Fix & Flip Loans from 8.875%

Why Flippers Choose Ledger

One Loan, Full Project

Acquisition and rehab in a single closing. We fund the purchase and hold the renovation budget in escrow for draws as work is completed.

Fast Draw Process

Submit draw requests through our asset management portal. Quick inspections and fast fund releases keep your project on schedule.

No Prepayment Penalty

Sell when the project is done and keep your profit. No penalty for paying off early, no minimum hold period, no exit fees.

Close in as Fast as 2 Weeks

Speed wins deals. We move fast on clear files so you can lock up properties before the competition.

Repeat Borrower Programs

Volume operators get streamlined underwriting, improved terms, and faster closings. The more you do, the better it gets.

Get Your Custom Rate

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Pricing

How Fix & Flip Rates Work

Your rate depends on four factors. Experienced flippers with strong credit and lower leverage get the best pricing.

Base Rate

8.875%

Experience Level

Borrowers with 5+ completed projects receive better pricing. First-time flippers are welcome but start at a higher tier.

Credit Score

Minimum 680 FICO. Scores above 720 qualify for lower rates. Higher credit signals lower risk to the lender.

Leverage

Lower loan-to-cost and loan-to-ARV ratios earn better rates. More skin in the game means better pricing.

Rehab Scope

Light cosmetic rehabs price better than heavy gut renovations. Smaller rehab budgets relative to purchase price reduce risk.

Experienced Flipper

720+ FICO
5+ deals
85% LTC

9.750%

Mid-Range

700 FICO
2-4 deals
90% LTC

10.250%

First-Time Flip

680 FICO
0 deals
90% LTC

10.750%

Try the calculator for your exact rate →

Eligibility

What You Need to Qualify

Fix and flip loans, house flipping loans, and rehab financing share the same basic requirements.

Eligible

680+ credit score
Single-family residences
Townhomes and condos
2-4 unit residential
Purchase price up to $5M
Clear exit strategy (sell or refi)
First-time flippers welcome

Not Eligible

Owner-occupied properties
Commercial properties
Land-only (no structure)
Mobile or manufactured homes
Credit score below 680
No exit strategy or plan

Pricing Tool

Estimate Your Rate in 60 Seconds

Use our free calculator to see your estimated rate, loan amount, and costs — no login required.

Light Rehab

$200K purchase · $50K budget
720 FICO · 5 deals

Rate: 9.750% · Loan: ~$220K

Heavy Rehab

$300K purchase · $200K budget
740 FICO · 10+ deals

Rate: 10.250% · Loan: ~$405K

Small Flip

$150K purchase · $40K budget
700 FICO · 3 deals

Rate: 10.250% · Loan: ~$165K

Try the Calculator →

Or skip straight to a custom quote — get your rate

Common Questions

Frequently Asked Questions

Fix and flip loans offer up to 90% of the purchase price, up to 95% of loan-to-cost (LTC) including rehab, and up to 75% of the loan-to-after-repair-value (LTARV). The actual leverage depends on borrower experience, credit, and deal quality.

No prior experience is required for fix and flip loans. We welcome both first-time flippers and seasoned operators. New investors may have slightly different leverage or rate tiers, but there is no minimum project count required.

Rehab funds are held in escrow and released in draws as work is completed. You submit a draw request through our asset management portal, we schedule a quick inspection, and funds are released — typically within a few business days. The process is designed to be fast and predictable so your project stays on schedule.

We can close fix and flip loans in as fast as two weeks for well-prepared borrowers with clean titles and appraisals in hand. Typical closings take 2-3 weeks depending on title, appraisal, and insurance timelines.

The minimum credit score for fix and flip programs is 680. We underwrite the deal holistically, so a strong project with a clear exit strategy can offset other factors.

Yes, limited recourse options are available on fix and flip loans for qualifying borrowers. Standard carve-outs apply. Contact our team to discuss limited recourse structuring for your specific project.

Fix and flip loans are available for single-family residences, townhomes, condos, and 2-4 unit residential properties. The property must be non-owner-occupied and intended for renovation and resale or stabilization as a rental.

Yes — a fix and flip loan is the first step in the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). Fund the acquisition and renovation, stabilize the property as a rental, then refinance into a long-term DSCR rental loan. We offer both products, making the transition seamless.

Rates depend on borrower experience, credit score, leverage, and project scope. Experienced flippers with strong credit and lower leverage typically receive the best pricing. Try our construction loan calculator to estimate your rate.