A fix and flip loan is a real estate loan used to renovate a property purchased by the borrower. The borrower obtains a loan to purchase the property and then uses the funds from that loan to renovate the property before reselling it for a profit.
All loan programs are intended for business or investment purposes only unless otherwise specified.
A fix and flip loan are similar to a renovation loan, but there are some key differences between these two types of financing.
When comparing these two types of loans, it’s important to understand that they have different purposes and may not be right for everyone.
Before applying for either one, you should determine whether you want to live in the home or rent it out after you’ve finished renovating it. If you want to improve your residence while making money simultaneously, consider applying for a fixed and flip loan.
Our flexible long-term rental financing is designed to help investors reap the benefits of both property appreciation and rental income with rental property interest rates as low as 3.625%.*
In-house construction management
Rates, terms, and fees vary based on borrower qualifications, property type, and market conditions. Loan terms may include interest-only payments, origination fees, closing costs, and third-party fees. Business-purpose loans only.
