Key points before you decide
- Start with the goal: purchase, lower payment, shorter term, cash out, streamline refinance, or investor financing.
- Review the borrower profile: credit, income, debts, assets, property use and any timeline constraints.
- Compare the loan option against total monthly payment, cash to close, mortgage insurance, closing costs and long-term plans.
What Are Fix and Flip Loans?
Fix and flip loans are short-term loans used to purchase and renovate distressed or undervalued properties. The goal is to improve the property and sell it for a profit within a defined timeframe.
These loans are commonly used by experienced investors, but many programs also support first-time flippers with proper guidance.
How Fix and Flip Loans Work
- Short-term loan duration designed for renovation timelines
- Based on purchase price and after-repair value (ARV)
- Funds may be released in draws as renovations are completed
- Focus on project viability rather than long-term income
Typical Fix and Flip Loan Requirements
Exact guidelines vary, but most fix and flip loans share common expectations.
- Non-owner-occupied property
- Down payment or equity contribution
- Renovation budget and scope of work
- Acceptable credit profile
- Experience level (program-dependent)
Benefits of Fix and Flip Loans
- Fast funding compared to traditional loans
- Financing based on after-repair value
- Flexible structures for renovation projects
- Capital that aligns with resale timelines
Who Fix and Flip Loans Are Best For
- Active real estate investors
- Buyers renovating properties for resale
- BRRRR strategy investors (short-term phase)
- Investors needing fast acquisition capital
Fix and Flip Loan FAQs
How quickly can fix and flip loans close?
Many programs close faster than traditional mortgages, depending on documentation and project readiness.
Do I need prior flipping experience?
Some programs require experience, while others allow first-time flippers with additional structure.
Can I refinance into a long-term loan after the flip?
Yes. Many investors refinance into rental financing or DSCR loans if the property is held instead of sold.
Get Started with a Fix and Flip Loan
Share your deal details, renovation scope, and timeline, and we’ll help you determine the best financing structure.
Disclosure: This page provides general information and is not a commitment to lend. Fix and flip loan programs, rates, guidelines, and requirements vary by lender and are subject to change. Qualification depends on underwriting and complete documentation review.
NMLS: 80777
Licensed mortgage broker in Missouri, Kansas, and Louisiana.
Frequently asked questions
Who is Fix and Flip Loans best for?
Fix and Flip Loans may fit borrowers whose goals, documentation and property details line up with the program requirements. A mortgage review is the fastest way to compare options without relying on generic assumptions.
What documents should I prepare?
Most borrowers should be ready to discuss income, assets, debts, credit history, property details and the purpose of the loan. Exact documentation depends on the program and underwriting review.
What is the next step?
The next step is to talk with 360 Mortgage so the team can review your situation, explain available options and outline the application path.