Fix and Flip Loan Rates and Costs
Every loan is priced for its own deal. Here is what moves the price and what to budget for.
Get a QuoteWhy we do not publish a single rate
Fix and flip loans are priced file by file. Two investors buying on the same street can get different terms because the deal, the down payment and the experience behind each project are different. Instead of advertising a teaser rate, we quote your actual deal — call (727) 642-1166 or send it through our application.
What sets the price of a fix and flip loan
- Your experience — completed flips improve your terms; three flips can open 100% financing
- Your down payment — new investors start with 20% down plus closing costs
- The deal — the purchase price, the rehab budget and the after-repair value
- The loan size — the minimum loan is $100,000 and the total loan is capped at 75% of the after-repair value
- The property — its condition, its location and the plan for it
Costs to budget for
- Interest on the loan for every month you hold the property
- Origination points, quoted for your file
- Closing costs; title fees are additional to the loan
- Property taxes and insurance — we recommend setting aside about 1% of the purchase price for each
- Utilities and upkeep while the renovation is under way
Estimate the full picture with our fix and flip loan calculator. Every estimate is subject to final underwriting.
How to lower the cost of your loan
Buy right: the more room there is between the project cost and 75% of the after-repair value, the stronger the file. Keep the renovation on schedule, because every extra month adds interest, taxes and insurance. And build your track record — after three completed flips your terms improve and financing can reach 100%.
What you will not pay for
No outside appraisal — the property is valued in-house. No employment verification, so no time spent gathering tax returns or W-2s. And no long bank timeline: closings typically take 8–15 days.
How to get your loan
Frequently Asked Questions
What is the interest rate on a fix and flip loan?
It depends on your experience, the deal, your down payment and the loan size. Call (727) 642-1166 or apply online for a quote on your deal.
How many points do you charge?
Points are quoted for each file. Ask for a quote on your deal and you will see every cost before you commit.
Are there fees on top of the loan?
Yes — closing costs, and title fees are additional to the loan.
How much should I set aside for taxes and insurance?
We recommend about 1% of the purchase price for property taxes and 1% for insurance.
Is there an appraisal fee?
There is no outside appraisal — the property is valued in-house.
Can I lower my rate?
Experience helps: after three completed flips your terms improve. A strong deal with room under 75% of the ARV also helps.
Is the quote final?
Every estimate is subject to final underwriting.
How fast can I close once I accept the quote?
Typically in 8–15 days once the file is approved.
Get a quote for your deal.
Get a QuoteCommercial Loans Florida, Inc. · 1155 South Pasadena S, Suite H, South Pasadena, FL 33707 · Call (727) 642-1166 · Monday–Friday, 9:00 AM–5:00 PM EST · NMLS 1283562. All loans are subject to final underwriting; title fees are additional.