Fix and Flip Loans
Financing built around your renovation timeline.
A fix and flip loan funds both the purchase and renovation of an investment property, with draws released as work is completed, giving investors the capital to buy, renovate, and resell (or refinance) on a short-term timeline without tying up cash reserves.
Who this is for
Is this your loan?
Investors renovating a property to resell or refinance quickly.
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How does a fix & flip loan work?
A fix and flip loan funds both the purchase and renovation of an investment property, with draws released as work is completed. It gives investors the capital to buy, renovate, and resell (or refinance) on a short-term timeline without tying up cash reserves.
What does a fix & flip loan include?
- Financing for purchase price and renovation budget in one loan
- Draws released as renovation milestones are completed
- Short-term structure aligned with a resale or refinance exit
- Qualification centers on the deal and after-repair value (ARV)
Who is a fix & flip loan best for?
Best for: investors renovating a property to resell or refinance quickly.
Fix and Flip Loans FAQs
Asked constantly. Answered honestly.
What is a fix and flip loan?
A fix and flip loan finances both the purchase price and renovation budget of an investment property in a single loan, releasing funds in draws as renovation work is completed. It's built around a short-term exit: reselling or refinancing once the renovation is done.
How much can I borrow for a fix and flip project?
Fix and flip lenders typically lend a percentage of the purchase price (often 80 to 90%) plus a percentage of the rehab budget (often 100%), commonly capped at a percentage of the after-repair value (ARV), such as 65 to 75%. Exact limits vary by lender and the borrower's experience level.
What is ARV (after-repair value)?
ARV is the estimated market value of the property after renovations are complete. Lenders use ARV, usually established through an appraisal or comparable sales analysis, to determine the maximum loan amount, since it reflects the property's value once the planned improvements are finished.
Do I need real estate investing experience to get a fix and flip loan?
Not always, but many lenders offer better rates, terms and leverage to borrowers with a track record of completed flips. First-time investors can often still qualify, sometimes with a larger down payment or a lower loan-to-ARV ratio.
What's the difference between a hard money loan and a fix and flip loan?
They overlap but aren't identical. Hard money is a broad category of fast, asset-based short-term financing that can be used for almost any time-sensitive investment purchase. A fix and flip loan is a specific type of short-term investor financing structured to fund both the purchase and the renovation budget, with draws tied to renovation progress.
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