House flipping is one of the most profitable strategies in real estate investing. But just as important as finding the right property and managing renovations is understanding your loan term length. The term length of your Fix and Flip loan can directly affect your project timeline, profitability, and financing flexibility.
So, what’s the typical term length for a Fix and Flip loan—and how do you know if it’s the right fit for your project?
👉 If you’re ready to get started, apply here: Fix & Flip Loans by Truss Financial Group
Why Term Length Matters in a Fix and Flip Loan
The term of your loan is more than just a number. It determines:
- How long you have to complete renovations and sell the property.
- How much interest you’ll pay over the life of the loan.
- How flexible your exit strategy can be.
- Whether you’ll need an extension.
A short loan term can save money on financing but creates pressure to finish fast. A longer loan term offers breathing room but may increase overall costs if you don’t complete the project quickly.
What’s the Typical Term Length for a Fix and Flip Loan?
Most Fix and Flip loans range between 6 and 18 months.
- 6–9 Months: Best for investors handling light renovations or cosmetic rehabs. These projects are often quick flips where speed is the priority.
- 12 Months: The most common loan term. It offers a balance of time and cost efficiency for standard renovation projects.
- 18 Months: Ideal for more complex projects that require permits, major renovations, or unexpected delays.
This range ensures investors have the flexibility to tackle different levels of projects without being locked into unrealistic timelines.
How Long Does It Take to Get Approved?
Approval times are designed to be fast so you can act quickly on opportunities. With Truss Financial Group, most investors receive approval within 7–10 business days. This speed allows you to secure a property before another investor swoops in.
What If You Need More Time?
Even with careful planning, projects don’t always go as expected. The good news is that Fix and Flip loans often allow for extensions.
- Contact your lender in advance—don’t wait until the loan expires.
- Show progress and provide an updated exit strategy.
- Extensions are usually granted in 3–6 month increments depending on your loan.
👉 Need more flexibility? Learn about Fix & Flip loan terms at Truss Financial Group.
Loan Benefits Beyond Term Length
At Truss Financial Group, Fix & Flip loans are built for investors who need speed and flexibility:
- Fast Approval: Close in days, not months.
- Flexible Terms: Customize repayment to match your project’s needs.
- Covers Purchase & Renovations: One loan funds both acquisition and rehab.
- High Approval Rates: In 2024, Truss said “Yes” to 81% of applicants compared to traditional banks who deny nearly half.
- No Documents Required to Apply: Get started with no credit impact and no commitment.
Eligibility Requirements
To qualify for a Fix & Flip loan, you’ll need:
- A minimum credit score of 620
- Property must be non-owner-occupied
- A renovation plan with detailed budget
- Experience preferred but not required
- Minimum loan amount of $100,000
- Proof of financial stability and ability to repay
- No bankruptcy filings within the past 2 years
Rates and Terms
Rates are competitive and vary based on your credit score, experience, and project specifics. Reach out for a personalized quote today.
Best Practices for Matching Term Length to Your Project
- For quick flips: Choose 6–9 months if renovations are light and straightforward.
- For average flips: 12 months is ideal for most investors.
- For complex flips: 18 months offers extra time for major work or slow market conditions.
- Plan ahead for delays: If your project involves permits, add buffer time.
- Always communicate with your lender early if your project is running long.
Frequently Asked Questions
What’s the typical Fix and Flip loan term?
Most loans range from 6–18 months.
Can I extend the term if my project runs long?
Yes. Extensions are available if you contact your lender in advance.
Do Fix and Flip loans cover renovation costs?
Yes, they cover both purchase and rehab expenses.
How fast can I get approved?
Most approvals happen in 7–10 business days.
Conclusion: Term Lengths Are Built for Flexibility
The typical Fix and Flip loan term ranges from 6–18 months, giving investors enough flexibility to take on everything from cosmetic rehabs to full property overhauls. With fast approval times, extension options, and competitive rates, Fix & Flip loans provide the breathing room you need to succeed in today’s real estate market.
👉 Start your application today: Fix & Flip Loans from Truss Financial Group