Fix & Flip Loans · My Mortgage Company
Fix & Flip Loans in Bakersfield, CA
Finance the purchase and the renovation in one loan. Loans are sized based on After-Repair Value — so you borrow against the home's potential, not its current distressed condition.
Program Advantages
Why Fix & Flip Financing Works
Purchase + Rehab in One Loan
Finance the acquisition and the renovation in a single loan. Funds are disbursed in draws as construction milestones are completed.
Based on After-Repair Value
Loan sizing is based on the property's ARV — what it will be worth after renovation — not just the current purchase price. This maximizes your borrowing power.
Preserve Your Capital
Instead of tying up all your cash in purchase and renovation, fix & flip loans let you leverage the deal and keep capital available for your next opportunity.
Repeat-Friendly
Experienced flippers often get better rates and higher leverage. Programs are built for volume — the more deals you close, the better your terms can become.
Program Details
Fix & Flip Loan Terms
Fix and flip loans are structured specifically for the acquisition and renovation of investment properties, with draw-based disbursement and ARV-based underwriting.
- Loan sizing: typically up to 90% of purchase price + 100% of renovation costs, not to exceed 70–75% of ARV
- Experience preferred but not always required for first-time flippers
- Minimum 620–660 credit score (varies by program)
- Renovation budget and scope of work required at origination
- Draw schedule disbursed as inspections confirm completed work
- Short term: 12–18 months (interest-only during construction)
- Exit: sale at market value after renovation
- Property must be non-owner-occupied (investment purpose)
Common Questions
Fix & Flip Loan FAQ
How does the draw schedule work on a fix and flip loan?
At closing, you receive funds for the purchase. Renovation funds are held in reserve and released in draws as work is completed. Before each draw, an inspector or lender representative verifies the completed work. Draws are typically released within 2–5 business days of an approved inspection. You only pay interest on funds that have been disbursed — not the full renovation budget — keeping your carrying costs lower during the build.
What is ARV and why does it matter?
ARV stands for After-Repair Value — the estimated market value of the property after all planned renovations are complete. Fix and flip lenders base their maximum loan amount on a percentage of ARV (typically 65–75%), not just the purchase price. This means if you are buying a distressed property at below-market value and adding significant value through renovation, you can access more capital than the purchase price alone would suggest.
Do I need experience to get a fix and flip loan?
Not always. Many programs accept first-time flippers, though they may require a slightly lower LTV, higher credit score, or a larger down payment compared to experienced investors. Having a detailed renovation plan, a licensed contractor, and a realistic ARV analysis will strengthen your application significantly. Working with an experienced broker (like Omar) also helps position your deal favorably.
What happens if the renovation takes longer than expected?
Fix and flip loans are short-term (12–18 months). If your project runs over timeline, most lenders offer extensions for a fee. It is important to build contingency time into your project schedule. If you are approaching the maturity date and the property is not sold or refinanced, communicate early with your lender — proactive communication almost always produces better outcomes than a last-minute scramble.
Found a Deal? Let's Fund It.
Omar will review your deal, run the ARV numbers, and connect you with the right fix & flip program for your project.
My Mortgage Company, Inc. · CA DRE #02168831 · NMLS #2269164 · Broker: Omar L. Ortiz, NMLS #951384, DRE #02056548. Fix and flip loans are Non-Qualified Mortgage (Non-QM) products and are not federally backed. These are short-term investment property loans — not suitable for owner-occupied primary residences. Loan amounts, rates, and draw schedules vary by program and project. Loans subject to credit and property approval. All figures, rates, fee ranges, and examples shown on this page are for informational purposes only and are not a guarantee of rates, fees, loan terms, or qualification. This is not a commitment to lend.