Fix-and-Flip & Ground-Up Construction Loans | MortgageHouz
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Fix-and-Flip or Ground-Up Construction · Response within 1 business day
🏠 Florida · Real Estate Investor Loans · NMLS #2755375
Build It. Flip It. Fund It Fast.
MortgageHouz specializes in Fix-and-Flip and Ground-Up Construction financing for Florida real estate investors. Fast approvals, high leverage, flexible terms — no W-2s or tax returns required.
90%Max LTC
75%Max ARV
620+Min FICO
7 DaysFast Close
Fix-and-Flip · Ground-Up Construction · Bridge · No Tax Returns Required
Why MortgageHouz
Speed, Leverage, and Flexibility — Built for Investors
We work with the top private and institutional lenders in the country to deliver the best terms available for your project. One call. Multiple options. Fast funding.
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Close in as Little as 7 Days
Time kills deals. Our streamlined process and lender relationships mean you can close fast — even in competitive markets.
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Up to 90% LTC
Finance up to 90% of your total project cost — purchase plus renovation — so you can preserve capital and scale your portfolio.
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No Tax Returns Required
Asset-based underwriting means qualification is based on the deal, not your W-2. Self-employed and business owners qualify easily.
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Fix-and-Flip & Construction
Two powerful programs under one roof. Whether you’re renovating a distressed property or building from scratch, we have the financing.
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Interest-Only During Project
Pay interest only during the renovation or construction phase. Preserve your cash flow for the project — not carrying costs.
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Experience-Based Pricing
More projects completed = better rates and higher leverage. We reward track record with tiered pricing across all programs.
Our Programs
Two Programs. Every Project Type.
Click a program to explore full guidelines, program highlights, and qualification requirements.
🔨 Fix-and-Flip Loans
Short-Term · Up to 90% LTC · 12–18 Month Terms
✓Purchase + renovation financing in one loan
✓Up to 90% of total project cost (LTC)
✓Up to 75% of after-repair value (ARV)
✓12–18 month terms, interest-only payments
✓SFR, 2–4 unit, condo, townhome eligible
✓620+ FICO · No income verification
✓Renovation funds disbursed in draws
🏗 Ground-Up Construction
New Build · Up to 90% LTC · 12–24 Month Terms
✓Land acquisition + construction in one loan
✓Up to 90% of total project cost (LTC)
✓Up to 70% of as-completed value (ACV)
✓12–24 month terms with extension options
✓SFR, 2–4 unit, townhome, small multifamily
✓Licensed GC required · Plans and permits
✓Funds disbursed in milestone draws
The Process
From Application to Funded in 4 Steps
01
Submit Your Deal
Tell us the property address, purchase price, renovation/construction budget, and ARV. No credit pull at this stage.
02
Same-Day Term Sheet
We evaluate your deal and return a term sheet within 24 hours. Rates, LTC, term length, and draw structure all included.
03
Streamlined Underwriting
Entity docs, property info, and scope of work. No tax returns. No W-2s. Our lenders underwrite the deal, not the borrower.
04
Close & Fund
Most loans close in 7–14 business days. Renovation and construction funds held in a draw account, released as work progresses.
Investor Reviews
What Florida Investors Say
★★★★★
"Closed my fix-and-flip in 9 days. I’ve worked with a dozen lenders and MortgageHouz was the fastest by far. No surprises at closing."
— Marcus T., Orlando FL · Fix-and-Flip Investor
★★★★★
"I’m a builder, not a W-2 employee. Banks always turn me down. MortgageHouz got me a 90% LTC ground-up loan based on my plans and experience. Game changer."
— Denise W., Tampa FL · Custom Home Builder
★★★★★
"Third flip with MortgageHouz. Each deal I’ve gotten better rates because of my track record. They actually reward you for experience."
— James R., Kissimmee FL · Repeat Fix-and-Flip Investor
Ready to Fund Your Next Deal?
Get Your Loan Quote Today
No credit pull. No income docs. Just tell us about your deal and we’ll have a term sheet back to you within 24 hours.
Short-term, high-leverage fix-and-flip financing that closes fast and moves with your deal. Up to 90% LTC, interest-only payments, and no income verification required.
90%Max LTC
75%Max ARV
7–14Day Close
18 MoMax Term
Interest-Only · No Tax Returns · LLC Vesting OK · First-Time Flippers Welcome
Program Overview
Fix-and-Flip Financing Built for Investors
Our fix-and-flip programs cover two loan components: property acquisition and renovation costs. You close on the purchase, then draw renovation funds as work is completed and inspected.
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90% LTC Available
Finance up to 90% of total project cost for experienced investors. First-time flippers typically qualify at 80–85% LTC with rate adjustments for risk profile.
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Interest-Only Payments
Pay interest only on funds drawn during the renovation phase. No principal payments until you sell or refinance. Maximizes your project cash flow.
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Close in 7–14 Days
Compete with cash buyers. Our streamlined underwriting and direct lender relationships fund most loans within two weeks from application.
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No Income Verification
Asset-based underwriting. No W-2s, no tax returns, no debt-to-income ratio. The deal is the underwrite — your income is irrelevant.
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LLC Vesting Allowed
Close in the name of your LLC or other entity. Protect your assets while building your portfolio. Most programs allow LLC, trust, and corporate vesting.
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Repeat Investor Pricing
Completed 5+ flips? Qualify for lower rates, higher LTC, and expedited underwriting. We reward track record with better economics on every deal.
Program Highlights
Fix-and-Flip Program Guidelines
These program parameters represent current market guidelines aggregated from our top wholesale lender network. Terms vary by deal and borrower profile.
Core Loan Parameters
Rates, Leverage & Terms
✓Loan amounts from $75,000 to $5,000,000+
✓Interest rates from 8.49% to 12.99% depending on FICO, experience, and LTV
✓Origination points: 1.5 to 3.0 points
✓LTC up to 90% for experienced investors (5+ flips)
✓LTC up to 80–85% for first-time flippers
✓ARV cap: 75% on most programs (some allow up to 80%)
✓Terms: 12 or 18 months with extension options available
✓Interest-only payments during project — no prepayment penalty
✓Experience documented via HUD-1/settlement statements
✓Related experience (GC, agent, PM) may offset flip experience
✓Co-borrower with experience can qualify new investors
✓Rate buydowns available on larger loan amounts
How It Works
Fix-and-Flip Loan Process
01
Submit Your Deal
Property address, purchase price, renovation budget, and ARV. We’ll also want to know your flip experience and target timeline.
02
Term Sheet in 24 Hours
We return a term sheet with rate, LTC, points, and draw structure. No commitment — just clarity on what you can expect.
03
Underwriting & Close
Entity docs, signed scope of work, appraisal or AVM. Most files close in 7–14 days. No tax returns or income docs required.
04
Renovation Draws
After purchase, renovation funds are released in draws after inspection confirms completed milestones. Typical draw time: 24–48 hours.
Fix-and-Flip
Get Your Fix-and-Flip Quote Today
No credit pull. Tell us about your deal and we’ll return a full term sheet within 24 hours.
MortgageHouz LLC · NMLS #2755375 · 321.201.0436
🏗 Ground-Up Construction · New Build Financing
Build From The Ground Up. We Fund the Vision.
High-leverage, short-term construction financing for investors and builders developing single-family homes, 2–4 units, and small multifamily projects. Land, permits, and build — all in one loan.
90%Max LTC
70%Max ACV
24 MoMax Term
$5M+Max Loan
Land Acquisition + Build · Milestone Draws · Interest-Only · No Tax Returns
Program Overview
Ground-Up Construction Financing for Builders
From raw land to certificate of occupancy, we fund the full development timeline. Funds are released in milestone draws as construction progresses and inspections confirm completed work.
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Land + Build in One Loan
Combine lot acquisition and construction costs into a single loan. Close once, draw as you build — no need for separate land and construction facilities.
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Up to 90% LTC
Finance up to 90% of total project cost — land, hard costs, and soft costs. Experienced builders and strong deals qualify for maximum leverage.
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Interest-Only on Drawn Funds
You pay interest only on funds actually drawn, not the full loan amount. Built-in interest reserves at closing keep payments current without impacting your budget.
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Milestone-Based Draws
Funds released in stages: foundation, framing, rough-in, finishes, CO. Each draw triggered by inspection. Typical draw turnaround: 24–72 hours.
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Fast Approvals
Pre-approval in 1–3 days. Full close in 10–21 days depending on appraisal and title readiness. Virtual draw inspections available in most markets.
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Two Exit Options
Sell upon completion (flip-to-sale) or refinance into a long-term DSCR rental loan. We help structure your exit from day one so you’re never caught without a plan.
Program Highlights
Ground-Up Construction Guidelines
Current market guidelines aggregated from our top construction lender network. Program terms vary by borrower experience, project scope, and deal strength.
Core Loan Parameters
Rates, Leverage & Terms
✓Loan amounts: $100,000 to $5,000,000+
✓Interest rates: 9.50% to 12.99%
✓LTC up to 90% of total project cost
✓ACV cap: 70–75% of as-completed value
✓100% of vertical construction costs can be funded
✓Terms: 12 to 24 months with extension options
✓Interest-only on drawn funds — interest reserve built in at close
✓No prepayment penalty on most programs
Borrower Qualification
Credit, Experience & Documentation
✓Minimum FICO: 640 (some programs: 620)
✓No personal income verification required
✓Builder experience evaluated holistically — not a hard cutoff
✓Licensed General Contractor required (owner-builder reviewed case-by-case)
✓Complete plans, permits, and budget required
✓LLC, trust, and corporate vesting allowed
✓Foreign nationals eligible on select programs
✓Liquidity / reserves: 5–10% contingency required
Project Requirements
Property Types & Project Scope
✓Single-family residences (infill, spec, custom)
✓2–4 unit residential properties
✓Townhomes and small multifamily
✓Build-to-rent (BTR) and build-to-sell eligible
✓Teardown & rebuild on existing lots
✓As-completed appraisal required
✓Virtual draw inspections available — 24–72 hr turnaround
✓Available in Florida and 40+ states
Draw Schedule & Exit
Funds Release & Exit Strategy
✓Land acquisition funded at closing
✓Construction funds released in milestone draws
✓Typical milestones: foundation, framing, rough-in, drywall, finishes, CO
✓Inspection required before each draw release
✓Draw fees: approx. $200–$400 per inspection
✓Exit 1: Sell upon CO — pay off construction loan
✓Exit 2: Refinance into DSCR rental loan for long-term hold
✓Gross profitability target: minimum 20% margin on most programs
How It Works
Ground-Up Construction Loan Process
01
Submit Your Project
Property address, lot value, construction budget, plans status, GC info, and as-completed value. We evaluate deal strength within 24 hours.
02
Pre-Approval & Term Sheet
Pre-approval in 1–3 days. Term sheet includes LTC, ACV cap, interest rate, draw schedule structure, and interest reserve amount.
03
Underwriting & Close
Full plans, permits, GC contract, as-completed appraisal, and entity docs. Close in 10–21 days. Interest reserve funded at closing.
04
Build & Draw
Land funded at close. Construction draws released milestone-by-milestone after inspection. Virtual inspections available. Sell or refi at completion.
Ground-Up Construction
Get Your Construction Loan Quote
Plans, budget, or back-of-napkin numbers — we’ll work with what you have and return a term sheet within 24 hours.
MortgageHouz LLC · NMLS #2755375 · 321.201.0436
📊 Side-by-Side Comparison
Compare All Programs
Use this guide to identify which loan type and program tier fits your deal. Not sure? Get a quote and we’ll match you.
Program Comparison
Fix-and-Flip vs. Ground-Up Construction
Fix-and-Flip
Ground-Up Construction
Loan Purpose
Purchase + Renovate existing property
Build new property from raw land
Max Loan Amount
$75,000 – $5M+
$100,000 – $5M+
Max LTC
90% of purchase + reno cost
90% of total project cost
ARV / ACV Cap
75% of After-Repair Value
70–75% of As-Completed Value
Interest Rate
8.49% – 12.99%
9.50% – 12.99%
Term Length
12 – 18 months
12 – 24 months
Payments
Interest-only on drawn funds
Interest-only on drawn funds
Close Time
7 – 14 business days
10 – 21 business days
Min FICO
620 (some programs: 600)
640 (some programs: 620)
Income Verification
✓ None required
✓ None required
Tax Returns
✓ Not required
✓ Not required
LLC Vesting
✓ Allowed
✓ Allowed
Foreign Nationals
✓ Select programs
✓ Select programs
First-Time OK
✓ Yes (adjusted terms)
Experience preferred; GC required
Property Types
SFR, 2–4 unit, condo, PUD
SFR, 2–4 unit, townhome, small MF
Draw Schedule
Renovation holdback draws
Milestone construction draws
Best For
Distressed property renovation & resale
New construction for sale or rent
Experience Tiers
How Experience Affects Your Terms
Most programs tier borrowers by project history. More completed deals = better rates, higher leverage, and faster closing.
Experience Level
Fix-and-Flip Terms
Construction Terms
First-Time / 0 Projects
80–82% LTC | 11%–13% rate
75–80% LTC | 11.5%–13%+ rate | GC required
Entry Level / 1–4 Projects
85–88% LTC | 10%–11.5% rate
80–85% LTC | 10.5%–12% rate
Experienced / 5+ Projects
90% LTC | 8.49%–10% rate
85–90% LTC | 9.50%–11% rate
Enterprise / 30+ Annually
Max leverage | Lowest rates | 5–day close
Max leverage | Dedicated team | Priority draws
Not Sure Which Program Fits?
We’ll Match You
Submit your deal details and we’ll recommend the best program and lender for your specific scenario — within 24 hours.
❓ Frequently Asked Questions
Got Questions? We Have Answers.
Everything you need to know about Fix-and-Flip and Ground-Up Construction financing through MortgageHouz.
Fix-and-Flip FAQs
Fix-and-Flip Questions
A fix-and-flip loan is a short-term investment loan that covers both the purchase of a distressed property and the cost of renovating it. The loan is typically interest-only for 12–18 months, giving investors time to complete renovations and sell the property for profit. Qualification is based on the deal’s potential — not the borrower’s personal income.
Most programs allow up to 90% of total project cost (LTC) for experienced investors, capped at 75% of the after-repair value (ARV). Loan amounts range from $75,000 to over $5 million. The controlling limit is whichever of LTC or ARV is more conservative.
Yes. First-time flippers are accepted on most programs at adjusted leverage (80–85% LTC) and slightly higher rates. Some programs allow you to partner with an experienced flipper as a co-borrower to qualify for better terms. Starting with a simpler cosmetic flip also reduces lender risk and improves approval odds.
No. Fix-and-flip loans are asset-based — the deal is the underwrite, not your income. No tax returns, no W-2s, and no debt-to-income ratio calculation. You’ll need to document your experience (HUD-1 statements for completed flips) and provide property information, scope of work, and entity docs.
Renovation funds are held in a draw holdback account at closing. As you complete milestones, you request a draw. A lender-appointed inspector verifies the completed work and releases the funds — typically within 24–48 hours. Draw inspection fees run $200–$300 each. You pay contractors first, then are reimbursed through the draw.
Most fix-and-flip loans through MortgageHouz close in 7–14 business days. Some lenders offer 5-day or even 48-hour closings for experienced borrowers with complete files. Speed depends on your document readiness, appraisal turnaround, and the complexity of the project.
Ground-Up Construction FAQs
Construction Loan Questions
A ground-up construction loan finances the development of a new property from raw land — covering lot acquisition, permits, vertical construction, and completion. Funds are released in milestone draws as construction progresses. The loan is interest-only on drawn funds, with a built-in interest reserve to keep payments current during the build.
LTC (Loan-to-Cost) compares the loan amount to your total project cost. ACV (As-Completed Value) compares the loan to the property’s projected value when finished. Construction lenders size loans based on the more conservative of the two. If your ACV supports 90% LTC but your total cost is low, LTC becomes the cap — and vice versa.
Yes, most construction programs require a licensed GC. Owner-builder scenarios are reviewed on a case-by-case basis and typically require documented construction experience. The GC contract, budget, and construction timeline are reviewed as part of underwriting.
Funds are released in milestone draws after inspection confirms completed work. Typical milestones include: foundation, framing, rough-in mechanicals, drywall and insulation, finishes, and certificate of occupancy. Inspections are typically virtual and turn around in 24–72 hours. Draw fees run $200–$400 per inspection.
You have two primary exits: (1) Sell the completed property and pay off the construction loan from proceeds — ideal when market conditions are strong. (2) Refinance into a long-term DSCR rental loan to hold the property as a rental — best for investors building a rental portfolio. MortgageHouz also offers DSCR loan programs for the permanent financing exit.
Plan for it. Most lenders require a 5–10% contingency reserve built into the construction budget. Labor, materials, and permitting delays can add 5–10% to total costs. If your project runs long, most programs offer term extensions (typically 3–6 months) for an extension fee. Communicate early with your lender — surprises are always more expensive than proactive planning.
Still Have Questions?
Talk to a Loan Specialist
Submit your scenario and a MortgageHouz specialist will reach out within one business day with program recommendations and a term sheet.