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No money down fix and flip loans in Houston
You can buy and renovate a Houston flip with no money down toward the purchase or the rehab. It depends on one thing: how far below the after-repair value you buy.
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Estimate only. Loan amount is the lower of 100% of purchase plus rehab or 70% of the sale price when finished (after-repair value). Minimum loan $150,000. Business-purpose loans on investment property.
When a no money down hard money loan is real
We fund 100% of the purchase price and 100% of the rehab budget when the two together are at or under 70% of the after-repair value. On a deal like that, you bring nothing toward the purchase or the rehab.
| Deal | Amount |
|---|---|
| Purchase price | $180,000 |
| Rehab budget | $60,000 |
| Total cost | $240,000 |
| After-repair value | $360,000 |
| 70% of after-repair value | $252,000 |
| Loan amount | $240,000 |
What the 100% covers
The 100% applies to two things: the purchase price and the rehab budget. Ask about closing costs when you get your terms, so you know the full amount you need to close.
How to find deals that qualify
Use this before you make an offer: take 70% of the after-repair value and subtract the rehab budget. Offer that amount or less.
If a seller will not come down to that number, you have two choices. Bring the difference yourself, or pass and keep looking. For the full walk-through, read how to flip a house with no money.
Questions investors ask
Straight answers about fix and flip loans no money down.
Can I really flip a house in Houston with no money down?
Toward the purchase and the rehab, yes, when your total cost is at or under 70% of the after-repair value and the loan is at least $150,000.
What if my purchase and rehab cost more than 70% of the after-repair value?
The loan stops at 70% of the after-repair value. You bring the difference between that amount and your total purchase and rehab cost.
What is after-repair value?
After-repair value, or ARV, is what the house should sell for once the rehab is finished. It is usually based on recent sales of renovated houses nearby.
What is the smallest loan you make?
Loans start at $150,000.
How do I apply?
Fill in the short form on this page. You see your loan amount as you type, and a loan officer follows up with your terms.
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