Move Fast on the Next Flip

A fix and flip loan, often called hard money, is short-term financing built for an investor buying a property to renovate and resell quickly, rather than hold onto long-term. Instead of underwriting your income and credit the way a conventional loan does, the lender leans heavily on the deal itself: the purchase price, the renovation budget, and the property's expected value once the work is done.

These loans close faster than traditional financing and typically run anywhere from several months to a couple of years, matched to a realistic renovation and resale timeline. Rates and fees run higher than a standard mortgage, reflecting the shorter term and the added risk, and down payments or cash into the deal are usually required.

This is a tool for a specific job: an investor with a clear renovation and exit plan, not a long-term buy-and-hold strategy. For that investor, speed and flexibility on the underwriting side often matter more than getting the lowest possible rate.