Fix & Flip and Rehab Loans
Up to 100% loan-to-cost to buy and renovate a 1–4 unit property, with the rehab funded in draws as the work gets done.
Who it’s for.
Investors buying a house, duplex, triplex, or fourplex to renovate and sell or refinance. First-time flippers can qualify; the strongest leverage goes to borrowers with completed projects on record.
What it can pay for.
- Purchase of a 1–4 unit property
- Cosmetic or heavy renovation, including additions
- Interest reserves on larger scopes
- Refinance of a property you bought with cash, to pull capital back out for the rehab
What lenders look at.
- Your track record
- Completed flips or construction projects in the last few years, on title or as the general contractor. More experience means more leverage and better pricing.
- The after-repair value
- The loan is capped by what the property will be worth when it's done, so a supportable ARV matters as much as the purchase price.
- The scope of work
- A line-item rehab budget that matches the ARV. Lenders fund draws against it, so a realistic budget closes faster and draws smoother.
- Cash to close and reserves
- Down payment, closing costs, and a few months of interest in the bank. Credit is self-reported to get quotes; the lender verifies it later.
Documents you’ll usually need.
Not to get started. The analyzer and the quote request need none of this. Once you choose a lender, you upload these through a secure portal with a checklist.
- Purchase contract
- Scope of work and rehab budget
- Entity documents for your LLC or corporation
- Two months of bank statements
- Track record of completed projects, if you have one
Questions
Fix & Flip questions.
Can I get a fix and flip loan on my first deal?
Yes. Several lenders in our network work with first-time investors. Leverage is usually a little lower until you have completed projects on record, and a partner with experience can help.
How do rehab draws work?
The lender holds the rehab portion of the loan and releases it in stages as work is completed, usually after a quick inspection. You or your contractor front each stage and get reimbursed.
Do I need to show tax returns or W-2s?
Generally no. Fix and flip loans are underwritten on the deal, your experience, your credit, and your liquidity — not your personal income.
How fast can a fix and flip loan close?
Many close in two to three weeks once the appraisal is in and documents are complete. If you have a hard closing date, tell us in the application and we'll match lenders who can hit it.
Related programs
Up to 100% loan-to-cost to build new homes, townhomes, and small multifamily, with construction funded in draws as you build.
Short-term financing for a property that's ready now — to close fast, buy before permanent financing is lined up, or carry a property while it leases up.
Up to 85% on purchases and rate-and-term refinances, and 80% cash-out, for 1–4 unit rentals qualified on the rent, not your personal income.
Let’s find out what you qualify for.
A few minutes online, a real person on the other end, and answers fast. No credit pull, and you owe us nothing unless your loan closes.