Fix & Flip Loans

You’ve found a property with upside. The numbers work. Now you need a lender who can move fast enough to win the deal and fund both the purchase and the renovation.

Submit Your Deal

Get Your Term Sheet

Tell us about the deal — purchase price, rehab budget, and target ARV. You'll get real terms back fast, not a runaround. Funding in as little as 7 days.

What Is a Fix & Flip Loan?

Short-term financing — typically 6 to 18 months — designed for investors who buy properties, renovate them, and sell for a profit. Interest-only during the term, keeping carrying costs low while you work.

Qualification is based primarily on the deal, not your personal income. We look at purchase price, rehab budget, and After Repair Value (ARV). If the deal makes financial sense, we can fund it.

Who Is a Fix & Flip Loan Right For?

Experienced Flippers

Reliable funding for experienced house flippers. We look at track record and reward repeat investors with better terms.

First-Time Flippers

Solid plan and adequate capital? We’ve funded many first-time flippers. A strong deal with a realistic budget gets approved.

BRRRR Strategy Investors

Short-term financing before converting to a long-term DSCR loan. Buy, rehab, rent, refinance, repeat.

How Fix & Flip Loans Work at AFC

Submit Your Deal. Send us the address, purchase price, rehab budget, and ARV. Preliminary terms often the same day.

Term Sheet & Application. Review your preliminary terms, sign the term sheet, and complete a short application to lock the deal in.

Underwriting & ARV Appraisal. Credit, liquidity, and deal review, plus an as-completed appraisal to confirm the after-repair value.

Close Fast. As few as 7–14 days. Purchase funds disbursed at closing; renovation funds held in a draw account.

Renovate & Draw. As each phase of work completes, request a draw—we inspect and release the funds so your project keeps moving.

Exit. Sell the finished property for your profit, or refinance into a DSCR loan and keep it as a long-term rental.

What You’ll Need to Submit Your Deal

The more of this you have ready, the faster we can issue terms. Don’t have everything yet? Submit anyway—we’ll help you fill in the gaps.

Borrower Documents

Entity Docs (LLC + EIN)

Your LLC operating agreement, articles, and EIN. We lend to entities, not individuals.

Proof of Funds & Reserves

Bank statements showing your down payment plus reserves for carrying costs.

Experience / Track Record

A short list of past flips or projects. New investors are welcome—terms just adjust.

ID & Credit Authorization

A government-issued ID and your authorization to pull credit for the guarantors.

What We Need on the Property

Property Under Contract

A purchase contract or signed offer showing the address, price, and key dates.

Scope of Work & Rehab Budget

A line-item renovation plan with your total rehab budget so we can size the loan.

ARV Comps

Recent comparable sales that support your after-repair value (ARV) estimate.

Contractor Bids

Written estimates from your contractor for the planned renovation work.

Key Benefits of Fix & Flip at AFC

Speed That Wins Deals

Close in 7–14 days. The investor who closes fastest gets the deal.

Finance Purchase + Renovation

Up to 80% of purchase price and 100% of rehab budget based on ARV. Don't drain your cash reserves.

Have a Deal? Get Your Term Sheet.

Send us the deal. We’ll give you terms — often the same day.

Submit Your Deal

Frequently Asked Questions

What is After Repair Value (ARV) and how is it used?

ARV is the estimated market value of a property after all planned renovations are complete. Fix & flip lenders base their loan amounts on ARV rather than the purchase price — typically lending up to 65–70% of ARV. AFC orders an as-is and after-repair appraisal to establish your ARV before closing.

Can first-time flippers get approved?

Yes. AFC works with first-time flippers. While experience helps, a strong deal, solid credit, and sufficient reserves can offset limited track record. AFC may require a larger down payment or co-sponsor on your first deal, and will guide you through the underwriting process step by step.

How does the renovation draw process work?

Renovation funds are held in escrow and released in draws as work is completed and inspected. You submit a draw request, an inspector verifies completion of that phase, and funds are released to your contractor. AFC coordinates the draw schedule to keep your project on timeline.

What credit score do I need for a fix and flip loan?

Most fix & flip programs require a 620–660+ credit score. Some lenders go lower with sufficient equity and experience. AFC works with multiple hard money and bridge lenders and will match you to the program that fits your credit profile and deal structure.

What is the typical loan term for a fix and flip loan?

Fix & flip loans are short-term bridge loans, typically 6–18 months. They are designed to cover the purchase and renovation period, after which you sell the property and repay the loan. AFC can extend terms for larger projects and will discuss exit strategy at the time of approval.

How quickly can AFC fund a fix and flip loan?

AFC can typically close fix & flip loans in 7–14 business days. For time-sensitive acquisitions, we can move faster with a complete file. Speed is one of AFC’s core advantages — we process these loans in-house and can commit quickly so you do not lose a deal to a slower lender.

What happens if my renovation goes over budget?

Cost overruns happen. AFC builds a contingency reserve into the construction budget (typically 10–15%) to cover unexpected costs. If overruns exceed the reserve, options include a scope reduction, a supplemental draw from your own funds, or a budget amendment reviewed by AFC. Communication early is key.

Can I refinance a fix and flip into a long-term rental loan?

Yes. This is the BRRRR strategy — Buy, Rehab, Rent, Refinance, Repeat. After renovating and stabilizing the property with a tenant, AFC can refinance you out of the fix & flip loan into a 30-year DSCR loan based on the property's rental income. AFC handles both legs of the transaction.

Credit Score

620–660+ depending on lender. Some programs go lower with strong equity and flipping experience.

Loan-to-ARV

Up to 65–70% of After Repair Value. AFC funds both the purchase and renovation budget within this limit.

Down Payment

Typically 10–30% of the purchase price depending on deal, credit, and experience level.

Loan Term

6–18 months. Interest-only payments during the renovation period. Extensions available for larger projects.

Property Types

Single-family, 2–4 units, condos, and small mixed-use. No owner-occupancy required.

Reserves & Experience

Liquid reserves covering 3–6 months of payments. Track record helps but first-time flippers are welcome.