Fix And Flip Loans: Eligibility, Terms, and Why They’re Ideal for Real Estate Investors

Fix And Flip is a dynamic real estate investment strategy where investors purchase distressed properties, renovate them, and sell for a profit—and the right Fix And Flip loan can make or break your project. Whether you’re a seasoned investor or just starting, understanding the ins and outs of Fix And Flip financing is key to maximizing returns. Let’s break down the eligibility, terms, and benefits of Fix And Flip loans that align with your investment goals.​

First, let’s talk about eligible borrowers for Fix And Flip loans. The program welcomes a range of entities, including corporations, general partnerships, limited partnerships, limited liability companies (LLCs), and revocable trusts. But a personal guarantor is required, and this guarantor must own at least 25% of the entity—either for at least 180 days or since the entity’s inception. Importantly, the guarantor must be a U.S. citizen or permanent resident with a minimum Fico Score of 700. This ensures a level of financial responsibility that supports the Fix And Flip project’s success.​

When it comes to eligible properties for Fix And Flip projects, the focus is on non-owner-occupied properties. This includes Single-Family Residences (SFR), Planned Unit Developments (PUD), 2-4 unit buildings, and condos. This flexibility lets Fix And Flip investors target a variety of real estate assets, from small single-family homes to multi-unit properties, expanding their investment horizons.​

One of the most attractive features of this Fix And Flip loan is its max leverage. If you have a FICO score of 720, you can secure up to 90% of the purchase price—significantly reducing your upfront capital. Additionally, the loan covers 75% of the After Repair Value (ARV), whether or not there’s a holdback. For renovations, the max rehab budget is $250,000, funded via holdback, ensuring you have the funds to transform the property.​

Unlike traditional loans, Fix And Flip loans here require no bank statements or income verification. This streamlines the application process, letting you move quickly on hot properties—critical in competitive real estate markets.​

Credit requirements are clear: no unresolved bankruptcies in the last 24 months, no 90+ day mortgage delinquencies, no felony convictions (especially financial crimes), and no open charge-offs or collections over $10,000 (unless paid off by closing). A personal guarantee is mandatory, and credit checks are required once every 6 months. These standards protect both lenders and investors, ensuring a reliable partnership.​

For Fix And Flip investors, these terms balance flexibility and security. Whether you’re scaling your portfolio or tackling your first project, this Fix And Flip loan structure gives you the tools to succeed. Ready to turn distressed properties into profits? Explore your Fix And Flip loan options today.​