When you need to finance a house flip, you need a loan that offers a repayment term that fits your project timeline, can close quickly, and, of course, doesn’t have unrealistic eligibility requirements. Although the best fix and flip loans will vary based on the specifics of your business, I’ve picked out six with high LTC (loan-to-cost) ratios, flexible terms, and fitting for investors of all backgrounds and experience levels.
- Kiavi: Best for quick and easy funding
- Lima One Capital: Most versatile fix and flip loan
- RCN Capital: Best for experienced investors
- Flip Funding: Best for new investors and home flippers
- New Silver: Best for quick funding through AI
- CoreVest Finance: Best for high-volume investors
Overview of the best fix and flip loans
 | $100,000 - $3 million | Starting at 7.75% | 12, 18, or 24 months | 680 |
 | $75,000 - $3 million | Starting at 8.45% | 3, 19, and 24 months | 600 |
 | $50,000 - $3 million | Starting at 9.64% | 12-18 months | 660 |
 | $150,000 - $3 million | Starting at 9.99% | 12-24 months | 620 |
 | $100,000 - $5 million | 9.5-11.25% | Up to 18 months | 650 |
 | $75,000 - $2 million | Starting at 7.99% | 6-24 month terms | 620 |
Kiavi: Best for quick & easy funding
|
|
|---|---|
|
|
|
|
The Kiavi fix and flip loan is one of the most popular lending options because of its fast financing, competitive interest rates, and user-friendly application process. Unlike most types of fix and flip loans, it has no application fee, doesn’t require an appraisal, and doesn’t require income verification. This also allows it to close in as little as seven days.
However, Kiavi has the highest credit score requirement of 680, and uses a “draw” process that requires an inspection to release funds periodically. As long as you understand how this works, it could be a great financing option, with one of the lowest starting interest rates and highest LTC ratios.
Lima One Capital: Most versatile fix and flip loan
|
|
|---|---|
|
|
|
|
Lima One Capital offers one of the best fix and flip loans for investors who want options and flexibility. Its “FixNFlip” loan program is highly competitive on its own, with lower interest rates than many other options, multiple repayment terms, and up to 92.5% LTC.
However, what really sets Lima One Capital apart is the flexibility and alternative loan options. It offers fix and flip financing for different types of flips (quick flip, middle of the fairway, and heavy rehab) and even allows you to switch financing programs if your goals change. For example, if you decide to rent your property instead of selling, you can switch to a “Fix2Rent” program and even get a discount on your origination fees. Ultimately, Lima One Capital is the most versatile loan program for home flippers.
RCN Capital: Best for experienced investors
|
|
|---|---|
|
|
|
|
RCN Capital is a private lender that offers a variety of loan programs for real estate investors. It offers a simple application process, funding in just a few weeks, and competitive interest rates. Also, it is the only provider on this list that only charges interest on your outstanding balance and has no prepayment penalty, allowing you to minimize expenses even further.
However, the rates for RCN Capital’s hard money loans are different depending on your experience level:
- New investor (Up to two flips within the last three years): covers up to 80% of purchase price, up to 100% of renovation costs, up to 70% of ARV, and interest rates starting at 10.64%
- Intermediate investor (Between three and five flips in the last three years): Covers up to 85% of purchase price, up to 100% of renovation costs, up to 75% of ARV, and interest rates starting at 10.14%
- Experienced investor (Over ten flips in the last three years): Covers up to 92.5% of purchase price, up to 100% of renovation costs, up to 75% of ARV, and interest rates starting at 9.64%
Flip Funding: Best for new investors & home flippers
|
|
|---|---|
|
|
| ul> |
|
The fix and flip loan from Flip Funding has no experience requirements, which makes it ideal for investors who are just getting started. It also offers lending to foreign nationals and includes no-doc and low-doc loan options for flippers who may not have typical income documentation. However, Flip Funding is not a direct lender, which means that the specifics of your loan terms will depend on the provider you are matched with.
New Silver: Best for quick funding through AI
|
|
|---|---|
|
|
|
|
Another excellent choice for your next house flip loan is New Silver, which offers loans between $100,000 and $5 million that can be closed in as little as five days. It uses technology and AI to streamline the underwriting process and speed up your funding. New Silver also offers calculators to help you determine the cost of a hard money loan and how much it costs to flip a house.
New Silver’s loans are available to investors of all experience levels, but experienced investors can benefit from its Advantage Program. When you close three or more loans with New Silver, you’ll receive discounts on your interest rates, origination fees, a free appraisal, and even more benefits.
CoreVest Finance: Best for high-volume investors
|
|
|---|---|
|
|
|
|
CoreVest is a lender that specializes in large-scale residential real estate portfolios, including multifamily properties, rentals, and new construction. Its fix and flip loan offers the lowest starting interest rate on our list and competitive terms. However, high-volume investors will benefit the most from the customized loan solutions at CoreVest.
How to choose the best fix and flip loans
It can be overwhelming and confusing to look through so many different types of fix and flip loans. In order to choose the right kind of loan for your project, you should consider a variety of factors about your business and your loan options.
Here are some of the most important considerations:
- Interest rates and fees: One loan may offer a lower interest rate, but charge more in origination fees and closing costs. Make sure you know all of the fees involved and compare them with your other options.
- Loan terms and repayment: Fix and flip loans usually have a short repayment period, with all of our choices ranging between 6 and 24 months. Make sure the repayment period aligns with your project timeline and allows time for the house to sell.
- Loan to value and loan to cost ratios: Fix and flip loans usually cover the purchase price and renovation costs separately, so make sure you know what your out-of-pocket costs will be.
- Time to funding: When you find a house to flip, you need to be able to close quickly to have a competitive offer.
- Loan requirements: Fix and flip loans typically have different requirements than mortgages. Many lenders have a minimum credit score and experience requirements.
- Reputation and reviews: Hard money loans are generally higher risk, since the interest rates are higher and the repayment term is much smaller than typical mortgages. Make sure you choose a lender that has helped other investors successfully complete their projects.
Types of fix and flip loans
Although our choices for the best fix and flip loans are all hard money loans, there are many different financing options to flip a house. In fact, since many lenders have strict requirements about investors’ experience level and credit score, you may not be able to qualify for many fix and flip loans. But that doesn’t mean that you can’t find financing!
Here are a few other types of financing options for fix and flip projects:
| Hard money loans | Hard money loans are the most common type of financing for fix and flip projects. These offer short repayment terms from 6-24 months and higher interest rates. However, financing can be closed in just days to weeks, and the credit score requirements are sometimes lower. Check our roundup of the best hard money lenders for options. |
| Private money loans | A private money loan is between a flipper and someone who has personally agreed to offer them a loan. The rates and terms depend completely on the agreement between the two parties. |
| Home equity loan or line of credit (HELOC) | This is a loan based on the equity you have in your primary home. The interest rates are closely tied to mortgage rates, which are typically lower than hard money loans. Plus, the repayment term can be up to 30 years. |
| Bridge loans | A bridge loan is designed to cover the gap between buying and selling a new home, and can have terms as little as a few weeks to a few months. Lenders who offer fix and flip loans typically also offer bridge loans. |
| Fix and flip lines of credit | Instead of a loan based on one project, a line of credit can typically be used for all expenses on multiple projects. |
| Construction loans | Construction loans are typically given when a project is being built from the ground up. There are many different types of construction loans, but they typically cover the purchase price and building costs. |
| Cash out refinance loans | This loan is for current homeowners or investors who want to leverage the equity to pay for flips. Interest rates are typically lower than hard money loans, but it uses your existing properties as collateral. |
Methodology: How I evaluated the best fix and flip loans
Our methodology at The Close is to provide readers with the most accurate information to help them make the right business decisions. Our team of professionals, researchers, writers, real estate agents, and experts have done detailed research to evaluate the best fix and flip loans for new to experienced house flippers. Our criteria include:
- Interest Rates and Fees: We looked for fix and flip programs that offered competitive interest rates and fees. All of our selections offered rates between 7.75 – 11.25% as of March 2025, just above the national average mortgage rates.
- Loan Terms: We looked for loan options with a range of repayment terms.
- Max Loan Amounts: The fix and flip financing options we chose offer financing for a variety of projects, from under $100,000 to $5 million.
- Credit Score & Eligibility Requirements: We evaluated programs that had reasonable requirements, including credit scores and experience levels.
- Rehabilitation Financing: Almost all of our fix and flip loan choices cover up to 100% of renovation costs.
- Loan-to-Cost (LTC) and Loan-to-After Repair Value (LTARV) Ratios: We selected loan programs that minimize up front and out-of-pocket costs for investors, with 90-95% LTC ratios.
Frequently asked questions (FAQs)
What kind of loan is best for flipping houses?
The most common type of loan used for flipping houses is a hard money loan designed for fix and flips. These loans offer fast funding and short-term repayment options. However, the best choice will depend on your business, financing needs, and qualifications.
How to qualify for a fix and flip loan?
Each fix and flip loan program has different requirements, like a minimum credit score or flipping experience. In order to maximize your chances of qualifying, work on increasing your credit score and saving enough cash reserves to cover loan payments, fees, and out-of-pocket renovation costs.
Is a fix and flip loan a hard money loan?
Most fix and flip loans are hard money loans, but not all of them. Fix and flip loans can also be in the form of a line of credit, a bridge loan, or a private money loan.
Add comment