Fix & Flip Mortgage Loan Programs

Designed specifically for real estate investors looking to purchase, renovate, and sell properties for a profit.

Fix & Flip Mortgage Loan Highlights

• Loan Amount: Fix & Flip Mortgage Loan Programs can offer loan amounts up to $5 million or more, depending on the loan program and loan type.
• Loan Terms: Fix & Flip Mortgage Loan Programs are typically available with loan terms ranging from 6 months to 24 months, allowing investors to quickly complete their renovations and sell the property or refinance into a fixed rate DSCR loan to hold the property long term
• No Personal Income Documentation: Fix & Flip Mortgage Loan Programs typically do not require documentation of the borrower's personal income, as the focus is on the potential profit from the sale of the property. This typically classifies fix and flip loans as Commercial Loan programs.
• Fast Closing: Fix & Flip Mortgage Loan Programs can often be closed quickly, as fast as one week, allowing investors to take advantage of investment opportunities quickly. Options with better terms may require more time for underwriting requirements.
• Lower Credit Score Requirement: Fix & Flip Mortgage Loan Programs typically have lower credit score requirements compared to traditional loans, making them accessible to a wider range of borrowers.
• High LTV & LTC: Fix & Flip Mortgage Loan Programs can offer high Loan-To-Value (LTV) and Loan-To-Cost (LTC) ratios, providing investors with the financing they need to purchase and renovate properties.
• Exit Strategy: Fix & Flip Mortgage Loan Programs require investors to have a clear exit strategy, such as selling the property, in order to repay the loan. Other options including refinancing using a DSCR mortgage program to hold the property long term.

Fix & Flip Your Next Real Estate Investment Property Fast!

Simple Steps:

1. Identify Your Investment Property
2. Estimate Your Rehab Budget
3. Estimate Your ARV (After Repair Value)
4. Estimate Your Project Timeline
5. Fill Out the Form Below
6. Sign Your Term Sheet!

• Term Sheet in Hours!
• Advanced Draws Available
• 6-24 Month Terms
• 48 Hour Draw Requests
• Finance Payments Into Loan
• Up to 90% LTV Purchase
• Up to 100% Rehab Financing

MORE INFORMATION ABOUT FIX AND FLIP LOANS

Fix and flip loans, also known as rehab loans, are a type of financing that allows investors to purchase, renovate, and sell a property within a short period of time. These loans are popular among real estate investors because they allow for the acquisition of properties that may not meet the requirements for traditional financing. In this blog post, we will discuss the various types of fix and flip loans, how to use a mortgage calculator to determine the feasibility of a project, and the pros and cons of using hard money loans for fix and flip projects.

One of the first things to consider when looking into fix and flip loans is the type of financing that is best suited for your project. There are several options available, including traditional mortgage loans, hard money loans, and private money loans.

Traditional mortgage loans are the most common type of financing for residential properties. They are typically obtained through a mortgage lender and are secured by the property being purchased. The terms of a traditional mortgage loan are typically more favorable than other types of financing, but they also require a higher credit score and a longer approval process.

Hard money loans are a type of short-term financing that is backed by the value of the property being purchased, rather than the borrower's creditworthiness. These loans are typically issued by private lenders or investors and are ideal for fix and flip projects because they can be approved quickly and have flexible underwriting guidelines. However, hard money loans tend to have higher interest rates and fees compared to traditional mortgage loans.

Private money loans are similar to hard money loans in that they are issued by private lenders or investors and are based on the value of the property being purchased. These loans are often used for fix and flip projects because they can be approved quickly and have flexible underwriting guidelines. However, private money loans tend to have higher interest rates and fees compared to traditional mortgage loans.

Once you have chosen the type of financing that is best suited for your fix and flip project, the next step is to use a mortgage calculator to determine the feasibility of the project. A mortgage calculator is a tool that allows you to input various information about a property, including the purchase price, rehab costs, and expected sale price, to calculate the potential profit or loss of the project.

To use a mortgage calculator for a fix and flip project, you will need to know the following information:

Purchase price of the property
Rehab costs (including materials, labor, and any other expenses)
Expected sale price (also known as the After Repair Value or ARV)
Financing terms (including interest rate, points, and fees)
Once you have input this information into the mortgage calculator, it will calculate the potential profit or loss of the project. This will allow you to determine whether the project is feasible and whether it is worth pursuing.

There are pros and cons to using hard money loans for fix and flip projects. One of the main advantages of hard money loans is that they can be approved quickly, which is important for investors who are looking to move quickly on a property. In addition, hard money loans have flexible underwriting guidelines, which makes them a good option for investors who may not qualify for traditional financing.

However, there are also several drawbacks to using hard money loans. One of the main disadvantages is that they tend to have higher interest rates and fees compared to traditional mortgage loans. This can significantly increase the overall cost of the project and reduce the potential profit. In addition, hard money loans are typically shorter term loans, which means that the investor will need to pay them off quickly or risk default.

In conclusion, fix and flip loans are a popular financing option for real estate investors looking to purchase, renovate, and sell a property in a short period of time. There are several types of fix and flip loans available, including traditional mortgage loans, hard money loans, and private money loans. Each type of loan has its own advantages and disadvantages, so it's important to carefully consider your options before choosing the best financing solution for your project.

Using a mortgage calculator can be a helpful tool when evaluating the feasibility of a fix and flip project. By inputting information about the purchase price, rehab costs, and expected sale price, you can determine the potential profit or loss of the project. This will allow you to decide whether the project is worth pursuing and what type of financing is best suited for your needs.

Hard money loans are a popular option for fix and flip projects because they can be approved quickly and have flexible underwriting guidelines. However, they also come with higher interest rates and fees, which can increase the overall cost of the project. Private money loans are similar to hard money loans, but tend to have even higher interest rates and fees.

Ultimately, the decision of whether to use hard money loans for a fix and flip project comes down to the individual investor and the specific circumstances of their project. If you are considering a fix and flip project, it's important to carefully weigh the pros and cons of all your financing options and use a mortgage calculator to determine the feasibility of the project before making a decision. So, it is always wise to do your homework and consult with a mortgage lender or financial advisor before making any final decisions.