Fix and flip loans are a great loan option to fund your next property renovation. Fix & Flip Loans start at $50,000 and can be used to buy the property and also pay the costs of renovation. Once complete, you can choose to sell the property right away or rent them out.
While renovating, you only have to come up with a minimal monthly payment.
The maximum loan period is typically 12 months, but you may be able to apply and get additional term extensions.
You can potentially borrow 90 percent of the purchase price and 90 percent of the rehab costs.
We do business in all states except Alaska, North Dakota, South Dakota, Utah, and Vermont.
This includes: single-family homes, townhouses, 2- to 4-units multi-family, or even a multi-family with more than 5 units.
Applying for an exposure limit requires a one-time approval. After that, you can easily submit properties, with little paperwork needed to close on your funds.
Delta Lending provides you with the tools you need to make the right borrowing decisions. These calculators may borrowers in determining different values in the loan process. Try to ensure the information you enter is as accurate as possible.
Together, we’ll find great mortgage solutions.
Schedule a talk with a loan advisor or leave a message. We’ll get back within one business day.