Fix & Flip Loans in Fort Lauderdale, Florida - Fast Financing for Real Estate Investors
Fort Lauderdale homebuyers seeking fix and flip loans florida benefit from working with a local mortgage expert who understands Broward County's unique real estate market. With a median home price of $$535,000 and neighborhoods like Las Olas, Victoria Park, Coral Ridge, Fort Lauderdale offers diverse homebuying opportunities.
Why Choose Fix and in Fort Lauderdale?
Fort Lauderdale's real estate market in Broward County offers unique opportunities for homebuyers. With a median home price of $$535,000, our fix and flip loans florida programs help make homeownership accessible.
- Fast approval and funding (7-14 days typical) - approval and funding (7-14 days typical)
- Short-term loans (6-24 months) - loans (6-24 months)
- Finance both purchase and rehabilitation costs - both purchase and rehabilitation costs
- Interest-only payment options - payment options
- No seasoning requirements - seasoning requirements
- Experience with Florida flip market - with Florida flip market
Fix and Requirements in Fort Lauderdale
Understanding eligibility requirements helps Fort Lauderdale homebuyers prepare for success. Here's what you need to qualify in Broward County:
| Requirement | Details | |-------------|---------| | Min Credit Score | 620-650+ (varies by lender) | | Down Payment | 10-30% of purchase price plus rehab budget | | Max L T V | 70-75% of after-repair value (ARV) | | Property Type | Single-family, multi-family, condos (limited) | | Experience | Some lenders require flip experience |
These requirements apply to Fort Lauderdale and throughout Broward County. Your individual situation may qualify for exceptions or special programs.
Required Documents for Fort Lauderdale Homebuyers
When applying for fix and flip loans florida in Fort Lauderdale, you'll need to provide:
- Purchase contract or property details
- Detailed rehab budget and scope of work
- Contractor estimates or bids
- After-repair value (ARV) estimate or appraisal
- Personal financial statements
- Proof of funds for down payment
- Exit strategy documentation
- Photo identification
Fort Lauderdale Fix Loan Timeline
Here's what to expect when getting fix and flip loans florida in Fort Lauderdale:
| Stage | Timeline | |-------|----------| | Pre Qualification | 24-48 hours | | Approval | 3-7 days | | Closing | 7-14 days | | Loan Term | 6-24 months |
Timeline may vary for Fort Lauderdale properties based on market conditions in Broward County. We work efficiently to meet your deadlines.
Current Fix Rates in Fort Lauderdale
Typical Rate Range: 8.0% - 12.0% APRFix & flip rates are higher due to short-term nature and higher risk. Rates vary by credit, experience, and property condition.
Fort Lauderdale homebuyers should contact us for current rates specific to their situation in Broward County. Rates change daily based on market conditions.
Fort Lauderdale Real Estate Market Insights
Market Overview: - Median Home Price: $$535,000 - County: Broward County - Population: 182,760 - Popular Neighborhoods: Las Olas, Victoria Park, Coral Ridge, Harbor Beach, Rio Vista Market Characteristics: Waterfront living with canals, beaches, and yacht access. Strong luxury market and rental property demand.Our local expertise in Fort Lauderdale and Broward County helps you navigate the market and secure the best fix and flip loans florida terms for your situation.
NMLS & Licensing Information
Louis Doherty NMLS #60093 | Edge Home Finance Corporation NMLS #891464
Licensed mortgage loan officer serving Fort Lauderdale, Broward County, and all of Florida. Equal Housing Opportunity Lender.
All loans subject to underwriting approval. Rates, fees, and programs subject to change. This is not a commitment to lend.