Fix and Flip Loans in California
- 5-Star Rated Mortgage Broker
- Fix and Flip loans for investors
- Get finances for your new project
- We are professionals you can trust
- Office located in Los Angeles
What type of property are you refinancing?
Single Family
Multifamily
Condominium
Townhouse
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
What type of property are you purchasing?
Single Family
Multifamily
Condominium
Townhouse
Are you a first-time home buyer?
Yes
No
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
Final Step
By clicking "Get My Quote" you certify that you read and completely agree with the Privacy Policy
Summary
| Description | Information | Quantity | Price |
|---|---|---|---|
| Discount : | |||
| Total : | |||
What are Fix and Flip Loans?
Fix and flip loan is a short-term home loan used to purchase, renovate, and resell a property for profit. The borrower has to repay the loan after selling the property within 12 to 36 months.
A fix and flip loan is a short-term loan used to purchase cheaper properties, renovate (fix) them and sell (flip) them at a higher rate than the buying cost to get the profit. House flipping is a good option of investment that involves purchasing inexpensive houses and selling them after renovation to get a good amount. Thinking about becoming an investor in California? Consider fix & flip.
If you considering getting a traditional loan, the lender or bank will deeply evaluate your credit history, which is an extensive and time taking process. You may also be disqualified from the conventional loan if you have a low credit score. Fix and flip rehab loans will save you from a long documentation process. Saving time means also saving money and energy.
How to Qualify for a Fix and Flip Loan?
Like other loans, there are stages to qualify. But unlike conventional loans, the process is simpler.
Worth of the Property, no the Credit Score
For the fix and flip loan, the lender is more concerned about the worth of the property rather than the credit score. Borrowers with lower credit may still qualify if they have flipping experience. On average, the credit score should be more than 550, but it may vary among lenders.
Lender and the Property
If the borrower defaults, the lender has a right to sell the property.
Size, Terms and Rates of the Loan
The loan size varies depending on the cost of the property. The average interest rate for hard money loans is 12%, sometimes more or less. Few lenders in Los Angeles and other regions of California also offer loans with a 7.5% interest rate.
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
What are the Advantages and Disadvantages of Fix and Flip Loans?
The borrower who does not want extensive paperwork, lower qualification criteria, and quick access to the money then must opt for a fix and flip loan. It is the best option for real estate investors because they get capital in hand within a few weeks. These are not the only advantage of fix and flip loan other benefits of it include:
Pros
Short-term Repayment
12 to 36 months. No prepayment penalties.
Security
The property is collateral. If default occurs, lender takes possession and resells.
Flexible Underwriting
No rigid requirements vs traditional mortgages.
Quick Money
Funding may complete within a week.
Cons
High Interest
12–15% vs 2–5% for conventional loans. Closing costs also higher.
No Loan Extensions
Must repay in 12–36 months.
Not for Beginners
Low qualification chances without flipping experience.
What is a Hard Money Loan?
A hard money loan is a short-term financing option for real estate. It is quicker than a traditional mortgage and has low qualification criteria.
The lenders of hard money loans might be an individual or an enterprise. Interest rates are high, typically 10–18%.
Lenders usually fund up to 75% of the property’s value.
Things to Do Before Getting a Fix and Flip Loan
Easy to qualify, but preparation is important.
Investment Cost Calculation
List purchase price, renovation, marketing, and carrying costs for lender review.
Find the Best Fix and Flip Lender
Shop lenders, compare terms, and ask other investors for feedback.
Renovation + List of Works
Prepare a renovation plan with timelines and costs to match loan terms.
Fix and Flip Loans FAQ
What is a fix and flip loan?
A fix and flip loan is a short-term real estate loan that covers the purchase and renovation costs of a property. The loan is repaid within 12 to 36 months, typically after the property is sold.
How do I qualify for a fix and flip loan in California?
Qualification depends less on credit score and more on the property’s value and potential resale price. Lenders focus on the after-repair value (ARV) and your renovation plan. A credit score above 550 helps, but experience with flipping properties carries more weight.
What are the advantages of opting for a Fix and Flip Loan over conventional loans?
The main benefits are quick funding (often within weeks), flexible underwriting, and no prepayment penalties if you repay early.
What are the cons of fix and flip loans?
Rates are higher (12–15%), repayment is short-term with no extensions, and beginners may find it harder to qualify without prior flipping experience.
What should I do before applying for a fix and flip loan?
Prepare a full cost estimate (purchase, renovation, carrying costs), research reliable lenders, and create a detailed renovation plan with timelines. Lenders want to see you have a clear exit strategy.
Are there any special requirements for fix and flip loans in Los Angeles?
In Los Angeles, lenders primarily evaluate the ARV (after-repair value). Being familiar with local market trends and having a renovation team in place strengthens your application.
How does the application process work for a fix and flip loan?
The process starts with identifying the property, submitting an application with your renovation plan and budget, and receiving quick approval and funding if the project meets lender criteria.
GET IN TOUCH
OUR BUSINESS LOCATION
FOLLOW US
