Renovating an investment property can be a strategic way to boost value and grow returns, but it all starts with the right financing. Fix and Flip loans are one of the most flexible and efficient ways to buy, repair, and sell properties.
Here’s how they work and how they compare to other investment property loans like DSCR and Bridge loans.
What Is a Fix and Flip Loan?
A Fix and Flip loan is an alternative financing option that covers both the purchase and renovation of an investment property. It’s designed for real estate investors who plan to improve a property and sell it quickly for a return.
At LendSure Home Loans, Fix and Flip loans offer up to $3,000,000 in funding, with the ability to finance up to 90% of the purchase price as well as up to 100% of renovation costs, depending on experience. Loans carry a 12-month interest-only term and can be used for single-family homes or multifamily properties up to four units.
How Does the Fix and Flip Process Work?
LendSure Home Loans’ Fix and Flip loan process is streamlined to help you move fast:
- Apply with a simplified form (shorter than a standard URLA)
- Receive a term sheet quickly
- Submit documentation and return the signed term sheet
- Our team coordinates conditions and appraisal
- Clear to close and begin draws as renovation milestones are completed
How the Fix and Flip Loan Draw Process Works
Fix and Flip loans release renovation funds in stages, known as draws. Once part of the renovation is complete, the borrower submits a draw request. LendSure reviews the request, including a construction progress inspection, paid invoices, and a title update. Approved funds are then reimbursed based on completed work.
This structure keeps projects on track and ensures access to funds when they’re needed most.
Do You Need Experience to Get a Fix and Flip Loan?
Not with LendSure Home Loans. Unlike some lenders that only work with experienced fix and flip investors, we welcome any level of flipping experience. Whether you’re doing your first project or you’re a repeat investor looking for your next opportunity, our program is built to support you.
If you’re a real estate agent working with new investors, this opens up a huge opportunity to help your clients access flexible funding without the typical barriers.
Can You Refinance Into a Long-Term Loan After the Flip?
Yes, and that’s where a DSCR loan can come in.
When a DSCR Loan Makes Sense
A DSCR (Debt Service Coverage Ratio) loan is an investment property loan that qualifies borrowers based on the property’s rental income, not your tax returns or employment history. It’s not meant for funding renovations, but it’s a strong option once the flip is complete and the property is stabilized as a rental.
LendSure’s DSCR loans offer:
- No tax returns required
- Option to finance up to 10 properties at once
- Interest-only payments for up to 10 years on a 40-year term
- Loan amounts up to $3,000,000 for 1-4 unit properties
- Up to $2,000,000 for 5-10 unit properties
If you’re planning to buy, renovate, and hold the property as a rental, a Fix and Flip loan followed by a DSCR refinance is a smart two-step strategy.
Can Bridge Loans Help Fund Renovations?
Not directly, but they can help make your next deal possible. A Bridge loan lets you access equity in your current property to purchase a new investment or second home.
At LendSure Home Loans, our Bridge loan program offers:
- No monthly payments for up to 12 months
- A balloon payment due only after your property sells (or at 6–12 months)
- The ability to make non-contingent offers, no sale contract needed on your current home
- Funds that can be used for renovations, moving expenses, or prepping a property for sale
While a Bridge loan isn’t designed for active renovations (like a Fix and Flip loan), it’s a great tool to unlock liquidity, stay competitive, and make your next project happen sooner.
Which Loan Is Right for Your Renovation Project?
Here’s a simple breakdown based on your goals:
| Your Strategy | Best Loan Option |
| Buy-renovate-sell | Fix and Flip Loan |
| Buy-renovate-hold | Fix and Flip ➡️ DSCR Refinance |
| Tap equity to fund a new project | Bridge Loan |
Fix and Flip loans are still the best option when you need direct funding for renovation projects. DSCR and Bridge loans are supporting tools that can complement your investment property strategy depending on your long-term goals and financial situation.
Why Choose LendSure Home Loans?
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers, ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan.
We’re redefining the mortgage experience one loan at a time. Thanks to our common-sense approach and dedicated lending team, we often say’ yes’ to today’s homeowners and investors.
Ready to explore LendSure Home Loans’ other offerings? Contact us today.
