Fix and Flip Loans
This loan is ideal for real estate investors looking for a short-term loan so they can flip their house after buying and rehabbing it.
Do you need a short-term loan so you can fix and flip a house? Our fix and flip loans allow you to purchase a property under market value, rehab it, and then re-sell it as quickly as possible. Typically a 1-year term with no pre-payment penalty, this type of loan enables investors like you to maximize returns on quick flips. If you have a larger rehab project that is going to take longer than one year, do not worry we also offer 2-year fix and flip options as well.
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WHAT MAKES THIS A GREAT PROGRAM?
- Close fast to compete with cash buyers
- Purchase and refinance loans up to 80% loan to as-is value
- Finance renovation and construction costs (CLTV not to exceed 90% of ARV)
- Home Depot Savings Program
- Stated-income only
- Interest rates based on recent investment experience & credit
- Interest-only payments
