Loan program · Investment
Fix and Flip Loans
Fix and flip financing is short term, business purpose lending used to acquire and renovate a property. Funds for the renovation are typically held in escrow and released in draws as the work is completed and inspected. The loan is repaid when the property sells or is refinanced into longer term financing.
Who it is designed for
- Investors buying properties needing significant repair
- Investors with a defined resale or refinance exit plan
- BRRRR investors who plan to refinance into a DSCR loan after stabilizing
Eligible occupancy types
- Investment property, business purpose only
Down payment or equity
Investors typically fund a share of the purchase price plus a portion of the renovation budget, with the exact split set by the program and your experience level.
Major benefits
- Renovation budget financed alongside the purchase
- Faster timelines than conventional financing on qualifying files
- Property condition standards are more flexible than agency loans
Important considerations
- Short term with interest only payments and a defined maturity
- Draw process requires inspections and can take time
- Cost of capital is higher than long term financing
- Experience level affects leverage and terms
How qualification generally works
- Scope of work and renovation budget
- Purchase contract and after repair value support
- Liquidity for down payment, carrying costs and contingency
- Investing experience summary
Documents commonly requested
- Photo ID and entity documents if you are closing in an LLC
- Lease agreements or a rent schedule appraisal for subject and other rentals
- Two months of asset statements for down payment, closing costs and reserves
- Mortgage, insurance, tax and HOA information on the schedule of real estate owned
- Business or investing experience summary, if requested by the program
- Detailed scope of work with contractor bids
- Exit strategy summary and comparable sales support
Frequently Asked Questions
Related programs and next steps
DSCR Loans
Investment property financing qualified on rent, not personal income.
Learn more Construction & RenovationOne Time Close Construction Loans
Build a custom home with a single closing that converts to permanent financing.
Learn more Construction & RenovationRenovation Loans
Finance the purchase or refinance plus the improvements in one mortgage.
Learn moreConsidering fix and flip loans?
We will review your documents, compare the realistic options, and give you a written preapproval you can use with confidence. Nothing on this page is a commitment to lend.