Fix & Flip Loans

Get the financing you need for your fix & flip and fix & hold properties

Get Started with a Fix & Flip Loan

Our Fix & Flip Single Loan provides short-term funding that beginning and professional investors can use to flip single properties, with the option for rehab funding. In addition, our Fix & Flip Line of Credit offers experienced investors a line of credit they can use to acquire and/or renovate multiple properties.

Key Product Facts

  • Short-term financing loans $40,000 – $1,000,000*
  • Lines of credit up to $100,000,000 for larger, experienced investors to conduct multiple acquisitions
  • Additional financing options available for property rehab
  • Fixed rate on interest-only loans
Interest Rate
  • Single & Line of Credit: Rates starting at 6.99%
Finance of America Commercial Origination Fee**
  • Initial Draw Fee: > of $2,000 or 2.00% of advance amount
  • Rehab Draw Fee: 2.00% of draw amount
Minimum Property Value
  • SINGLE: $65,000
  • LINE OF CREDIT: $55,000
Minimum Loan Amount


Maximum Rehab Budget
  • SINGLE: 30% of purchase price
  • LINE OF CREDIT: 50% of purchase price
  • SINGLE: 9 months
  • LINE OF CREDIT: 9-18 months
Borrower Type


Maximum Loan-to-Value (LTV)

75% LTV

Maximum Loan-to-Cost (LTC)
Cost is purchase price amount.
  • SINGLE: 80%
When do we use LTV vs LTC?

Use lesser of LTV or LTC calculation

Cash Flow Requirement

Debt Service Coverage Ratio of 1.05x (only applicable to property values <$250,000)

Not sure whether you need the Fix & Flip Single Loan or the Fix & Flip Line of Credit?

  • The Fix & Flip Single Loan is designed for beginning or professional investors who need funding to flip a single investment property.
  • The Fix & Flip Line of Credit is a line of credit offered to experienced investors who have flipped or rented a minimum of three homes in the past 18 months.
  • Fix & Flip lines of credit allow investors doing repeated transactions to close quickly.
  • Both Fix & Flip Single Loan and Fix & Flip Line of Credit offer the option of rehab funding, if needed.
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*Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk based factors. Application fees, closing costs and other fees may apply.

**Borrowers working with a mortgage broker may incur broker Origination Fees, broker Initial Draw Fees, and/or broker Rehab Draw Fees; these fees vary by transaction.