Short-term financing to buy, renovate and sell investment properties across Texas, from Houston to Austin.
A fix and flip loan is short-term financing built around the project. It can cover part of the purchase price and the rehab budget, and it is often sized on the after repair value, or ARV.
Rehab funds are released in draws as the work is completed. Payments are usually interest only, and the loan is paid off when you sell, or when you refinance into a long-term rental loan.
Seasoned investors can get stronger terms, but first-time flippers in Texas can qualify too. Bring the scope of work, a realistic budget, your contractor and your exit plan.
Pull recent sales of finished homes in Houston, Dallas, San Antonio and Austin to support your ARV. Check permit rules with the city before you start. Build in time and money for surprises.
Run your project through our ARV calculator, or call us and we will look at it with you.
Investor loans in Texas · DSCR loans in Texas · Landlord loans in Texas · All states
Often, yes. Experience can improve your terms, but some lenders work with first-time investors who bring a solid plan, a realistic rehab budget and a good contractor.
Many programs fund part of the purchase and part or all of the rehab budget. Rehab money is usually released in draws as the work is completed.
That is called fix and rent. Once the work is done and the property is leased, you can refinance into a long-term DSCR loan.
After repair value: what the property should be worth once the renovation is done, based on recent sales of similar finished homes nearby. Many flip loans are sized on it.
Business purpose loans for investment and commercial property only. Not for a primary residence or personal, family or household use. Programs, terms and approval depend on the lender, the property and the borrower. This is not a commitment to lend.