyzing costs, timeline, and contractor qualifications.

Step 3: Loan Application

Complete the fix-and-flip loan application. We'll approve the total loan amount including purchase and renovation costs.

Step 4: Renovation Process

During renovation, you'll make interest-only payments on the drawn amount. We'll conduct inspections and release funds as renovation progresses.

Step 5: Sale & Payoff

Once renovations are complete, you'll sell the property and payoff the loan with the proceeds.

Who This Program Helps

• Experienced real estate investors wanting to expand their portfolio
• New investors entering the fix-and-flip market
• Contractors wanting to finance their own projects
• Property developers working on smaller projects
• Those with renovation experience wanting to profit from their skills