Securing the right financing can make a significant difference in the success of a fix and flip project. Beyond competitive rates, it’s worth comparing factors like loan terms, funding speed, qualification requirements, and the amount of financing available for both the purchase and renovation.
Whether you’re buying your first investment property or scaling an established flipping business, the lenders below each offer different advantages depending on your experience level and financing needs.
Here are my top six picks for fix and flip loans:
| Provider | Best for | Est. starting rate |
| Kiavi | Best overall for rates, leverage, and funding speed | 7.75% |
| Lima One Capital | Flexible financing strategies | 7.25% |
| RCN Capital | Experienced investors | 9.49% |
| Flip Funding | First-time investors | 9.5% |
| New Silver | Transparent online loan terms | 8.5% |
| CoreVest Finance | Larger or more complex projects | Contact lender |
My methodology
To identify the best fix and flip loans, I evaluated lenders based on the factors most likely to influence an investor’s financing decision. I compared each provider using information from its official website, including loan terms, financing limits, qualification requirements, funding timelines, property eligibility, and overall flexibility. I also considered the types of investors each lender is best suited for, whether that’s a first-time flipper, an experienced investor, or someone financing larger or more complex projects.
When comparing providers, I placed the greatest emphasis on the following:
- Loan costs: I reviewed published interest rates, origination fees, and other available pricing information to compare the overall cost of borrowing.
- Financing limits: I evaluated maximum loan amounts, LTC, LTV, ARV, and rehab financing to determine how much funding each lender makes available.
- Qualification requirements: I compared minimum credit score requirements, experience expectations, and other eligibility criteria that may affect approval.
- Loan terms: I considered repayment periods, financing flexibility, and whether lenders offered options that could support different investment strategies.
- Funding process: I reviewed application requirements, funding timelines, and draw procedures to assess how quickly borrowers may be able to access financing.
- Investor fit: Finally, I considered which types of borrowers each lender is best equipped to serve based on its loan programs, flexibility, and overall value proposition.
Why you can trust The Close
My recommendations are guided by The Close’s editorial methodology, which prioritizes accuracy, clarity, authority, objectivity, and accessibility. Every insight I provide aligns with these standards to ensure you get practical, trustworthy guidance you can rely on.
- Best fix and flip lenders at a glance
- Kiavi: Best overall for rates, leverage, and funding speed
- Lima One Capital: Best for flexible financing strategies
- RCN Capital: Best for experienced investors
- Flip Funding: First-time investors
- New Silver: Best for transparent loan terms
- CoreVest Finance: Best for larger or more complex projects
- How to choose the best fix and flip loan
- Types of fix and flip loans
- Frequently asked questions (FAQs)
Best fix and flip lenders at a glance
| Provider | Best for | Est. starting rate |
| Kiavi | Best overall for rates, leverage, and funding speed | 7.75% |
| Lima One Capital | Flexible financing strategies | 7.25% |
| RCN Capital | Experienced investors | 9.49% |
| Flip Funding | First-time investors | 9.5% |
| New Silver | Transparent online loan terms | 8.5% |
| CoreVest Finance | Larger or more complex projects | Contact lender |
Kiavi: Best overall for rates, leverage, and funding speed
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Why I like Kiavi
Kiavi is my top overall pick because it combines competitive rates with high financing limits and one of the fastest funding timelines in this guide. Qualified borrowers can finance up to 100% of both the purchase price and renovation costs, making it a strong option for investors who want to preserve cash for additional projects or unexpected expenses.
I also like that Kiavi has one of the more streamlined application processes among the lenders I reviewed. Eligible borrowers aren’t required to provide income verification or obtain a traditional third-party appraisal, which can help reduce delays before closing. While rehab funds are released through a draw process that requires inspections as work is completed, that’s a common structure with fix and flip financing and shouldn’t be a drawback for most experienced investors.
Visit KiaviLima One Capital: Best for flexible financing strategies
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Why I like Lime One Capital
Lima One Capital stands out for the variety of financing options it offers beyond a traditional fix and flip loan. In addition to funding renovation projects, it provides solutions for new construction, rental properties, portfolio financing, and investors who decide to keep a completed flip as a long-term rental. That flexibility makes it a strong choice if your investment strategy may change over the life of the project.
While Kiavi is my preferred option for investors focused on speed and a streamlined application process, Lima One is worth considering if you expect to finance multiple types of investment properties or want access to additional lending programs as your portfolio grows. Since rates, fees, and qualification requirements vary by loan program, it’s a good idea to speak with a loan specialist before choosing the financing option that best fits your project.
Visit Lima One CapitalRCN Capital: Best for experienced investors
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Why I like RCN Capital
RCN Capital adjusts its maximum financing based on the borrower’s experience and the extent of the renovation.
- No completed flips in the past three years: Up to 85% of the purchase price for light or moderate rehabs and 70% for heavy rehabs. Maximum ARV ranges from 60% to 70%.
- One to four completed flips in the past three years: Up to 90% of the purchase price for light or moderate rehabs and 80% for heavy rehabs. Maximum ARV ranges from 65% to 75%.
- Five or more completed flips in the past three years: Up to 95% of the purchase price for light rehabs, 92.5% for moderate rehabs, and 85% for heavy rehabs. Maximum ARV ranges from 70% to 75%.
- Ten or more completed flips in the past three years: Up to 100% of the purchase price for qualifying light and moderate rehabs, plus 100% of renovation costs, not to exceed 75% of ARV. The 100% purchase financing option requires at least five in-state flips, 10 total flips, a credit score of 720 or higher, and a loan of no more than $800,000 or $1 million in California.
RCN Capital is my recommendation for experienced fix and flip investors because its financing limits improve as borrowers complete more projects. Investors with a strong track record may qualify for more of the purchase price, allowing them to contribute less cash upfront while still receiving financing for eligible renovation costs.
It also charges interest only on the outstanding balance rather than the rehab holdback. This means borrowers do not pay interest on renovation funds before those funds are released and used.
Visit RCN CapitalFlip Funding: First-time investors
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Why I like Flip Funding
Unlike many lenders that primarily target experienced investors, Flip Funding openly works with first-time fix and flip borrowers. That makes it a strong option if you’re purchasing your first investment property and want a lender that regularly finances newer investors. It also offers competitive financing limits, with eligible borrowers able to finance up to 90% of the purchase price and 100% of renovation costs.
Another feature I like is that Flip Funding considers borrowers and projects that some competitors may not. In addition to financing rural properties, it also works with foreign national investors, giving it broader eligibility than several lenders in this guide.
Visit Flip FundingNew Silver: Best for transparent loan terms
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Why I like New Silver
One of the things I like most about New Silver is its pricing transparency. Rather than requiring investors to speak with a loan officer to learn basic financing details, the lender clearly outlines its interest rates, origination fees, financing limits, and borrower qualifications on its website. That makes it easier to compare financing options before deciding which lenders are worth contacting.
New Silver is also a strong option for investors seeking higher leverage, offering up to 95% LTC and financing for 100% of eligible construction costs. While it isn’t available for rural properties and requires an interior appraisal before closing, it remains one of the more straightforward lenders to evaluate if you want clear expectations before starting the application process.
Visit New SilverCoreVest Finance: Best for larger or more complex projects
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Why I like CoreVest Finance
CoreVest Finance is a good fit for investors financing larger fix and flip projects or properties that fall outside a typical single-family renovation. In addition to one- to four-unit homes, the lender finances condominiums, townhomes, and multifamily properties, giving experienced investors more flexibility as they expand into different types of residential real estate.
Unlike several lenders in this guide, CoreVest doesn’t publicly disclose its starting rates or borrower requirements, so you’ll need to contact the company for a personalized quote. While that makes it more difficult to compare upfront, investors with larger financing needs or more complex projects may find its broader lending capabilities worth the additional step.
Visit CoreVestHow to choose the best fix and flip loan
The best fix and flip loan should support both your current project and your long-term investment goals. Before choosing a lender, compare the following factors to determine which financing option best fits your needs.
- Compare financing limits: Review how much of the purchase price and renovation costs each lender is willing to finance. You’ll also want to understand the maximum loan amount, LTC, LTV, and ARV limits to estimate how much cash you’ll need to bring to closing.
- Consider your experience level: Some lenders specialize in working with first-time investors, while others offer lower rates or higher financing limits to borrowers with an established history of completing fix and flip projects.
- Review the funding timeline: If you’re purchasing a property in a competitive market, closing speed can be just as important as interest rates. Compare each lender’s estimated funding timeline and documentation requirements before applying.
- Understand the draw process: Most fix and flip loans release renovation funds in stages as work is completed. Review each lender’s inspection requirements, draw schedule, and reimbursement process so you know what to expect during construction.
- Compare the total cost of borrowing: Interest rates are only one part of the overall cost. Be sure to evaluate origination fees, appraisal or inspection costs, extension fees, and any other charges that could affect the total cost of financing.
Types of fix and flip loans
The lenders in this guide all offer hard money loans designed for fix and flip projects. While hard money financing is one of the most common ways to fund a house flip, it isn’t the only option available. Depending on your experience level, credit profile, and investment strategy, another type of financing may be a better fit. Understanding the differences can help you choose the loan that best aligns with your project and financial goals:
| 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. |
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.