Fix & Flip Loans


Since our founding in 1961, MMTC has closed billions of dollars in investor loans.

We pride ourselves on being able to offer closings within 3-5 days, competitive rates, practical underwriting, and will lend on a variety of property types and conditions.

In addition, we do not have debt-to-income ratios, can close in entities or an individual’s name and have the ability to do advances on repair draws.

General Terms

Please note that the structure and pricing of each loan are subject to underwriting and approval. Terms and rates subject to change. 

Fix & Flip Loan

Percentage Lent

Up to 90% of purchase price plus 90% of repairs. This is subject to ‘As-Is’ value being at least equal to the purchase price and loan amount being no more than 70% of the after repair value.


Competitive rates starting at 10%.

This is dependent on the Borrower’s experience, down payment, liquidity credit, rehab amount and the property. 

Origination Fee

Origination fees starting at .75% 

This is dependent on down payment, property and borrower qualifications.

(No origination fee options available with higher rates.)

Loan Term

6 to 9 month loans with automatic 3 to 6 months extensions with extension fee. This is dependent on the Borrower’s experience, down payment, liquidity credit, rehab amount and the property.

 Rates and fees are subject to underwriting and market availability.

Prepayment Penalty

There are no prepayment penalties on our fix-and-flip loans.

Credit Qualification

Subject to some exceptions, the credit score requirement is 620 or higher.  Merchants’ underwriting is generally more investor friendly than traditional, conventional loan underwriting.

Estimated Closing Costs

We do NOT charge for underwriting, document preparation, or application!

  • Appraisal: $650-750 for a Single Unit
  • Processing:$995.00
  • Title Company Closing Fees: $250
  • Recording Fees: $150
  • Title Policy and Endorsements: $575
  • First Year Hazard Insurance Premium and Prepaid Interest: TBD

Rates and fees are subject to underwriting and approval and are subject to change without notice. Closing costs are estimated.

See our fix-and-flip example and application links for more information or to take the next steps.

How do fix & flip loans work?

Merchants Mortgage Fix & Flip loans are designed to facilitate the acquisition and improvement of a residential investment property.  As a potential borrower, below is a rough idea of what to expect, as well as a few details to consider.  We also suggest talking with a Loan Officer to give you insight into your specific situation.  Here are a few noteworthy details:

  • We have the ability to underwrite and close this type of loan within 3-5 days.
  • Up to 90% of purchase price plus 90% of repairs–subject to value being at least the purchase price and loan amount being no more than 70% of the after repair value.
  • Apply using our online loan application and provide the requested documents.

Depending on the specific loan request, the borrower, and the property qualifications, loans may be offered at reduced LTC/LTV ratios. Each loan request is subject to individual underwriting and approval terms are subject to change at any time.

Benefits of a Merchants Fix & Flip Loan

MMTC Staff Loan Experience

MMTC has a seasoned staff of professional loan officers and processors to assist you. We have an accessible and experienced draw department to assist with the improvement escrow draws and complete your draw requests in a timely manner. Many of our executives and employees have been with the company for over a decade.

Property Types

We finance a variety of 1 to 4 unit property types and conditions, including but not limited to: bank owned properties, wholesaled properties, HUD foreclosures, short sales, auctioned properties, and more.

Fast Approvals and Closings

We provide quick pre-approvals (typically within 24 to 48 hours) and quick closings within 3-5 days. Many of our investors have secured and closed on contracts due to our speed which has allowed them to compete against other investor’s that submit “all cash” contracts.

Improvement Funds

We lend not only towards the purchase price of the property, but we also lend a percentage towards the repairs. This means you don’t have to pull out of pocket funds to make all of the repairs.

Borrower Flexibility

Properties may be titled in entities, such as limited liability companies (LLC’s), corporations, or partnerships. No limit on the number of investment properties already owned by the investor. Self-directed IRA loans are available with additional downpayment.

Competitive Pricing

Our rates and fees are more competitive than many fix-and-flip lenders and can provide much better rates than traditional hard money loans.

100% Financing Using Cross Collateral or Down Payment Reserve

If there is sufficient equity in another residential property that you already own, it may be possible to cross-collateralize to cover the down payment. 100% financing is also possible through a Down Payment Reserve Account where the down payment is held by MMTC as separate collateral and the loan is made for 100% of costs.

Ready to get started?

Have an administrative question?

FOR PAYOFFS: [email protected]

FOR BILLING QUESTIONS: [email protected]

FOR REPAIR DRAWS: [email protected]