Texas Fix and Flip Loans

Fix and flip financing for real estate investors in Texas

We help Texas real estate investors purchase, rehab and flip real estate properties. Our network of Texas private money lenders offer competitive rates on hard money loans.

  • Interest only loans
  • Rates start at 9.25%
  • Up to 75% ARV
  • Up to 90% LTC
  • 12, 18 and 24 month terms

Benefits of working with us:

  • Fast closings
  • No unnecessary paperwork
  • No personal income verification
  • No personal tax returns
  • No hard pull on credit score
  • Minimum credit score 660

Fix and Flip Loan Terms

Here are the loan terms for a house flipping loan in Texas.

Fix & Flip Loan Terms

  • Interest rates start at 9.25%
  • Minimum loan amount: $75k
  • Maximum loan amount: $2.5m
  • Up to 90% of purchase price
  • Up to 75% after-repair value
  • Up to 100% of rehab costs
  • 12, 18 and 24 month terms
  • Interest only payments

Min. Documentation

  • TX Driver’s License or State ID
  • TX Certificate of Formation
  • LLC Operating Agreement
  • TX Certificate of Fact
  • EIN Number
  • Voided Check

Texas Fix and Flip Loan Requirements

These are our minimum loan requirements to purchase, rehab and flip a property in Texas.

Minimum Credit Score: 660

The minimum credit score for a fix and flip loan is 660. A hard money lender will start by running a soft pull on your credit report. Higher credit scores usually translate to lower interest rates.

Min. Loan Amount: $100k

The minimum investment property loan amount is $100,000.

Minimum Documentation

  • Texas Driver’s License or State ID
  • Texas Certificate of Formation
  • LLC Operating Agreement
  • EIN Number
  • Texas Certificate of Fact

Rehab Costs

While rehab costs are financed up to 100%, you still need cash on hand. This is because lenders won’t release the funds until the work is completed. Rehab draws can be requested in multiple draws or a single draw.

Ability to Repay the Loan

Ability to repay the loan will be based on the borrowed loan amount, after-repair value, rehab costs and the Texas real estate market. If the after-repair value (ARV) is more than the purchase price, construction costs and monthly interest payments, then the lender will typically approve the loan.

Minimum Down Payment

Fix and flip loans generally require a minimum 10% down payment on the purchase price of the property.

FAQ for House Flipping Loans in Texas

Is an appraisal required for a fix and flip?

No, in most cases an appraisal is not required. Since most fixer uppers are damaged in some kind of way, an appraisal isn’t necessary for a hard money loan in Texas. However, a home inspection will be required to confirm the condition of the property.

How do I get a distressed loan?

If you have a credit score of at least 660 and want to purchase a distressed investment property in Texas, contact us or call (512) 399-4476.

How do fix and flip loans work?

Fix and flip loans use the after-repair value ratio (ARV) to calculate the maximum loan amount. The lender will predict the market pricing of a real estate property after repairs have been completed. Depending on interest rates, down payment and other lender factors, expect the maximum LTV to be 75%.

For example, let’s say you want to finance a $100,000 fix and flip property. The lender estimates it’ll be worth $200,000 after repairs. This means the maximum a private lender will lend you is $150,000.

The additional $50,000 will come in the form of construction draws. Since the maximum LTV is 90%, you’ll need a minimum down payment of $10,000 for the $100,000 real estate property.

What is after-repair value?

Lenders will use comparable properties in Texas to predict what the after-repair value is after renovations have been completed on the subject property. They will take into account the materials you plan on installing, such as granite. Additional square footage or bedrooms increase the after-repair value (ARV).

Best cities in Texas for fix and flips:

According to TheRealDeal, “Texas cities make up four of the nations largest home-start markets”. With landlord-friendly laws and no state income tax, this makes Texas an ideal candidate for real estate flippers. Since Texas is found within tornado alley, it provides a steady flow of flooded, tornado damaged, burned down or run down properties.

  1. Dallas
  2. Austin
  3. San Antonio
  4. Houston
  5. El Paso

How much money do you need to fix and flip a house?

Fix and flip loans are a form of short-term bridge financing. Therefore, they tend to follow similar standards. Bridge loans offer up to 90% loan to purchase price or otherwise known as 90% LTC.

For example, you will have to provide a minimum down payment of $10,000 on a $100,000 investment property.

How much money do you need for rehabbing a house in Texas?

You can expect to have construction costs, such as labor, material costs, general contractor costs, permits and other rehab costs. These costs will be financed, but only after you complete the rehab work. Meaning, you’ll have to pay for the rehab upfront and then submit “draw requests” to release the funds to your bank account.

Is there interest on undrawn rehab funds?

You only pay interest after rehab funds have been released. There is no interest on undrawn funds. In other words, you will pay interest until you submit a draw request and the lender confirms the work has been completed.

Is Texas a good place to flip houses?

The Lone Star State is an excellent place for house flippers. According to TheRealDeal, “Dallas and Houston ranked first and second most active real estate markets in the United States”. In 2022, Texas experienced a 15.91% increase in population growth.

What is the 70% rule in house flipping?

According to RocketMortgage “The rule says real estate investors should pay no more than 70% of a property’s after-repair value (ARV) minus the cost of the repairs necessary to renovate the home.”

Curlee Capital LLC

Curlee Capital LLC is located in Austin, TX and specializes in Texas fix and flip loans. We’re part of the Real Estate Council in Austin (RECA) and Austin Chamber of Commerce . We proudly maintain an A+ rating on Better Business Bureau.

We work with dozens of hard money lenders and have access to all types of loan programs. Every lender has a different risk tolerance and approves different borrowers. Our expertise is in matching a borrower to a lender who will approve a loan with the best loan terms and interest rates for that specific scenario.

Get Pre-Approved for a Texas Fix and Flip Loan

Contact us to finance house flipping project in Texas.

Contact us to get:

  • Free consultation
  • Fix & flip expertise
  • Less than 1 hour response time
  • Up to 80% LTV




(512) 399-4476


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