Allentown flips are mostly rowhomes and twins, with a few larger single-family homes on the West End. Buyers from across the Lehigh Valley keep demand up, and the city's rental inspection program shapes the hold option.
In short: For Allentown, PA investors, LendingStreet stands out as the top pick: loans from $150,000 to $5M+, up to 90% of cost, up to 100% of rehab on some programs, and closings in as little as 10 days, plus a DSCR refinance when holding beats selling. In Allentown, where rowhomes and twins can work as flips or rentals, that flexibility matters.
Our top pick is LendingStreet because flippers need speed, leverage and a backup exit, and we offer all three. Fix and flip loans run from $150,000 to $5M+, we can fund up to 100% of rehab on some programs, and the finished property can move into a DSCR rental loan.
It fits Allentown investors buying, renovating and reselling 1-8 unit homes, from first projects with an experienced contractor to repeat flippers running several jobs at once. To get started, send your deal through the form below or call (877) 298-1001.
If you are weighing Dominion Financial, LendingOne, Lima One and RCN Capital for a fix and flip loan for investors in Allentown, PA, 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. |
Allentown's housing stock is old and dense: brick rowhomes and twins near Center City and the East Side, larger homes in the West End, and older neighborhoods on the south side. Investors also work nearby Bethlehem, Easton, Whitehall and Emmaus, where housing is often a bit newer and prices can be higher.
Warehouse, health care and manufacturing jobs across the Lehigh Valley, plus buyers priced out of New Jersey and the Philadelphia suburbs, support both resale demand and rental demand. A twin or small multi-unit can work for either exit.
Rowhomes and twins often need mortar and masonry repair, roof and gutter work, boiler or furnace replacement, updated electrical service and plumbing. Many houses predate 1978, so lead paint rules apply to contractors working on them.
Allentown runs a rental unit registration and inspection program, so if you plan to rent instead of sell, register the unit and schedule the inspection. Permits for the rehab go through the city's building standards office.
Below is a fair comparison of LendingStreet with the lender types common in Allentown. Private individuals also lend on flips, with terms that vary from deal to deal.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Fast closing on competitive deals | Yes, as little as 10 days | Often too slow | Often fast |
| Leverage on cost | Up to 90% LTC | Lower in most cases | Fees and terms vary |
| Rehab budget funded | Up to 100% on some programs | Limited | Varies |
| Refinance into a rental loan | Yes, DSCR loan qualified on rent | May need full income review | Not usually offered |
| Entity borrowers | LLCs are standard | Varies | Usually allowed |
Pennsylvania charges a 1% state realty transfer tax, and local municipalities and school districts add their own share, so the combined rate is higher than in many states. Who pays it is negotiated in the sale contract. Ask your title company for the combined figure in Allentown on both your purchase and your resale.
Property taxes are split between the county, the city and the school district. Pennsylvania winters slow exterior work, so many flippers plan roofs and masonry for warmer months and aim to list in the spring.
Say you buy a brick twin on the West End with original plumbing, an old boiler, a dated kitchen and worn windows. The purchase price is $190,000 and the rehab budget is $55,000, for a total cost of $245,000.
At 90% of cost, the loan is $220,500. It covers the full $55,000 rehab through draws and $165,500 of the purchase, so you bring $24,500 down plus closing costs. Estimated interest-only cost is about $10,600 over 6 months, assuming the rehab is drawn evenly. If the house sells for $310,000 after assumed closing and selling costs, the estimated profit before taxes is about $27,000.
This example is illustrative and not a quote. Your terms, costs and values will differ.
| Item | Amount |
|---|---|
| Purchase price | $190,000 |
| Rehab budget | $55,000 |
| Total project cost | $245,000 |
| Loan at 90% of cost | $220,500 |
| Rehab funded by the loan (100%) | $55,000 |
| Purchase funded by the loan | $165,500 |
| Cash down at purchase | $24,500 |
| Estimated interest-only cost over the hold | $10,600 over 6 months |
| Assumed purchase closing costs (3%) | $5,700 |
| Assumed selling costs (7%) | $21,700 |
| Resale value after repairs | $310,000 |
| Estimated profit before taxes | $27,000 |
If you would rather hold, Allentown twins and small multi-units often rent well. A finished property can refinance into a DSCR rental loan based on its rent, and 2-4 unit buildings qualify on the combined rent of all units.
A DSCR refinance with LendingStreet uses the property's rent to qualify, allows cash-out up to 75% LTV, requires a 620 minimum credit score and offers 30-year terms. Seasoning rules vary by program, so ask early.
Ask every lender the same questions so you can compare offers fairly:
LendingStreet answers them this way: up to 90% of cost, up to 100% of rehab on some programs, closings in as little as 10 days, inspection-based draws, LLC borrowing, a 1.0x standard DSCR minimum on the refinance with sub-1.0 programs available, seasoning that varies by program, and loans from $150,000 to $5M+.
Share your deal with the form below, including the rehab scope and your exit plan, or call (877) 298-1001. We will review it and get back to you quickly.
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 Allentown, across Pennsylvania 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.
It is set by the sale contract. Pennsylvania's 1% state tax plus local shares make the combined rate meaningful, so price it into both your purchase and your resale.
Yes. Allentown runs a rental unit registration and inspection program. If you plan to rent after the rehab, register the unit and confirm current requirements with the city.
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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