FIX AND FLIP
Get the financing you need to purchase, renovate, and rent or sell non-owner occupied homes with 1-4 units
RATES STARTING AT 9.49%*
Our Fix & Flip loans enable investors to purchase, and rent & sell properties with 1-4 units.
Key Facts About Our Fix & Flip Loans
- Extensive rehab financing available (budgets > 50% of total costs)
- NO prior experience required
- Financing for up 100% of renovation expenses
- Foreign Nationals eligible
Term
12 months standard
18 month option case-by-case
Rehab/Construction Financing
Up to 100% of rehab budget
Maximum LTC (% of Purchase Price)
Up to 90% LTC
Maximum Loan-To-Value(Ltv)
Up to 75% ARLTV
When Do We Use Ltv Vs Ltc?
Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget)
Min FICO
660 FICO:
75% LTC with Tier 1 experience
660-680 FICO:
75-85%+ LTC with Tier 2-3 experience
660-680+ FICO:
85-90% LTC with Tier 4-5 experience
Recourse
Full Recourse Only
Loan Amount
$50K – $3.5MM
Loan Purpose
Rehab loan for non-owner occupied residential investment property
Borrower Type
Entity required
Property Types
Non-Owner Occupied:
Attached or detached SFR
2-4 unit properties
Townhomes
Warrantable Condos
Foreign Nationals
Not allowed from ineligible country list
Minimum Experience
NO prior experience required
READY TO SUBMIT A LOAN?
Why Choose Our Fix & Flip Loan?
- Fix & Flip loans are ideal for renovation projects of any size.
-
Grow with Us: Fund more loans, gain experience, and qualify for better terms.
- Financing available for extensive Fix & Flip projects.