Getting a Fix and Flip Loan in Arizona is easier than it looks. With a plethora of lenders both nationwide & locally, it’s an ideal market for loan takers.

In 2019, the average home value in Arizona stands around 250,000$ and with home values increasing 7.5% in the last year, a lot of lenders are ready to serve your needs when it comes to Fix and Flip, Bridge Loans, Business Lines of Credit and more. With this much potential and signs of a growing market, loan takers can have their pick.

What loan takers need to have in mind is that while a hard money lenders are often ready to provide you with fast funding (some as soon as 1-2 weeks) that comes with certain disadvantages in contrast to standard bank loans. While the funding is extremely quick and painless, you still need to keep in mind that the interest rates are above average for loans and that you have to provide certain documents to be eligible for funding. As long as you have that in mind and know your numbers, how much you can purchase something for, the renovation cost and what you can sell it for, you should be just find. Just in case you need a few tips though, we compiled a small checklist down below.

When looking for a Fix and Flip loan in Arizona, here’s a useful checklist of what to look for:

•  Comfort -Make sure that the person you’re working with is reliable, responds within a reasonable timeframe and has your best interest in mind.
• Experience -How long has the company you’re working with been in business? What’re their reviews like? Have they made any similar loans to yours lately?
• Rates- How do their loan rates and turnaround time match up to competitors?
• Gut Feeling– The most important part is to find a lender you can trust. If it doesn’t feel right, move on to another option that you feel safe and good about.

Below we’ve provided a list of 50 possible local lenders in Arizona for your convenience.

Alternatively, you can Apply below in 30 seconds and we will help you get in contact with a hard money lender with low rates, fast turnaround and high LTV.
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Best of luck with your Fix and Flip Project!