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Fix and Flip Loans in California

Short-term financing for purchasing and renovating properties for resale.

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Bottom Line Up Front

Fix and flip loans provide the capital to purchase distressed or value-add properties, fund renovations, and sell for a profit. These short-term loans are designed for experienced and aspiring real estate investors who need fast funding and flexible terms to execute renovation projects throughout California.

✓ Finance purchase + renovation costs✓ Fast approval and funding✓ Based on after-repair value (ARV)✓ Short-term 6-18 month terms✓ Multiple draw schedule for rehab funds

What Are Fix and Flip Loans?

Fix and flip loans provide the capital to purchase distressed or value-add properties, fund renovations, and sell for a profit. These short-term loans are designed for experienced and aspiring real estate investors who need fast funding and flexible terms to execute renovation projects throughout California.

Fix and Flip Loan Requirements

Property value and after-repair value (ARV). Experience preferred but not always required. Down payment varies by LTV. Renovation budget and timeline plan.

Benefits of Fix and Flip Loans

✓Finance purchase + renovation costs
✓Fast approval and funding
✓Based on after-repair value (ARV)
✓Short-term 6-18 month terms
✓Multiple draw schedule for rehab funds
✓No income verification in many programs

✅ Pros

Quick access to capital
ARV-based lending maximizes leverage
Renovation funds included
Scalable for repeat investors

⚠️ Considerations

Higher interest rates
Short repayment timeline
Requires solid exit strategy
Points and fees

Fix and Flip Loans in California: What to Know

California's high property values make fix-and-flip investing especially profitable. Markets like Los Angeles, San Diego, Sacramento, and the Inland Empire offer strong opportunities for renovation investors.

Fix and Flip Loan Rates and Costs

Typically 9-12% depending on experience, LTV, and property type. Points range from 1-3%.

Why Work with Our Recommended Broker for Fix & Flip Loans?

Our recommended broker, Save Financial, Inc. (NMLS #377740), is a trusted California mortgage brokerage with 45 years of combined experience and relationships with 20+ wholesale lenders. They specialize in finding the best fix & flip loans rates and terms for California borrowers. Their $500 price guarantee means if they can't beat another lender's offer, you get $500. Our recommended broker serves 168+ California cities from offices in Newport Beach and Marina del Rey, and the team speaks English and Spanish.

Call (888) 703-1840 or get a free quote online — open 7 days a week, 9AM–8PM.

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Our Recommended Broker's $500 Price Match Guarantee

Our recommended broker, Save Financial, guarantees to beat any written offer for the same product, we pay you $500 cash.

Sponsored by Save Financial, Inc. (NMLS #377740) · DRE #01875766 · Call (888) 703-1840

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Reviewed By

Mike Basti, Licensed Mortgage Broker

Expert contributor to Mortgage Guide California. Licensed mortgage broker (NMLS #377740, DRE #01875766) and founder of Save Financial, Inc. in Newport Beach, CA. 20+ years originating conventional, FHA, VA, jumbo, and specialty loans across California.

Verify Sponsored by Save Financial, Inc. (NMLS #377740) →LinkedIn →DRE #01875766

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Fix-and-Flip Financing Structure

Fix-and-flip loans provide both the purchase price and renovation costs in a single loan, structured as short-term bridge financing with interest-only payments. The loan amount is based on the after-repair value (ARV) — typically 70-85% of ARV. For a California property with an ARV of $900,000, a 75% ARV loan provides $675,000 total: $500,000 for the purchase and $175,000 for renovations. The renovation funds are held in escrow and disbursed in stages as the contractor completes work — the lender inspects each phase before releasing the next draw. Terms range from 6-18 months, with interest rates of 9-13% and 1-3 origination points.

Experienced flippers with a track record of successful projects qualify for better terms — lower rates, higher leverage, and faster closings. First-time flippers may face higher down payment requirements (30-35% of purchase price) and lower ARV leverage. California's high property values create both opportunity and risk: the profit margins per flip are larger ($60,000-$150,000 on a typical coastal flip), but the capital at risk is also substantial. Before pursuing a fix-and-flip loan, analyze the deal using the 70% rule: maximum purchase price should be 70% of ARV minus renovation costs.

Last updated: July 2026. Sources: California Contractors State License Board renovation requirements. California Department of Real Estate licensing for fix-and-flip lending.

Frequently Asked Questions — Fix & Flip Loans

What is a fix and flip loan in California?

A fix and flip loan is short-term financing for buying, renovating and reselling a property, underwritten on the deal rather than your income. Lenders commonly fund up to 90% of purchase and 100% of rehab, capped at 70-75% of after-repair value. Terms run 6 to 18 months, interest-only, with rates 2% to 5% above conventional plus 1 to 3 points. Closings happen in 7 to 21 days.

What credit score do I need for fix & flip loans?

Most fix and flip loan programs in California look for 660+. Credit tends to affect your pricing more than your eligibility — a stronger score usually shows up as a lower rate rather than a different answer on whether you qualify.

How much down payment do I need?

A fix and flip loan in California typically requires 10-20% of purchase. The exact figure moves with your credit profile, occupancy and property type — stronger files land at the low end of that range.

How long does closing take?

A fix and flip loan in California generally closes in 7-21 days. Appraisal turn times and how quickly you return requested documents are the two things that move that timeline most.

Can I use this program for an investment property?

A fix and flip loan is available for investment property only. Occupancy affects both pricing and down payment, so confirm the intended use up front — it changes the terms you are quoted.

Are rates higher for fix & flip loans?

Fix and flip loan rates run materially higher — commonly 2% to 5% above conventional, plus 1 to 3 points, because the money is short-term and fast. Your specific number depends on credit, down payment, occupancy and the day you lock.

Do I need to verify my income?

For a fix and flip loan, income is qualified on the deal — after-repair value and rehab budget, not personal income. This is the main way the program differs from a standard conventional loan, and it is usually the reason borrowers choose it.

Can I refinance later into a different program?

Yes. With a fix and flip loan the usual path is to exit by selling, or refinance into a DSCR loan if you decide to hold. Nothing locks you in — plan the exit when you take the loan rather than after.

What documents do I need to apply?

For a fix and flip loan you will need a government ID, credit authorization and property details, plus a rehab budget, contractor scope, purchase contract and evidence of prior projects.

How do I get started?

Call (888) 703-1840 for a free fix and flip loan consultation, or use the form on this page. Pre-approval usually takes 1-3 business days, and there is no cost and no hard credit pull to find out what you qualify for.

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