Understanding Fix and Flip Loans
“Fix and flip loans” or “house flipping loans” are loans with specific advantages for investors who are looking to purchase, improve, and sell or otherwise profit from a house, condo, multiplex, or building. For example, fix and flip house loans are often provided on much shorter loan terms than the typical 30 year loan term with typical mortgage lenders.
What are the advantages of loans for flipping houses?
Generally, fix and flip loans are intended to provide terms that are most favorable to house flippers with a track record of success. These loans are often targeted to short terms than traditional financing, but may provide more favorable interest rates, or be provided based on the future value of a property once it has been rehabbed.
How to get funding for flipping houses
We can connect you with experienced lenders with knowledge of your local area who are happy to walk you through your first home flipping loan experience, or help to expedite funding for experienced flippers who need access to capital.
Why is Local Flip Funding the best option to consider?
With Local Flip Funding, you can get fix and flip loans at leading national rates, often below-the-average rate of interest of most other hard money sources. Compare us to competitors, you will find the best:
- Origination Fees
- Interest Rates
- Track Record in the industry
- Specialization in Fix and Flips
- Loan Product Options (hard money loans vs. lines of credit, etc.)
About our Fix and Flip Loans
- Lines of credit up to $10MM with individual loan amounts from $50K to $2.5MM
- Financing for up to 90% of acquisition costs and 95% of renovation expenses, up to 75% After Repair Value
- Single property loans available for borrowers with no real estate investment experience
Property Types
- Non-Owner Occupied
- Single Family Residences (SFR)
- 2-4 unit properties
- Condos
- Townhomes
- Multi-family 5-20 unit properties
