Effective November 2025 the programs have changed and improved to those listed below

Program 1: 100% Financing Options for Fix and Flip – 3 Flips Minimum

This program requires no minimum credit score and no minimum experience and will fund 100% of purchase and 100% of rehab up to 70% ARV.

• Minimum Loan Amount:            $100,000
• Maximum Loan Amount:            $500,000
• Experience:                                     No Minimum
• Credit:                                              No Minimum
• Max Loan:                                       70% ARV
• Term                                                 6 Months
• Liquidity:                                         Closing Costs, plus 10% of Rehab Budget, plus 6 months interest payments
• Time to Close                                  1 to 2 weeks / Hybrid Appraisal
• Available States:                            CO, GA, FL, NC, OH, TX- No Rural

Program 2: 100% Financing Options for Fix and Flip – No Experience Required

This program requires no experience but will fund up to 75% ARV with 700 credit score and acceptable experience.

• Minimum Loan Amount:            $100,000
• Maximum Loan Amount:            $1,250,000
• Experience:                                     No Minimum
• Credit:                                              Minimum 650
• Max Loan:                                       650 Credit Score = 65% ARV / 700 Credit Score = 70% ARV / 700 Credit Score + experience = 75% ARV
• Term                                                 9 Months
• Liquidity:                                         Closing Costs, plus 25% of Rehab Budget
• Time to Close                                  2 to 3 weeks / Appraisal
• Available States:                            AL, CT, DE, FL, GA, IN, KY, MA, MD, MO, NJ, NC, OH, PA, SC, TN, TX, and VA – No Rural

Program 3: 100% Financing Options for Fix and Flip – 5 Flips Minimum in last 5 years

This program requires no minimum credit score and no minimum experience and will fund 100% of purchase and 100% of rehab up to 70% ARV.

• Minimum Loan Amount:            $100,000
• Maximum Loan Amount:            $1,000,000
• Experience:                                     5 in the last 5 years
• Credit:                                              700
• Max Loan:                                       70% ARV
• Term                                                 6 Months
• Liquidity:                                         Closing Costs, plus 10% of Rehab Budget, plus 6 months interest payments
• Time to Close                                  5 to 7 business days No Appraisal
• Available States:                            Nationwide Except CA, AZ, MN, NV, OR,UT, VT, ND, SD – No Rural
• Light Rehab Only                          No Medium or Heavy Rehab

Program 4: 100% Financing Options for Fix and Flip –  Gap Funding Options

This program the funding for down payment and closing costs can be funded through our Gap Funding Options.  Minimum Credit Score 680. Payments Rolled into the loan with no liquidity requirement.

• Minimum Loan Amount:            $100,000
• Maximum Loan Amount:            $4,000,000
• Experience:                                     No Minimum   Rate, Points and Term based on experience
• Credit:                                              620 – based on experience  620 – 5+ Experience otherwise 660 – Gap Funding 680+ depending on credit profile and income verification
• Max Loan:                                       75% ARV
• Term                                                 12 – 18 Months
• Liquidity:                                         None required
• Gap Funding                                   Business or Personal Term Loans (approval Based on credit profile and income) or 0% interest financing  Hybrid lines-                                                                           (Approval based on credit profile only)
• Time to Close                                  2 to 3 weeks / Appraisal
• Available States:                            Nationwide Except CA, AZ, MN, NV, OR,UT, VT, ND, SD – No Rural

Gap Funding: The buyer will get financing for the down payment and maybe even closing costs from a separate source.  FBC Funding has partnered with companies to offer o% funding card stacking and or term loans to facilitate Gap Funding. To qualify for the 0% Funding programs borrower should have at least a 680 credit score (preferably 720 or higher) but the approvals are based on credit profile not just the credit score. These programs require no income verification and borrower receives prequalification in 5 minutes or less. The term loans do require income verification and borrowers need a minimum credit score of 650 for these programs. Click here for free prequalification for Gap Funding.

Program 5: 100% Financing Options for Fix and Flip – Seller Second Mortgage

This program requires no experience but will fund up to 75% ARV with the seller carrying a second mortgage for the down payment. Rural Properties Considered

• Minimum Loan Amount:            $100,000 (Minimum Purchase Price $85,000)
• Maximum Loan Amount:            $1,500,000
• Experience:                                     No Minimum Higher LTV with Higher credit score
• Credit:                                              Minimum 640
• Max Loan:                                       75% ARV
• Term                                                 12 Months
• Liquidity:                                         Closing Costs, plus 3 monthly payments
• Time to Close                                  2 to 3 weeks / Appraisal
• Available States:                            Nationwide Except CA, AZ, MN, NV, OR,UT, VT, ND, SD

Seller Second Mortgage: The seller agrees to accept a second mortgage on the property for the down payment.

Program 6: 100% Financing Options for Fix and Flip – Gift of Equity

This program requires no experience but will fund up to 75% ARV with the seller giving a gift of equity for down payment. Rural Properties Considered

• Minimum Loan Amount:            $100,000 (Minimum Purchase Price $85,000)
• Maximum Loan Amount:            $1,500,000
• Experience:                                     No Minimum Higher LTV with Higher credit score
• Credit:                                              Minimum 640
• Max Loan:                                       75% ARV
• Term                                                 12 Months
• Liquidity:                                         Closing Costs, plus 3 monthly payments
• Time to Close                                  2 to 3 weeks / Appraisal
• Available States:                            Nationwide Except CA, AZ, MN, NV, OR,UT, VT, ND, SD

Gift of Equity: the seller agrees to sell the property for less than the current value. The seller agrees to give you the difference in equity. For example the current property value is $150,000. The seller wants $100,000. They sell it to you for $150,000 and gift you $50,000 with the balance of $100,000 coming from the loan. For the buyer this equates to 100% financing.

To apply click here 

For more information

call: 888-848-3114

email: louisj@fbcfunding.com

Click here to schedule a Free Loan Consultation

The post Five 100% Financing Options for Fix and Flip appeared first on FBC Funding.

100% Fix and Flip Financing

We offer a few 100% fix and flip financing options. Most programs require great credit plus a lot of recent experience in flipping residential houses. If you are looking for 100% fix and flip financing you may qualify for the seller second mortgage program. Instead of you paying a down payment the seller can carry a second mortgage that will be paid off monthly or when you sell / refinance the property. There are many benefits to the seller second mortgage fix and flip program, including 100% financing and lower monthly payments.

Seller Second Mortgage

We have been asked many times will you allow a seller to carry a seller second mortgage on fix and flip financing and the answer has always been no. Now we can. A Seller Second is when the seller will sell you a property and instead of receiving full payment at closing they will allow the borrower tho sign a note for the balance owed to them. For example, if the purchase price is $100,000 yet the borrower can only come p with $80,000 (either as cash, financing or a combination of the two) then the balance due is $20,000. The buyer would sign a note for the $20,000 which would be subordinate to any purchase financing secured. The $20,000 is then repaid either by monthly payments, a balloon payment due at a specified time or both monthly payments with a balloon payment due at a specified time. This allows the buyer to have little or no money for down payment. The borrower may have funds but choose not to use them and thereby leveraging their money to do multiple deals.

This is a great option but most lenders do not allow it. Most lenders requires the buyer to have skin in the game. The risk to them are much greater when the buyer is not investing cash into the development project. We now offer this program in 16 States.

Guidelines for Seller Second Mortgage for Fix and Flip

• Minimum Credit Score: 600 – no bankruptcies or forecloses in the last 2 years
• Minimum Experience: 1 flip in the last 2 years
• Minimum Cash in Bank: $15,000 – regardless of loan size
• Minimum Loan: $100,000 including purchase and rehab
• Maximum Loan Amount: $1,000,000 including purchase and rehab
• Maximum Loan Amount: Can not exceed 70% of After Repair Value for borrowers
• Maximum Rehab: The rehab amount can not exceed the base loan amount
• States where Program is Available: Colorado, Connecticut, Florida, Georgia, Illinois* (only borrowers who have completed 10 flips in the last 2 years), Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Massachusetts.

Seller Second Mortgage Fix and Flip Program Terms

• LTV: 85% to 90% of Purchase Price – 100% of Rehab costs
• ARV: Up to 75% with 4 flips or more in the last 2 years. 70% between 1 – 3 flips in the last 2 years
• Rate:  8% – 13% depending of LTV and Experience
• Origination Fee: 2% to 4.5% depending on loan amount
• Term: 12 Months

Call 888-407-6767 to review your project for the many fix and flip programs and options.

or email louisj@fbcfunding.com

The post Seller Second Mortgage Fix & Flip -100% Financing appeared first on FBC Funding.