Fix & Flip Loans

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Fix & Flip Loans: Fund the Purchase and the Rehab

A fix and flip loan is short-term financing (typically 12–24 months) that covers up to 85–90% of a property’s purchase price and up to 100% of rehab costs, capped around 70–75% of the after-repair value (ARV). Rates in 2026 typically run 9.5–12% interest-only, with closings in as little as 5–10 days. First-time flippers qualify with 660+ credit; experienced investors get better leverage and pricing.
Last updated: 2026-07-19 · Reviewed by the InvestmentDeals.ai Capital Desk

Fix & Flip Loans: 2026 terms at a glance

Term Typical range (2026)
Loan amount $100K – $3M+
Purchase LTC Up to 85–90%
Rehab funding Up to 100% (in draws)
Max ARV 70–75%
Rate range (2026) ~9.5% – 12% interest-only
Origination 1.5 – 3 points
Term 12 – 24 months
Close speed 5 – 10 days
Min credit ~660 (first-timers)

How fix & flip financing works in 2026

Fix and flip lenders underwrite the deal, not your W-2. The three numbers that matter: purchase price, rehab budget, and ARV (after-repair value). A typical structure funds 85–90% of purchase plus 100% of rehab in draws, so long as total loan stays under ~70–75% of ARV. You pay interest-only monthly and repay the principal when you sell or refinance. Experience tiers matter: an investor with 5+ completed flips gets higher leverage, lower rates, and faster draws than a first-timer.

What it costs

Beyond the interest rate, budget for 1.5–3 points at origination, an appraisal or BPO, and draw inspection fees. On a $300K purchase + $75K rehab, all-in financing cost for a 6-month flip typically lands between $18K–$28K — which is why speed of execution matters more than a half-point of rate.

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Frequently asked questions

How much can I borrow with a fix and flip loan?
Most fix and flip lenders fund up to 85–90% of the purchase price plus up to 100% of rehab costs, as long as the total loan stays under 70–75% of the after-repair value (ARV). Loan amounts commonly range from $100K to $3M+.
What credit score do I need for a fix and flip loan?
Most lenders want 660+ for first-time flippers; experienced investors with completed projects can qualify with more flexibility and receive better leverage and pricing. The deal’s numbers matter more than your score.
How fast can a fix and flip loan close?
5–10 business days is standard once you submit the purchase contract, rehab budget, and entity documents — some lenders close in as little as 48–72 hours for repeat borrowers.
Do fix and flip loans require income verification?
Generally no. These are business-purpose loans underwritten on the property and your track record, not personal DTI. You typically borrow through an LLC.
Can a first-time flipper get financing?
Yes. First-timers typically see slightly lower leverage (80–85% of purchase) and rates at the higher end of the range, and lenders weight the strength of the deal and your liquidity more heavily.

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