Rehab Loan

Investing in a fixer-upper? A rehab loan gives you the capital to purchase and renovate a property in one streamlined package, so you're not juggling separate financing for the purchase and the repairs.

What Is a Rehab Loan?

If you're asking what is a rehab loan — it's a type of financing designed specifically for properties that need repairs before they're move-in ready or market-ready. Instead of requiring you to buy the home in cash and cover renovation costs out of pocket, a rehab loan bundles the purchase price and rehab budget into a single loan based on the property's After Repair Value (ARV) rather than its current condition.

This makes rehab loans a go-to tool for real estate investors, house flippers, and buyers taking on a fixer-upper who need fast, flexible capital that traditional mortgages don't offer.

Rehab Loan Terms

• Interest Rate: 13%-14% per annum, simple interest
• Loan Origination Fee: 3.00%-4.00% of loan amount
• Borrower Down Requirement: 0%-10% of purchase price
• LTV: Up to 70% of ARV
• Commitment Fee: $0-$295 plus appraisal fee
• Loan Amount: $100,000 - $750,000

FHA 203k Rehab Loan vs. Hard Money Rehab Loans

Many borrowers researching rehab financing come across the FHA 203k rehab loan, a government-backed option available through FHA-approved lenders. A 203k rehab loan can be a solid fit for owner-occupants who plan to live in the property and want lower rates — but it comes with slower approval timelines, stricter contractor requirements, and more paperwork.

If speed and flexibility matter more than the lowest possible rate, a hard money rehab loan is often the better path. Unlike an FHA rehab loan, our rehab loans are approved based on the deal and the property's ARV — not your personal income history or a lengthy underwriting process — so investors can move quickly on time-sensitive properties.

Why Choose Our Rehab Loans

• Loan amounts from $100,000 to $750,000 to fit projects of nearly any size
• Up to 70% ARV, so your loan reflects the property's post-renovation value
• Down payment as low as 0%, depending on the deal
• Fast approval built for investors who can't wait 30-60 days like a traditional 203k process
• No prepayment penalties — pay off your rehab loan as soon as the project sells or refinances

Get Started

Whether you're flipping your first property or your fiftieth, our rehab loans are built to get capital into your hands fast. Check your eligibility today and get pre-qualified in minutes.