STANDARD BRIDGE LOANS

Bridge loans made simple, for everyone

LendingHome offers bridge loans to fund fix-and-flip projects—regardless of your flipping experience.

See Your Personalized Rate See Your Personalized Rate
Start your path to financial independence with LendingHome. We help thousands of new flippers gain access to reliable funding for their fix-and-flip projects.
Our terms make flipping a house an attainable goal
Close a loan in 5-15 days
Up to 85% of the purchase price funded
Up to 100% rehab costs funded
Can borrow up to $1 million3
Interest rates as low as 7.75% w/o rehab
Interest rates as low as 8.25% with rehab
3Borrowers flipping in California can borrow up to $1 million and in the other states we support, borrowers can get funding for up to $600,000.
Get started in a few easy steps
We do not require an application fee and we make it our business to help close your loan on time. We mean it when we say we make it simple. Remember, once you get the ball rolling, you are eligible for funding on up to two projects at a time!
01. Calculate your deal
Use our deal calculator to help determine your exact loan terms according to the property you are looking to flip.
02. Submit your deal
Submit your deal for review by a LendingHome team member who will run through your numbers to help set you up for success.
03. Receive Funds
Lock in your funding and begin your house flip!
When I started my first deal with LendingHome I was shocked at how quickly and easily everything went. The website is easy to use and the process is 10 times faster than that of any regular lending company. I appreciate that I can log onto my account, see what I have uploaded, what’s needed—and that’s really, really easy.
CATHY G.

Standard Bridge Loans FAQ

What states do you provide bridge loans in/lend in?

Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Kentucky, Massachusetts, Maryland, Michigan, Minnesota, Missouri, North Carolina, New Jersey, Nevada, New York, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia.

What documents do you require to get started?

Business entity docs (if applicable), voided check, and scope of work (if holdback is requested).

What are your terms/rates?

Our interest rates start at 7.5% with interest-only payments and 12-month term loans.

How long does it take to close?

On average, it takes 12-15 business days from receiving a completed application to close.

How much money do I need to get started? What leverage do you provide?

Based on the borrower’s credit score, we can offer up to 85% of the purchase price and require as little as 15% down payment. The amount of cash-to-close that is needed for the transaction is based on deal size and state. Click here to price out your next deal.

Do I need an entity to purchase a home or can I purchase as an individual?

We only lend to entities in the following states: Florida, Minnesota, Ohio, Virginia, and New Jersey. Individuals can take out loans in all states we lend in.

Will I qualify for your loans?

You can find out in just three minutes. Begin by answering a few short questions, and we’ll give you estimated rates. If anything you told us keeps you from qualifying, we’ll let you know exactly what it is.

How will I know the status of my application?

We’ve designed your borrower dashboard so there are no surprises: when we know something, you know too. Watch your loan as it goes through our process flow. See pending information requests, complete your borrower checklist, upload documents directly, message your team of loan specialists, and more.

Are rehab loans fully funded at closing?

LendingHome keeps rehab funds as a holdback. These funds are held in escrow until after the work has been completed and proof of the work has been submitted. The funds are earmarked for the borrower, but not released until the work has been confirmed, at which point a draw is done.

What is your draw process like?

You can choose to obtain your draw in one of two ways. You can either take out small chunks as the rehab is completed or wait until the entire rehab is complete, when you would make one drawdown for the full amount of the project. Draw fees vary between $175 and $199 for each draw.

The process for obtaining a draw is simple: make a request in your borrower dashboard and drag and drop your photos, receipts, and other proof of work. We’ll review your submission promptly, and the funds will be released within 3 to 5 business days from the time of the review.

2019 Fintech Breakthrough Award
Best Digital Mortgage Product
2019 Forbes Fintech 50
Forbes Fintech 50
2019 HousingWire
2019 HW Tech100 Winner