House Flipper Financing

Reviewed by Ty Crandall

November 14, 2023


House Flipper Financing Credit Suite

Looking for House Flipper Financing?

Fixing and flipping houses is expensive. You have to lay out a lot of cash for rehab, repairs, and improvements. Your payoff, if it comes, can be months or years later. But house flipper financing can help.

Flipping is a lot of physical and manual labor, because if you paid contractors, you wouldn’t make any money! High tax bills can come with flipping, due to short term capital gains. See

You Need House Reseller Funding

There are several ways you can get money to fix and flip houses. These methods can help. You can smooth out the inevitable financial highs and lows that come with flipping. You won’t be dipping into your personal savings as much.

Try a Home Equity Loan for House Flipper Financing

Do you currently own a home beyond the house you intend to flip? A home equity line of credit (HELOC) is a potential source of funding. Home equity lines of credit are secured by your house, so you can get financing at a low interest rate.

HELOCs are based on the equity you have in your home. This is the value of your home minus what you owe on the mortgage. You can tap into a HELOC if you have at least 20% equity in your home, and you can borrow up to 85% of the home’s equity.

Check out our Credit Suite Credit Line Hybrid, where you can get up to $150,000 to help your business thrive.

Try an Investment Property Line of Credit for House Reseller Funding

If you own a rental property, you may be able to take advantage of an investment property line of credit. Like a HELOC, you can borrow against your investment property’s equity. Again, the property serves as collateral.

To qualify for an investment property line of credit, you often need good to excellent credit. Plus you need to have a history of successful real estate investments. In general, you must own the property for at least one year before you are eligible.

Try a Business Line of Credit for House Flipper FinancingHouse Flipper Lending Credit Suite

Speaking of lines of credit, if you’re an experienced flipper and have a history of completed deals and profits, another financing option is a business line of credit. With a business line of credit, you get access to a revolving credit line.

You can use up to a set amount, but you only make payments and pay interest one the amount you actually use.

Business lines of credit are especially useful for home flippers. This is because you can use it again and again if and when issues pop up. Another option is to tap into it when you tackle your flip.

Most banks offer business lines of credit, but you generally need to have excellent credit and a stable history of flipping success to qualify.

Try Seller Financing for House Flipper Financing

With this approach, you work with the seller to come up with a payment plan, and to create a contract. You make payments directly to the seller on an agreed-upon schedule, based on a price you both set with interest. But it is not regularly available.

Seller financing poses more risk to the original property owner. As a result, you often pay a higher interest rate, and have a shorter repayment term than with other loans.

Try a Bridge Loan for House Flipper Financing

With a bridge loan you can cover the gap between when you want to buy a property, and when you can secure long-term financing. It can help you cover the cost of the down payment on your next flip, and then you can focus on finding another financing option, like a traditional mortgage, to pay for the rest.

Bridge loans are generally secured by collateral, so you can qualify for a loan with a lower interest rate, versus some other financing options. They are often easier to qualify for than other loans.

Try a Cash Out Refinance Loan for House Flipper Financing

This is a financing strategy where you refinance an existing property, to fund your flip’s purchase or renovations. Use your current home’s equity to take out a new loan and pay off the existing mortgage, and you can use anything left over to finance your flip.

For a cash out refinance loan to work best, you need to have 30% to 40% equity in your home. Otherwise, this approach is not cost-effective. So don’t bother unless you have that kind of equity in your home.

Try a Permanent Bank Loan/Online Mortgage for House Flipper Financing

If you want to buy a home that you can stay in for five years or more while you renovate it, then a regular mortgage with a fixed interest rate from a bank or credit union is likely the best idea. You qualify for lower interest rates than you’d get with other financing options and have up to 30 years to make payments on the loan.

You must have enough money saved for a down payment, and good to excellent credit, and a stable income, to qualify for a mortgage.

Check out our Credit Suite Credit Line Hybrid, where you can get up to $150,000 to help your business thrive.

Try a Hard Money Loan for House Reseller Financing

If you are an experienced investor who has completed a few flips before, or you have poor credit, or you having troubles other financing options, try a hard money loan.

With a hard money loan, you work with non-bank lenders, these can be individuals or online lenders, in order to get the money you need.

Hard money lenders often have less stringent eligibility requirements. So you can qualify for financing even if your credit score isn’t great. You can often get the money fast. But note hard money loans tend to have higher interest rates than other types of loans, and they often have shorter repayment terms. See

Did You Know that Credit Suite Offers House Flipper Financing?

Enjoy a quick closing and high loan-to-values with our rehabilitation loans. Rehab loans are tailored for the real estate investor who wants to purchase, rehab, and flip residential properties. Using the property as collateral, funds are available for short-term residential renovation projects that most traditional banks and credit unions won’t approve.

Check out our Credit Suite Credit Line Hybrid, where you can get up to $150,000 to help your business thrive.

You can Get Approved for House Reseller Financing Through Credit Suite

There are three main elements lenders are looking at to approve you for this program. You should have prior and recent flipping experience. Lenders will ask you to list your recent projects verifying that you have recent experience of selling 2 homes or more. Lenders will verify that you have average credit.

You can be approved with credit scores as low as 640 long as you don’t have any recent severe negative credit items on your report.

The last element lenders are looking at to approve you for this program is, you should be liquid. Lenders want to see that you have money in the bank, and you will be required to put funds into an escrow account for security. The amount of liquid funds varies based on project, but you should only apply if you have at least $30,000 in liquidity now.

So you can be approved, even with average credit, as long as you have some flipping experience and money in the bank.

Check Out These Terms for House Reseller Financing Through Credit Suite

Get approval for 100% of the financing you need to buy and rehab residential properties. Lenders will verify that the amount you are requesting is 65% or less of after-repair value of the property. You can be approved for a short-term loan of 6 months and can also get extended terms upon request. There is no prepayment penalty, so you can sell the home faster and pay off the entire loan without any cost to you whatsoever.

Check Out the Benefits of House Reseller Financing Through Credit Suite

Get 100% of funds to purchase and rehab property. Pay no application fees. A simple application is all that’s needed for approval. Get approved with average credit and enjoy 48-hour pre-approval.

Application to funding in 3 weeks or less. Pay rates of 8 – 18% based on risk. Get financing for multiple homes.  Apartment rehab financing is available.

Here are Details of House Reseller Financing Through Credit Suite

Get approved for $25,000 – $2 million. Average credit is accepted. The property serves as the collateral. But note financials are required.

House Reseller Financing: Takeaways

House resellers have several options when it comes to getting funding. Option eligibility may depend on credit score, and often your experience with flipping. Credit Suite offers house reseller financing. Get money fast, and at great rates. Let’s take the next step together.

About the author 

Janet Gershen-Siegel

Janet Gershen-Siegel is the seasoned Finance Writer and a former content manager at Credit Suite. She has been admitted to practice law for over 30 years, with a focus on litigation and product liability, and is a published author, with writing credits at Entrepreneur, and

She has a BA in Philosophy from Boston University, a JD from the Delaware Law School of Widener University, and a MS in Interactive Media (Social Media) from Quinnipiac University.

She regularly writes for Credit Suite, which helps businesses improve Fundability™, build credit, and get approved for loans and credit lines.

Her specialties: business credit, business credit cards, business funding, crowdfunding, and law

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