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Fix & Flip Loan Program

A “fix and flip” loan is a short-term bridge loan used to purchase property with the intent to sell it for a profit after the renovations are complete. A fix and flip loan is a great fit in the following situations:

  1. When you need to close fast (Our average time to close is 7 days!)
  2. When the property needs renovations.
  3. When you need high leverage (We offer up to 90% LTC)
  4. When the property is not yet stabilized, leased up, or generating any income.
  5. When you can’t provide verifiable income (no tax returns available).
  6. When you only want a short term loan with no prepayment penalty

At Amcap home loans, our fix and flip loans close very quickly… even in as little as 7 days! Our fix and flip loans require no personal income verification and very little documentation! Our Fix and Flip loans are a great way to start leveraging your existing capital and generate more income with the ability to close & flip more projects at once!

Loan Amounts: $200,000 – $10,000,000

Available Rates: 5.99% – 9.99%

Typical Terms: 1 months – 120 months

Points Charged: 1% – 3%

Max Loan-to-Value (LTV): 95%

Max Loan-to-Cost (LTC): 100%

Owner Occupied Allowed: YES

Interest Only Loans: YES

Prepayment Penalties: NO

Minimum FICO Score: 600

Time to Close: 5-7 Days