Fix and Flip Loans
Fix and flip loans deliver fast, asset-based capital for purchasing, renovating, and reselling residential properties. Close in 7–14 days, fund up to 90% of purchase + 100% of rehab, and scale your real estate flipping business with experienced lending partners.
About Fix & Flip Loans
Fix and flip loans are short-term, asset-based financing designed for real estate investors who purchase distressed properties, renovate them, and resell at a profit. Unlike conventional mortgages, these loans are underwritten primarily on the property’s after-repair value (ARV) and the investor’s experience — not personal income documentation. Terms typically run 6–18 months with interest-only payments during the rehab period.
Key Features & Benefits
Everything you need to know about what makes Fix & Flip financing a smart choice.
Fast Closings (7–14 Days)
Close quickly to win competitive auction and distressed property deals where speed matters more than rate.
Up to 90% LTC
Finance up to 90% of the purchase price, preserving your capital for multiple simultaneous projects.
100% of Rehab Costs
Full rehab budget financed via draw schedule — pay for materials and labor as milestones are completed.
No Income Verification
Underwritten on property value and investor experience — no pay stubs, W-2s, or tax returns needed.
Interest-Only Payments
Lower monthly carrying cost during the rehab phase improves project cash flow.
Scale Your Portfolio
Experienced flippers can maintain multiple active loans simultaneously to scale their business.
Who Uses Fix & Flip Financing
- Purchasing distressed single-family homes for renovation
- Funding 2–4 unit properties for flip resale
- Financing auction purchases with short close deadlines
- Adding value through strategic renovations before resale
- Scaling a house flipping business with multiple concurrent projects
- Converting distressed properties into updated rentals before refinance
Qualifications & Eligibility
- Property must be non-owner-occupied residential (1–4 units)
- Clear exit strategy: resale or refinance to long-term DSCR loan
- Credit score of 650+ preferred (680+ for best pricing)
- Borrower experience: 1+ successful flips for best rates (first-time OK with skin in the game)
- Minimum liquid reserves of 3–6 months of debt service
- Realistic after-repair value (ARV) supported by comparable sales
How It Works
Our streamlined process gets you from application to funding quickly.
Deal Review
Submit property info, purchase price, rehab budget, and projected ARV for initial review.
Term Sheet
Receive written term sheet within 24 hours with rate, points, LTC, and rehab draws.
Appraisal & Underwriting
Property inspected/appraised; borrower credit and experience verified.
Close Fast
Sign loan docs and close in as little as 7 days from receipt of appraisal.
Draw & Rehab
Request rehab draws as renovation milestones are completed; inspector verifies work.
Sell or Refinance
Sell the property for profit or refinance into a long-term DSCR rental loan.
Why Choose Growth Fund Partners for Fix & Flip
Frequently Asked Questions
Common questions about Fix & Flip loans answered.
What is LTC and how does it differ from LTV?
LTC (Loan-to-Cost) is the loan amount divided by total project cost (purchase + rehab). LTV (Loan-to-Value) is the loan divided by appraised or after-repair value. Fix and flip loans typically use both — e.g., 90% LTC and 75% ARV as ceilings.
Can first-time flippers get fix and flip loans?
Yes, but rates and LTC are more conservative. Experienced flippers with 3+ completed projects receive the best pricing (often 85–90% LTC), while first-timers may be capped at 75–80% LTC.
How are rehab funds disbursed?
Rehab funds are held in escrow and released as draw requests after inspector verification of completed work milestones. Typical draw cycle is 3–10 business days.
What happens if I don’t sell before loan maturity?
Most lenders offer 3–6 month extensions for a fee. Alternatively, you can refinance into a long-term DSCR rental loan if converting to a hold strategy.
Related Loan Programs
Explore similar financing options that might fit your needs.
Ready to Apply for Fix & Flip Financing?
Get pre-qualified in minutes. No impact to your credit score.