Loan Programs  |  15

Fix & Flip Loans

Idle cash never flipped a house.

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The quick version

How it works

Fix and flip loans are short-term financing for investors who buy a property, renovate it, and sell or refinance it. Instead of focusing on your personal income, the lender looks mainly at the deal: the purchase price, the rehab budget, and the after-repair value, or ARV. Many programs fund part of the purchase and part or all of the renovation, with rehab money released in draws as work gets done. Terms usually run about six to eighteen months with interest-only payments, so your cash stays in the project. When the work is done, you either sell or refinance into a long-term rental loan like a DSCR loan, the classic BRRRR move. Experience helps your terms, but first-time flippers with solid numbers can qualify too.

Highlights

Deal-based qualifying

The property and the numbers do most of the talking.

Rehab funds in draws

Renovation money released as work is completed.

Fast closings

Built to move when the deal does.

Built-in exit to DSCR

Sell it, or refinance and keep it as a rental.

FAQ

Questions people actually ask

Tap a question to see the answer.

1How does a fix and flip loan work?+
The lender funds part of the purchase and often the renovation, based on the deal's numbers. You make interest-only payments during the project, then pay the loan off when you sell or refinance.
2What is ARV?+
After-repair value: what the property should be worth once renovations are finished. Lenders use it to size the loan and judge whether the deal works.
3How much money do I need to bring?+
It varies with your experience, the deal, and the lender. Expect to bring part of the purchase price and closing costs, plus reserves. We'll compare options so you can keep more cash in the project.
4Do I need flipping experience?+
Experience usually earns better terms, but it isn't always required. First-time investors with a strong deal and a realistic budget can often qualify.
5How fast can a fix and flip loan close?+
Often much faster than a traditional mortgage, depending on title, appraisal, and how quickly documents come in.
6Can I refinance into a rental loan when the work is done?+
Yes. Many investors refinance into a DSCR loan and keep the property as a rental. That's the BRRRR strategy: buy, rehab, rent, refinance, repeat.
7Is a fix and flip loan the same as a bridge loan?+
Investors sometimes call them bridge loans, but they're different products. Our bridge loan page covers homeowners buying their next home before selling the current one.
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This information is general and educational. It is not a commitment to lend. Program guidelines vary by lender, change over time, and are subject to credit approval and underwriting.

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Plano Mortgage Broker

Mohave Mortgage

5830 Granite Pkwy # 100-213

Plano Texas, 75024

Office: (469) 414-5554

Branch NMLS # 2690682

Mohave Mortgage

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