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!
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
Our 3-Step Funding Process
1
Apply Online
2
Get Approved
3
Get Funded
”"Fix and flip loans open the door to real estate investing, even if you're just starting out. The key is speed, strategy, and local support."
— Loren Howard, Founder, Prime Plus Mortgages
Basic Loan Requirements
To qualify, you’ll need:
- A property under contract or ready to close
- A renovation budget and timeline
- A basic plan to sell or refinance the property
- Fair or better credit (no perfect credit needed!)
Real Projects Funded in Arizona
Ready to Flip Your First Property?
Prime Plus Mortgages specializes in helping beginners get started.
Let us guide you through your first project with local expertise and fast funding.
Frequently Asked Questions
What is a fix and flip loan?
A short-term loan used to buy and renovate a property, then sell it for profit.
Do I need experience to qualify?
No—many of our clients are first-time flippers.
How fast can I get approved?
In as little as 24 hours after application.
What properties qualify?
Single-family, townhomes, condos, and small multi-family in Arizona.
Will the loan cover renovation costs?
Yes—most fix and flip loans include both purchase and rehab financing.
