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Product Details

Our rehab loans help you minimize out-of-pocket expenses for both rehab and construction costs.

Fix and flip loans are short-term, real estate loans designed to help an investor purchase and renovate a property in order to sell it at a profit—generally within 12 to 24 months.

If you need liquidity and cash flow management assistance (to ensure your project gets completed) this loan is for you. This is a great program for investors that fix & flip properties quickly. We finance both acquisition AND renovation costs.

The more experience an investor has, the fewer out-of-pocket costs there will be. The more real estate investment experience you have, the fewer out-of-pocket costs there will be.

The process is very simple:

  • Bring your down payment to closing.
  • Use your funds to complete the first steps of the renovation process.
  • The lender reimburses you periodically throughout the project until it’s completed.

Fix and flip loans are most often used to purchase residential properties at auction or foreclosure, to finance renovations and upgrades, and to cover other expenses associated with the ownership of the property.

Rehab Loans for Fix & Flips

Fix and flip loans are short-term, real estate loans designed to help an investor purchase and renovate a property in order to sell it at a profit—generally within 12 to 18 months.

Frequently Asked Questions

What do fix-and-flip lenders look for?
Mortgage FAQ

Though your credit history is evaluated by fix-and-flip lenders, it’s not weighted as heavily as it is with a traditional home loan.

Lenders will, however, expect borrowers to have adequate cash reserves, equity in other properties, and, some real estate investing experience.

How do I get a Fix And Flip Loan?
Mortgage FAQ

The flexibility built into a hard money fix and flip loan is good news for borrowers, but it definitely doesn’t mean that lenders are handing cash to anyone who decides they want to try flipping houses. It also doesn’t mean that all fix and flip lenders are the same.

When you’re ready to get started, you’ll need to first find the right lender and then make sure they’re willing to invest in you.

  1. Find a local lender. An experienced lender in your area will be a true business partner. Someone with knowledge of the local market will understand real estate trends in your area and know contractors if you need help
  2. Find a reliable lender. Find a lender with a portfolio. Ask other flippers in your area who they work with and who they recommend. You need a financial partner who can demonstrate their own success in identifying and financing successful flips.
  3. Ask about construction draws. Construction draws are the incremental drawing of funds from the approved loan amount to cover construction work being done on the property. Some hard money lenders may impose a “construction holdback,” which means the funds will not be released until work is in progress or completed. Make sure you know how quickly your chosen lender will release funds for construction work.
  4. Count the cost. Before you apply for a fix and flip loan, know how much you need. Flipping a house is about more than the purchase and the renovation costs. There are also carrying costs and marketing costs, and you’ll want to cushion the budget a bit. Work out all five categories of cost on paper so you can show your lender that you’ve done the homework.
  5. Schedule the project. Create a detailed schedule for the completion of your renovation. List the work to be done, when each stage will begin and end, and an estimate of what each portion will cost.
  6. Know what lenders look for. Hard money loans vary from lender to lender, so make sure you know what your chosen lender requires. What kind of insurance will you need? Do you need to establish an LLC? etc.

What if do not qualify for a Fix & Flip loan?
Mortgage FAQ

While bad credit can make it difficult to get a fix-and-flip loan, it’s not impossible. FHA loans, for instance, have a minimum credit score of 500 to 579 with a 10% down payment.

However, if you don’t have good credit, expect to put up more capital for the investment, have substantial equity in other properties, or be able to demonstrate previous (successful) house-flipping experience.

There are two fix-and-flip loan options to consider: bridge loans and the FHA 203(k) rehabilitation loan. A bridge loan provides short-term financing to borrowers, either until they can secure more permanent funding or until the project is complete.

Bridge loan requirements will vary from one lender to the next. Some bridge loan lenders may require you to meet the same underwriting requirements as a standard home mortgage, while some lenders don’t require a credit check, a minimum credit score, income verification, or any prior real estate investment experience.


If you have bad credit and are considering a bridge loan, shop around with multiple lenders. Bridge loans tend to have higher interest rates and steep closing costs that can be as much as (or more) than those of a traditional home loan.

With an FHA 203(k) rehabilitation loan, borrowers with credit scores as low as 500 can borrow between $5,000 and $35,000 for a fix-and-flip. There are no income limits to qualify for a 203(k) loan, and down payment requirements are as low as 3.5% of the loan amount with a credit score of 580 or higher. There are origination fees and other costs involved with a 203(k) loan, as well.

Can you flip houses with no money?
Mortgage FAQ

There are many ways to flip houses with no money. Some options include partnering up with another investor, taking out a hard money loan, pulling from existing home equity on another property, crowdfunding, and in some cases, requesting a lease or owner financing.