What type of loan is best for flipping a house? | Valor Lending Group

The popularity of fix and flip loans in California has skyrocketed.

You may be asking yourself, what type of loan is best for flipping a house?

Fix and flip loans, also known as rehab loans or renovation loans, allow a real estate investor to borrow a short-term loan to purchase and “fix up” to sell for a quick profit. These loans allow you to take out only one loan for multiple purposes which makes the process of obtaining the funds a lot less stressful.

Valor Lending Group can help you with all of your purchase and renovation needs.

We work with the very best to help you achieve your goals.

Let us help you get started TODAY! 

We also have the best construction loan options HERE

What type of loan is best for flipping a house?

The best type of loan for flipping a house is a hard money loan. Hard money loans are a short-term financing option that allows borrowers to acquire a loan to assist in the purchase and renovation of property. These loans utilize a short term limit, usually 12 to 24 months depending on the extent of the renovation. They are quick and flexible, providing same-as-cash purchasing power. A fix and flip loan is also the most viable option for financing renovations or other value add projects.

What is a Fix and Flip Loan? 

A Fix and Flip loan is a hard money loan used to purchase and renovate a property, and then sell it at a higher value. If you are an experienced flipper, you will typically receive better terms than a first time or new flipper. for instance, an experienced investor may be provide a 90% of purchase and 100% of renovation terms. Wile a new or first time investor could be reduced to 80% or 85% of the purchase price.

No need to worry however! We have seen a resurgence in fix and flip lending and are pleased to announce we are funding in 42 states again, and multiple lenders are doing up to 90/100 (90% of purchase and 100% of rehab) with rates starting in the 9’s.

These loans do not require tax returns, income/employment, or debt-to-income ratio calculations.

Fix and Flip | Rehab Loans California:

• 90/100 (Purchase/Rehab)
• Terms of up to 24 months
• No Prepayment Penalty
• Interest Only starting in the 9’s

Needs for Quote:

1. Property Address:
2. Purchase Price (for Purchase):
3. “As is” Value:
4. After Repair Value
5. Current Balance (for Refinance):
6. Rehab Budget & Detailed Cost Breakdown
7. Project Experience as a Sponsor
8. Approx. Credit Score:
9. Vesting in and Entity or Individual name:

Other Programs Available:

• Commercial Loans
• Hard Money Loans
• Save your Deal | We Save Deals

Valor Lending Group can fund your fast-hard money loan up to $10M in as little as 7 days often without an appraisal.

Please feel free to contact me if you have any questions and would like to chat about the possibility of working together!

Recap of our Loan Products:

1. Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
4. Valor VA Home Loan 100% financing up to $1.5MM
5. Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
6. Flipper & Rehab Loans (Flip a property with one of our many options)
7. 2nd Position Loans up to $5mm
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom homes and commercial ground up.
10. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
11. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
12. Acreage Properties
13. Commercial Loans up to $500mm
14. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
15. Foreign Nationals Loans (no social security or residency required)

We also offer:

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans
2. High Balance Conforming aka Super Conforming
3. Jumbo’s to $10 Million / 10% down Jumbo to $1.5mm
4. FHA, USDA
5. ARM’s
6. Reverse mortgages up to $1 Million Value
7. Refinance including Cash Out

**Rates and terms subject to change without notice**

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