Akron is a working flip market: older, affordable houses, steady demand from local buyers, and rehab budgets that often decide the deal more than the purchase price. The financing has to keep up with both.
In short: Our top pick for fix and flip loans in Akron, OH is LendingStreet. We fund the purchase and up to 100% of the rehab on some programs, lend up to 90% of cost, and close in as little as 10 days. When the project is done, you can sell or refinance into a DSCR rental loan with the same lender, so you are not stuck if the resale market slows. In Akron, where older homes and rehab budgets drive the numbers, that combination matters.
LendingStreet is an investor lender built for flippers. We fund the purchase and the rehab together, close in as little as 10 days, and offer a clear refinance path into a long-term DSCR rental loan when holding makes more sense than selling. Every loan is a business-purpose loan on non-owner-occupied property.
It fits Akron investors buying, renovating and reselling 1-8 unit homes, from first projects with an experienced contractor to repeat flippers running several jobs at once. Next step: get a quote with the form below, or call (877) 298-1001 to talk through your deal.
If you are weighing Dominion Financial, LendingOne, Lima One and RCN Capital for a fix and flip loan for investors in Akron, OH, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Akron flippers tend to work the older neighborhoods close to the city's job centers and the University of Akron, such as Highland Square, West Akron, North Hill, Kenmore, Ellet and Middlebury, along with nearby suburbs like Cuyahoga Falls, Stow, Tallmadge and Barberton. Many houses date from the early and mid 1900s, when the city grew fast around its manufacturing base.
Entry prices across much of Summit County are modest compared with national numbers, which is why the rehab budget and the after-repair value carry so much weight. Because our loans start at $150,000, the strongest fits are larger projects, heavier rehabs, and deals in the higher-value suburbs where the total cost clears that bar.
Expect the usual old-housing surprises: knob-and-tube or undersized electrical, galvanized plumbing, basement water, old furnaces and lead paint in pre-1978 homes, which brings federal lead-safe work rules into play. Slate or tired asphalt roofs and failing chimneys are common line items too.
Pull permits through the City of Akron or the suburb where the house sits, and budget inspection time into the schedule. Summit County also keeps a residential rental registry, so if you plan to hold the house as a rental after the rehab, register it and confirm any city-level requirements before you lease it.
Here is how LendingStreet compares with the types of lenders Akron flippers usually consider. Private individual lenders are another option; their terms vary widely and depend on the person.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Speed to close | As little as 10 days | Often weeks | Often fast |
| Rehab funding | Up to 100% of rehab on some programs | Often limited for heavy rehab | Varies |
| Leverage | Up to 90% of cost (LTC) | Usually more cash down | Varies by lender |
| Long-term rental option | DSCR refinance with the same lender | Possible, but often needs tax returns | Usually short-term only |
| LLC borrowing | Standard | Varies | Usually allowed |
Ohio counties charge a real property conveyance fee when a deed is recorded, and title, recording and settlement charges come on top. Ask your title company for the exact Summit County figures on your purchase and your resale, since both ends of a flip pay closing costs.
Property taxes are billed in arrears in Ohio, so read the proration on your closing statement carefully. Ohio winters also affect timelines: exterior work, roofing and concrete are easier to schedule from spring through fall, and listing a finished house in the spring market is a common plan.
Say you buy a 1920s two-story colonial in West Akron that needs a new kitchen, two baths, electrical updates and a roof. The purchase price is $140,000 and the rehab budget is $55,000, for a total cost of $195,000.
At 90% of cost, the loan is $175,500. It covers the full $55,000 rehab through draws and $120,500 of the purchase, so you bring $19,500 down plus closing costs. Estimated interest-only cost is about $8,100 over 6 months, assuming the rehab is drawn evenly. If the house sells for $255,000 after assumed closing and selling costs, the estimated profit before taxes is about $29,800.
This example is illustrative and not a quote. Your terms, costs and values will differ.
| Item | Amount |
|---|---|
| Purchase price | $140,000 |
| Rehab budget | $55,000 |
| Total project cost | $195,000 |
| Loan at 90% of cost | $175,500 |
| Rehab funded by the loan (100%) | $55,000 |
| Purchase funded by the loan | $120,500 |
| Cash down at purchase | $19,500 |
| Estimated interest-only cost over the hold | $8,100 over 6 months |
| Assumed purchase closing costs (3%) | $4,200 |
| Assumed selling costs (7%) | $17,800 |
| Resale value after repairs | $255,000 |
| Estimated profit before taxes | $29,800 |
If the resale market softens or the numbers favor holding, Akron's rent levels relative to purchase prices make the refinance path worth running. A finished single-family or duplex can move into a DSCR rental loan that qualifies on the property's rent instead of your personal income.
The bridge-to-DSCR path means you can keep the house without changing lenders. DSCR loans start at $150,000, go up to 75% LTV on cash-out, need a 620 minimum credit score and offer 30-year terms. Seasoning varies by program.
Ask every lender the same questions so you can compare offers fairly:
LendingStreet's answers: up to 90% of cost and up to 100% of rehab on some programs; close in as little as 10 days with draws after inspections; LLC borrowers are standard; refinance into a DSCR loan with a standard 1.0x minimum (sub-1.0 programs exist); seasoning varies by program; and loans run from $150,000 to $5M+, with larger balances reviewed case by case.
Send the address, purchase price, rehab budget and expected resale value through the form below. We will review the deal and come back with terms. Prefer to talk? Call (877) 298-1001.
Our top pick is LendingStreet. We lend up to 90% of cost, fund up to 100% of rehab on some programs, close in as little as 10 days and offer a DSCR refinance if you decide to hold. Get a quote with the form below.
Yes. LendingStreet lends on 1-8 unit investment property in Akron, across Ohio and in all 50 states and DC. Call (877) 298-1001 or use the form below.
LendingStreet can close in as little as 10 days. Having your contract, scope of work and entity documents ready helps.
Up to 100% of rehab on some programs, released through draws after inspections, within an overall limit of up to 90% of total cost.
Some Akron houses are, which is why we fit best on heavier rehabs, duplexes and higher-value areas such as Cuyahoga Falls, Stow and West Akron. Send the address and budget and we will tell you quickly if it works.
Most electrical, plumbing, HVAC, structural and roofing work needs a permit from the City of Akron or the suburb where the house is. Build inspection time into your schedule.
Yes. LendingStreet offers DSCR rental loans that qualify on the property's rent, with 30-year terms and no W-2s or tax returns. Seasoning varies by program.
Experience helps, and terms can depend on it. First-time flippers with an experienced contractor, a clear budget and a realistic exit can still apply.
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