What is the main difference between a fix and flip loan and a traditional mortgage?

Fix and flip loans are short-term loans used to purchase, renovate, and quickly resell investment properties. Traditional mortgages are long-term loans used to buy and occupy a home or hold it as a rental.

How fast can I get approved for a fix and flip loan?

Fix and flip loans can be approved in as little as 24–48 hours, while traditional mortgages typically take 3–6 weeks.

Do fix and flip loans cover renovation costs?

Yes, fix and flip loans often include both the purchase price and renovation costs. Traditional mortgages generally do not cover renovations.

Are fix and flip loans easier to qualify for than traditional mortgages?

Fix and flip loans usually have more flexible credit requirements than traditional mortgages, making them more accessible for new investors.

Who should use a fix and flip loan?

Fix and flip loans are ideal for real estate investors—including first-time flippers—who want to buy undervalued or distressed properties, renovate, and sell them quickly.

Can I use a traditional loan to flip a property?

Traditional loans are not designed for quick resales or major renovations. They typically require properties to be in move-in-ready condition and come with longer approval times.

What Are Fix and Flip Loans?

Fix and flip loans are short-term, real estate investment loans designed to help you purchase, renovate, and resell properties for a profit. They’re perfect for first-time flippers who are ready to turn distressed homes into valuable real estate, without waiting weeks for bank approvals.

Prime Plus Mortgages makes it easy for new investors in Arizona to get funded fast!

Apply Now

Fix and Flip Loans Explained

If you’re new to real estate investing, here’s how fix and flip loans work:

Short-Term Funding: Loan terms typically range from 6–12 months
Covers Renovations: Includes financing for both purchase price and rehab costs
Investment Focused: Designed for buying undervalued homes, renovating them, and selling for profit
Fast Closings: Skip traditional bank delays—get funded in as little as 24 hours
Arizona-Based Lending: We only fund properties located in Arizona

Fix and Flip Loans vs. Traditional Loans

Feature	Fix and Flip Loan	Traditional Mortgage
Purpose	Buy, renovate, resell	Buy and live or hold long-term
Approval Time	24–48 hours	3–6 weeks
Renovations Covered	Yes	No
Credit Requirements	Flexible	Strict
Ideal For	Investors (beginners included)	Homeowners
Property Condition	Distressed or undervalued	Move-in ready

How Fix and Flip Loans Work

FIND A PROPERTY

Look for homes in Arizona that need cosmetic or structural improvements.

GET FUNDED FAST

Apply online and receive approval—often in 24 hours.

RENOVATE & SELL

Use the loan to complete renovations, list the property, and sell for a return.

Why First-Time Flippers Choose Fix and Flip Loans

No Prior Experience Needed – We work with beginners every day
Covers Rehab Costs – Finance your purchase and improvements
Speed Matters – Our funding process is fast so you can act on deals quickly
Local Advantage – We know the Arizona market inside and out

Reviews From Arizona Investors

    
 
 
         
   Brian P 
 
 
 
 Trustindex verifies that the original source of the review is Google. I’m giving them 5 stars before I apply for a loan . 💵 helps.
  
 
        
   viryriana mancillas 
 
 
 
 Trustindex verifies that the original source of the review is Google. Very grateful with Bob and the team from Prime Plus Mortgage, so helpful and I appreciate the patience they have. We are very satisfied and looking forward to working with Bob and the team with more loans in the future.
  
 
        
   nancy montano 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bob was really knowledgeable and great throughout the entire process, everything was done very quickly and we were able to successfully close on this investment property thanks to his wonderful team! I recommend working with them 1000%
  
 
        
   Britany Statt 
 
 
 
 Trustindex verifies that the original source of the review is Google. Prime Plus really helped me in a bind. My usual hard money lender was unable to close with the date I needed. I reached out to Prime Plus and they were able to make it happen. Very friendly, easy to apply, great rates. I will definitely be using them again!
  
 
        
   Kyle Gaughen 
 
 
 
 Trustindex verifies that the original source of the review is Google. Easy to do business with and minimal fees with good terms!
  
 
        
   Junior Villagomez 
 
 
 
 Trustindex verifies that the original source of the review is Google. Awesome experience! Turnaround was fast easy and smooth! Appreciate the transparency! The beginning of something big!
  
 
        
   Matt Thompson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Highly recommend Prime Plus for a hard money loan! Bob and his team are very easy to work with and helped get my first flip funded.
  
 
        
   Bobby Agron 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bob came in and saved the day.  After losing a deal from another lender we were able to have Prime Plus in 48 hours put the entire thing together and fund on time.  Plus the fees and deal itself saved us more money in the end also!  Thanks Bob.  See you on the next deal.
  
 
        
   Rachel Barley 
 
 
 
 Trustindex verifies that the original source of the review is Google. We were in a bind with our lender and Bob worked nothing less than what I can call magic to get us closed in 72 hours. Highly recommended, extremely professional and responsive. I could not give any higher praise to Bob and his team.
  
 
        
   Norma Lopez 
 
 
 
 Trustindex verifies that the original source of the review is Google. super easy and everyone was very helpful throughout the process