Fix & Flip Loans

Fix and flip property loans are the perfect way to fund your next renovation project. These loans start at $50,000 and can be used to acquire and renovate an investment property.

Fix and Flip Property Loans are especially attractive to…

  • Investors who want to buy and renovate quickly. With some exceptions, you must finish the job in 12 or 18 months.

Loan Features

  • Fix and Flip Property Loans are interest only

    While you are buying and renovating your only have to come up with a minimal monthly payment

  • Lots of properties types qualify

    Besides single-family homes, you also can flip a condo, a 2- to 4-unit multi-family, or even a multi-family with more than 5 units.

  • You can stretch the term

    The maximum loan period is generally 12 or 18 months, but you may be able to apply and get additional term extensions, giving you more time to finish your projects.

  • Get funding quickly

    Applying requires a one-time Individual or Business approval to determine your maximum Exposure Limit. After that, you can easily submit properties, with little paperwork needed to close on your funds.

Frequently Asked Questions

Is this a good option for a pro-flipper like me?

Fix and flip property loans are designed for both experienced and beginner investors, but having more real estate experience will qualify investors for larger Exposure Limits and potentially better loan terms. Borrowers go through a one-time approval, with yearly renewal, so funding each property loan is faster and easier.

How much can I borrow in total?

If you’re applying for exposure limit approval as an individual, you may qualify for a limit up to $1MM. If applying as an entity, the maximum exposure limit is capped at $10MM. Individual Fix and Flip property loans are available up to $3MM.

How do you calculate how much I can borrow?

We consider both the loan-to-value (LTV), which measures the fair market value, and the loan-to-cost ratio (LTC), which measures the total cost of buying and renovating. We always choose the lesser of the LTV and LTC calculations, which protects both you and our investors.

Will you lend to foreign nationals?

Yes, foreign nationals from approved countries are eligible.

What kinds of personal credit information are required?

For Individual or Business approval, we only require background checks, credit reports, and track records up to a $4MM limit. If requesting an exposure limit over $4MM, we also ask for income tax returns from the previous year.

Do I have to form an LLC or put my assets in a trust?

No, Exposure Limit approvals and Fix and Flip property loans may be closed as an LLC, a corporation, or an individual.

What kind of insurance do I have to buy?

For fix and flip loans, we require Hazard, Builder’s Risk, and Commercial General Liability insurance. We also require that borrowers carry flood insurance on properties in a flood zone. The maximum allowable deductible per property is 5 percent of the insured value. Our preferred insurer is Aon Affinity.

Will I be subject to a prepayment penalty?

We require a 90-day minimum interest charge, but otherwise there are no penalties.

Will flipping be as easy as it looks on TV?

TV shows are for entertainment only, but we’re the real deal. We know the real estate investment market, and we’ll work with you to make sure your project is handled quickly and efficiently. Along the way, we’ll make sure you have the opportunity to meet qualified settlement companies, knowledgeable permit expeditors, and other vendors who will help you be successful.

Why Finance of America Mortgage?

We’re not about pushing loan papers. We’re about moving your dream forward. And we do that through knowledgeable local advisors, a personal approach, and a variety of smart loan options.

Learn More About Why Finance of America Mortgage?


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