Fix and Flip Loans
Fix and Flip Loans—Fast, Flexible Financing for Real Estate Investors
A Fix & Flip Loan is designed for real estate investors who want to purchase, renovate, and resell properties for profit. These short-term loans provide the capital you need to acquire a property and fund the repairs or upgrades—all under one convenient loan. In Miami’s fast-moving real estate market, Fix & Flip Loans help investors close quickly and turn distressed or outdated homes into profitable investments.
Basic Requirements
To qualify for a Fix & Flip Loan in Miami, borrowers must have a clear plan for purchasing, improving, and reselling the property. These loans are based more on the property’s value and project potential than on personal income.
Typical requirements include:
- Credit score: usually 700 or higher
- Down payment: 10%–20% of the purchase price (depending on experience and lender)
- Loan term: short-term, typically 6 to 18 months
- Loan amounts: up to 90% of purchase price and 100% of rehab costs (not to exceed 75% of after-repair value, or ARV)
- Property types: single-family homes, condos, townhomes, and 2–4 unit properties
- Experience: first-time and seasoned investors welcome; better terms often available for experienced flippers
Funds are usually disbursed in draws as renovation milestones are completed, helping you manage costs and keep projects on track.
Who Can Qualify and Property Types
Fix & Flip Loans are ideal for investors, real estate professionals, and builders looking to purchase undervalued or distressed properties and bring them back to market value. Eligible property types include single-family homes, townhouses, condos, and small multifamily properties throughout Miami-Dade, Broward, and Palm Beach County.
These loans are especially popular among investors who:
- Want fast closings to stay competitive in the market
- Prefer short-term financing with quick turnaround
- Need funding for purchase and renovation in one loan
- Want to leverage property equity to maximize returns
What's Not Allowed
Fix & Flip Loans cannot be used for primary residences or owner-occupied homes. Properties used solely for commercial or land development purposes are also ineligible. Borrowers must provide a clear exit strategy—usually by selling or refinancing the property after renovations. Additionally, loans with negative amortization, balloon payments beyond 24 months, or stated income without asset verification are not permitted.
Why Choose a Fix and Flip Loan
A Fix & Flip Loan in Miami gives investors the speed, flexibility, and capital they need to succeed in today’s competitive real estate market. These loans allow you to buy undervalued homes, renovate them, and sell for a profit—all while keeping your cash flow strong. With streamlined approvals, fast funding, and programs tailored for both new and experienced investors, you can focus on what matters most—growing your portfolio and maximizing returns.
As your trusted Miami mortgage broker, I’ll help you structure your project, connect you with the best private and institutional lenders, and secure a Fix & Flip Loan that fits your timeline and goals.
Contact me today to get pre-qualified and start transforming your next investment property into a profitable success story.
FAQ
What types of home loans are available in Miami?
In Miami, you can access various types of home loans, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans for first-time buyers, VA loans, and jumbo loans. Each type comes with unique terms and benefits, and our team can help you choose the best option for your needs.
How do I determine how much I can borrow for a home loan?
Your borrowing capacity is primarily determined by your income, credit score, and existing debts. We recommend starting with a mortgage pre-approval, which gives you a clearer idea of your budget and helps you make informed decisions during your home search.
What is an FHA loan, and who is it for?
An FHA loan is a government-backed mortgage that allows first-time homebuyers to purchase a home with a lower down payment—typically as low as 3.5%. It's a great option for those with lower credit scores or limited financial history.
How long does the home loan approval process take?
The home loan approval process can take anywhere from a few days to several weeks, depending on the complexity of your application and the lender's requirements. Our efficient team works to expedite this process, keeping you informed at every step.
What documentation do I need to apply for a home loan?
When applying for a home loan, you typically need to provide proof of income (such as pay stubs or tax returns), bank statements, identification, and details of your debts. We’ll supply a comprehensive checklist to ensure you have everything you need.
Can I refinance my existing mortgage through your service?
Yes, we offer refinancing services to help you lower your monthly payments, access cash equity, or switch to a different loan term. Our team will evaluate your current mortgage and financial situation to determine the best refinancing options for you.
What are the current mortgage rates in Miami?
Mortgage rates fluctuate regularly based on market conditions. We provide you with the latest rates tailored to your financial profile, ensuring you receive competitive offers for your home loan.