A bank mortgage takes 30 to 45 days. A fix & flip loan with us closes in three to five. Same house, same title company, same wire. So what’s different?
It’s a business loan, not a consumer mortgage
Consumer mortgages come with federal review windows built in — disclosures go out, clocks start, and nobody can close until they run. Those rules exist to protect homeowners, and they do. But a fix & flip is a business-purpose loan on a property you’re not going to live in. The waiting periods don’t apply.
We underwrite the deal, not your W-2
A bank wants two years of tax returns, pay stubs, and a debt-to-income ratio that fits in a box. We want three things:
- The purchase price and the after-repair value
- Your rehab budget and scope of work
- Your exit — sell, or refinance into a rental loan
If the numbers work, the loan works. No experience required.
No appraisal on most deals
An appraisal is the single slowest step in a conventional loan — ordering it, scheduling it, waiting on the report. On most flips we skip it and use a desktop valuation plus your scope of work. That alone saves a week.
What you need to bring
- Executed contract
- Scope of work with a budget (we’ll give you our template)
- Entity docs if you’re closing in an LLC
- Proof of funds for your down payment and closing costs
Text us the address and the contract. We’ll tell you the same day whether it’s a deal.
