Fix & Flip Loans

Designed With You In Mind
What states do you currently lend in?

We currently lend in Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Ohio, Oklahoma, Tennessee, Texas, North Carolina, South Carolina, Virginia.

What properties do you lend on for Fix and Flip loans?
  • Single Family
  • 2-4 Units
What are your rates?

Will you finance repair costs?

Yes. We will hold the repair amount in escrow and release the money in escrow draws as the repairs are completed.

What is the minimum credit score required to get a Fix and Flip loan?

In Texas, we have a Fix and Flip loan that has no minimum credit score.  In other states, we require a minimum FICO score of 600.

Will you finance a house I want to live in?

No, we only provide loans for non owner-occupied properties.

Do you lend to companies?

Yes, we solely lend to company entities, among them LLCs and corporations.

How do you handle funds for property repairs?

At closing, the repair funds for a property will be held in escrow for release in draws.

We do require that the borrower have 25% of the repair costs in liquid assets, so that the repairs can begin.

The borrower will submit an escrow draw request, and within 24 hours, one of our loan servicing specialists will review the request. The funding is usually released within 48 hours after the request, as long as adequate documentation has been provided. 

What are the minimum and maximum loan amounts you provide for Fix and Flips?

Our loan amounts have no minimum and can go up to $1MM (with exceptions).

Investor Loan Source is a private money lender offering short-term purchase loans to real estate investors for investment properties. Locating Fix and Flip lenders that understand your market is very important. Get a private money loan for an investment property purchase, rehab or new construction in your area.

Fix and Flip Loans
Competitive Rates

Investor Loan Source Fix and Flip loans can provide the cash you need to grow your real estate investment property portfolio:

  • Closings in as little as 5 business days after appraisal
  • No hurdles- flexible loan options designed to meet your strategic needs

Advantages of our Fix and Flip Loans 

  • Up to 100% of property purchase amount in Texas (90% in other states)
  • 100% financing on rehab costs
  • Up to 70% ARV

NEW! One Time Close Fix to Rent Loan

You asked for it...and we listened. Investor Loan Source is excited to announce a new loan product we will now offer nationwide. Our exclusive One Time Fix & Rent loan is like getting two loans for the price of one. It begins as a short-term loan, then converts to a long-term loan after 12 months. Here are the details:

  • Months 1-12: Short Term Rate
  • Months 12+: Converts to a 20 or 30 year ARM or a 20 year fixed rate at a competitive rate based on the long-term loan you qualify for
  • One time processing fee of 5%
  • A TRUE one time close
  • Savings of approximately $1,500-2,500

Ready to get started with a fix and flip lender that knows your market?

Speak to an expert today by calling 409-735-6267 or Apply Now!

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