What Is a Fix & Flip Loan?
A fix and flip loan is a short-term financing solution designed for real estate investors who buy properties, renovate them, and sell them for a profit. These loans typically cover both the acquisition cost and the renovation budget, providing investors with a single financing vehicle for the entire project.
Unlike traditional mortgages with 15 or 30-year terms, fix and flip loans are short-term — usually 12 to 24 months — with interest-only payments to keep your carrying costs low while you complete the renovation and sell the property.
As a broker with access to 299+ lenders, I can find the most competitive fix and flip terms available, whether you're a first-time flipper or managing multiple projects simultaneously.
Key Benefits & Features
Finance up to 90% of the purchase price and 100% of the renovation costs in a single loan, so you can keep more capital available for other deals.
Close in as few as 10-14 days. When you find a great deal, speed matters — and fix and flip lenders understand that.
Pay only the interest during the loan term, keeping your monthly carrying costs low while you renovate and prepare to sell.
Renovation funds are distributed in draws as work is completed and inspected, ensuring proper project management and fund allocation.
Loan amounts are calculated using the property's after-repair value, allowing you to borrow more than the current as-is value of the property.
Sell the property whenever it's ready — no minimum hold periods. Maximize your returns by moving quickly through your projects.
Who Qualifies?
| Requirement | Details |
|---|---|
| Credit Score | 620 minimum (660+ for best terms) |
| Experience | First-time flippers welcome; better terms for experienced investors |
| Down Payment | 10-20% of purchase price |
| Loan-to-ARV | Up to 70-75% of after-repair value |
| Loan Amounts | $75K to $3M+ |
| Loan Term | 12 to 24 months (extensions available) |
| Property Types | SFR, 2-4 units, townhomes, condos |
| Cash Reserves | Varies by lender — typically 3-6 months of payments |
| Closing Speed | As fast as 10-14 days |
How the Fix & Flip Process Works
Identify an undervalued property with strong renovation potential. I can help you analyze the numbers to make sure the deal works.
Submit your purchase contract and renovation scope. We'll underwrite the deal based on the as-is value and ARV, then close in as few as 10 days.
Complete renovation work in phases. As each phase is finished and inspected, funds are released from your rehab budget to pay contractors.
List the renovated property and sell for a profit, or refinance into a long-term DSCR loan if you decide to hold it as a rental.
Why Work with Jason for Fix & Flip Financing?
The difference between a profitable flip and a stressful one often comes down to financing. Bad terms, slow closings, and inflexible draw processes can eat into your margins and kill deals. I work with dozens of fix and flip lenders to find you the best combination of rate, leverage, speed, and flexibility.
Whether you're flipping your first property or your fiftieth, I understand the investor mindset and I'll structure your financing to maximize your returns.