Estimate only. This is not a loan offer, rate quote, commitment to lend or approval. The figures you enter are your own assumptions. Lender rules, credit, the appraisal, the rent the lender accepts and the property decide what you may qualify for. Programs vary by borrower, property and investor.
How this estimate works
Hard money and fix-and-flip lenders look at a project through two lenses: how much of the total cost (purchase plus rehab) the loan covers, and how the loan compares with what the property should be worth after the work is done. Many fund the rehab portion in draws after inspections rather than at closing. This calculator uses the loan amount you are discussing so you can see both ratios and the cash the deal needs from you before costs and holding expenses. Each lender sets its own limits.
What moves the number
- The appraiser's after-repair value, which may differ from yours
- Your experience and track record with similar projects
- How detailed and realistic the scope of work and contractor bids are
- Whether the purchase needs a fast close
- The exit plan: a sale or a refinance into a longer-term loan
A licensed loan officer can review your situation. Programs vary by borrower, property and investor.
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Learn more: Hard Money Lenders · All calculators