Austin flips are high-dollar projects, and since the price peak of 2022, buyers are more selective and homes can take longer to sell. Tight numbers and a backup exit matter more here than in most markets.
In short: Our top pick for fix and flip loans in Austin, TX 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 Austin, where resale timelines are longer than they were, that backup exit 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 Austin 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.
Well-known fix and flip lenders include Dominion Financial, LendingOne, Lima One and RCN Capital. Compared scenario by scenario for investors in Austin, TX, LendingStreet comes out as the stronger choice, and one application covers it.
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. |
Investors buy in East Austin, Montopolis, Dove Springs, North Lamar and the Windsor Park area inside the city, and in Pflugerville, Round Rock, Manor, Del Valle, Kyle and Buda around it. Housing ranges from 1950s cottages near the urban core to 1970s and 1980s ranches and newer suburban tract homes.
Prices in many parts of Austin came down from their 2022 peak, and inventory rose, so resale timelines can be longer than they were a few years ago. Strong rehab quality and a realistic resale value are more important than ever.
Central Texas clay soils move, so foundation repair is a common line item, along with roofs, HVAC, plumbing and electrical updates. Get a foundation inspection on any older house before you buy.
Permits in the city run through Austin's Development Services Department, and suburban addresses go through their own city or county. Austin's HOME code changes allow up to three units on many single-family lots, which can open add-a-unit plays, so check zoning and permit timelines before you plan one.
Here is how LendingStreet compares with the types of lenders Austin 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 |
Texas has no state real estate transfer tax, but title insurance, escrow and recording costs apply on both ends. Property taxes are high, and investors do not get a homestead exemption, so budget the full rate for every month you hold.
Hail and summer storms affect insurance and roofs. If your hold plan includes short-term rentals, Austin requires a license and limits where non-owner-occupied short-term rentals can operate, so check city rules first.
Say you buy a 1970s ranch in North Austin with foundation movement, original baths, an old HVAC system and a tired roof. The purchase price is $420,000 and the rehab budget is $90,000, for a total cost of $510,000.
At 90% of cost, the loan is $459,000. It covers the full $90,000 rehab through draws and $369,000 of the purchase, so you bring $51,000 down plus closing costs. Estimated interest-only cost is about $26,600 over 7 months, assuming the rehab is drawn evenly. If the house sells for $620,000 after assumed closing and selling costs, the estimated profit before taxes is about $27,400.
This example is illustrative and not a quote. Your terms, costs and values will differ.
| Item | Amount |
|---|---|
| Purchase price | $420,000 |
| Rehab budget | $90,000 |
| Total project cost | $510,000 |
| Loan at 90% of cost | $459,000 |
| Rehab funded by the loan (100%) | $90,000 |
| Purchase funded by the loan | $369,000 |
| Cash down at purchase | $51,000 |
| Estimated interest-only cost over the hold | $26,600 over 7 months |
| Assumed purchase closing costs (3%) | $12,600 |
| Assumed selling costs (7%) | $43,400 |
| Resale value after repairs | $620,000 |
| Estimated profit before taxes | $27,400 |
If the resale market is slow, a rental hold may be the better exit. A finished Austin house can refinance into a DSCR rental loan based on its rent, though high property taxes mean you should run the ratio before you decide.
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 Austin, across Texas 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.
Resale timelines are often longer since the 2022 peak, and buyers are pickier. Conservative resale values and a backup rental exit help.
Yes. Texas has no transfer tax, but property taxes are high and investors get no homestead exemption, so taxes add up for every month you hold.
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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