Fix and Flip Loans

Fix and flip loans are short-term financing solutions tailored for investors aiming to buy distressed properties, renovate them, and sell them for a profit. These loans are ideal for investors who want to quickly acquire and flip properties with limited upfront capital or credit access.

Flipping houses requires significant effort, knowledge, and patience. However, once mastered, it can offer investors a straightforward way to earn short-term profits. Fix and flip loans provide an excellent opportunity for real estate investors needing fast access to capital with minimal obstacles or delays. While experience can be an asset, it’s important to remember that house flipping is a learning process, and many successful investors begin with little or no prior knowledge. To succeed, it’s crucial to thoroughly research each property, perform due diligence, and build a team of professionals to guide you through the process.

Fidelity Home Group offers up to 85% of the purchase cost and up to 100% for construction, depending on their experience.

What Are the Fix and Flip Loan Requirements?

Minimum credit score 660
Minimum down payment of 15% of the Purchase Price
Renovation financing up to 100% of construction cost
Loans up to $2 million
Loan term of 12 months with interest-only payments
We provide financing for a variety of property types, including single-family residences, 1-4 unit multifamily properties, condos, townhomes, and PUDs [ planned unit developments ].
No Income Documentation Required – No DTI Requirements

Fix and Flip Loan Highlights:

Any level of investor experience, no experience required [ we lend to new borrowers ]
Purchase Loan Amount – up to 85% of cost,
depending on investor experience
Construction Loan Amount – up to 100% of cost,
depending on investor experience
Total loan amount is up to 85% of the total cost
[ maximum after repair value LTV 70% ]
Our DSCR Loan is available after repair if investor wants to keep property
Quick closings in 15 Days
Interest-only payments
No Prepayment Penalty

Fix and Flip Loans

A “fix and flip” loan is a short-term bridge loan designed to finance the purchase of a property with the goal of selling it for a profit after completing renovations. This type of loan is ideal in the following scenarios:

When you need to close quickly
When the property requires renovations
When the property is not yet stabilized, leased, or producing income
When you’re unable to provide verifiable income
When you want a short-term loan with no prepayment penalties

Fidelity Home Group has experienced mortgage experts who are experts in the field of Fix and Flip loans. We offer top tier technology, competitive interest rates, and a commitment to help you achieve your dream of homeownership. We can be contacted several ways to help answer any questions you may have:

Call us at toll free at 888-259-2257 or text us at 407-955-4575