Fix & Flip Loans
Fix & Flip Loans
Our Number One Goal
Getting the CLEAR to CLOSE!
UP TO 90% OF THE PURCHSE
100% OF THE REHAB
UP TO 70% OF THE ARV (AFTER REPAIR VALUE)
Residential and Commercial
Fix & Flip
$10K to $10MM
No application fee | No appraisal | No income or employment verification and no asset verification
Interest rates based on property location, FICO score, borrower's experience, and property valuation/appraisal.
FIX & FLIP LOANS
UNDER $75K
YEP! YOU READ THAT RIGHT!
Under $75K
WITH NO MAXIMUM ON THE REHAB!
Minimum 600 Credit Score
Rate starting at 11.99%
6 Month w/Extension Available
TRUE DEFERRED PAYMENTS
$75K to $750K
90% Purchase & 90% Rehab
Minimum 640 Credit Score
Rates Starting at
1% Per Month
6 - 24 Months
HOW TO DETERMINE THE BEST MARKET FOR FLIPPING
Homeownership vs Renter
Areas with high
homeownership (versus rentals) is evidence of purchasing power. States with low homeownership rates make the chances of flipping homes for a living less probable.
Median Monthly Housing Costs
Families prefer to invest where the housing costs (insurance payments, utilities, property taxes, HOA fees, and household maintenance) aren't through the roof. Additionally, you, as a flipper, don't want high housing costs while waiting to sell the home.
Average List & Sell Price
The best markets for flipping have a reasonable ratio of average listing and average selling prices.
Household Income
The higher the median household income is in any given state, the higher the chances for you to sell the house.
Number of Realtors
States with more realtors have a better chance of selling properties fast. If only a few realtors are there, that is a clear sign of a market that is not conducive to flipping.
Average Time to Sell the Home
The longer the home stays on the market, the more money you lose. So, the locations with quick sell times rank higher.
Higher vs. Lower
Home Values
You can generate more profit in markets where the average home price is high and equates to higher demand.
Average Remodeling Costs
You don't want to overspend on remodeling, especially with a low average sales prices.
