From purchase to profit — fast.
Hard money and rehab financing structured around your renovation timeline. Close in days, not weeks. Draw schedules tied to construction progress so funds move when your project does.
Underwritten to the deal, not your tax returns
Fix and flip lenders care about three numbers: purchase price, rehab budget, and after-repair value (ARV). Leverage runs up to 90% of the purchase price and 100% of rehab costs, capped at around 75% of ARV. Your experience level moves the terms — a first flip gets less leverage than a tenth — but nobody is asking for two years of tax returns.
Speed is the other half of the product. These loans close in days because the underwrite is the deal itself: the appraisal or comp analysis, your scope of work, and your track record. When a wholesaler’s deal has a Friday deadline, this is the financing that makes it.
How draws keep your capital working
Rehab funds sit in escrow and release as work completes — finish the roof, request a draw, an inspector verifies, funds wire. You front each phase and get reimbursed, so the budget and scope of work you submit up front should match how you actually sequence the job. We’ll help you structure it so draws land when your contractors need paying.
Payments are interest-only on drawn funds during the 12–24 month term, with no prepayment penalty — sell early or refinance into a DSCR loan (the BRRRR exit) the moment the property leases. Plan the exit before you close; we’ll often line up both loans at once.
Fix & Flip Loans: common questions
How fast can a fix and flip loan close?
Five to ten business days is typical, and faster is possible on a clean file with a responsive title company. The long pole is usually the appraisal or the scope-of-work review, both of which we start day one.
Do I need experience to get a fix and flip loan?
No, but it changes the terms. First-time flippers can absolutely get funded — expect slightly lower leverage and closer scrutiny of the rehab budget. Documented past projects unlock the top leverage tiers.
What is ARV and why does it cap my loan?
After-repair value — what the property appraises for once the renovation is done. Lenders cap total funding (purchase plus rehab) at roughly 75% of ARV so the deal still has margin if the market or budget slips. If your numbers don’t fit under that cap, the deal is thin, and it’s better to know before you close.
What’s the exit strategy if I decide to keep the property?
Refinance into a DSCR loan once it’s renovated and leased — the BRRRR play. Because there’s no prepayment penalty, you can make that move as soon as the property qualifies; we’ll often pre-scope the DSCR takeout while the flip loan is still in underwriting.
Send us the scenario. We'll tell you if Fix & Flip is the right fit — and what it prices at.
No SSN, no credit pull. A licensed broker reviews the scenario and replies by the next business day.
Program features described above are general descriptions of loan programs offered by third-party lenders and are subject to change without notice. This is not an offer of credit or a commitment to lend. All loans are subject to credit approval, income and asset verification, property appraisal, and program eligibility requirements. Not all applicants will qualify. Verified Home LLC is a mortgage broker, not a lender, and arranges loans with third-party providers. NMLS #2693996. Equal Housing Opportunity.