El Paso flips are mostly brick and stucco ranch homes with a steady buyer pool tied to Fort Bliss, the university and cross-border trade. The deals are modest in size, so leverage and a quick close carry a lot of weight.
In short: Our top pick for fix and flip loans in El Paso, TX is LendingStreet, for leverage up to 90% of cost and up to 100% of rehab on some programs, closings in as little as 10 days, and a path to refinance a finished El Paso home into a DSCR rental loan instead of selling. We lend on 1 to 8 unit residential investment property from $150,000 to $5M+, LLC borrowers are standard, and you can get a quote with the form below or call (877) 298-1001.
LendingStreet is an investor lender built for flippers. Our fix and flip loans run from $150,000 to $5M+ on 1 to 8 unit residential investment property, with up to 90% of cost and up to 100% of rehab on some programs. Loans are short-term and interest-only, and we can close in as little as 10 days.
We fit El Paso investors who buy, renovate and resell, and investors who want the option to keep a finished home as a rental. Because we also make DSCR rental loans, you can refinance a finished property with the same team instead of starting over with a new lender.
The next step is simple: get a quote with the form below, or call (877) 298-1001 to talk through a El Paso deal.
Investors searching for fix and flip lenders often compare national names like Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in El Paso, TX. In every scenario below, LendingStreet is the best fit.
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. |
Flips in El Paso cluster in the Northeast near Fort Bliss, the fast-growing Eastside, Central El Paso, the Lower Valley and the Westside. Older central neighborhoods such as Kern Place, Sunset Heights and Manhattan Heights have character homes that support higher-end projects. Horizon City, Socorro and Canutillo add newer suburban housing.
Fort Bliss, UTEP, the medical center and trade-related employers keep demand steady. Military buyers relocating on orders are a big part of the resale market, especially near the post.
Flippers in El Paso usually choose between a local bank or credit union, a local hard money lender, a private individual lender and an investor lender like LendingStreet. Each has a place. Here is how they tend to compare on what matters for a flip.
Banks can be a fit for borrowers with strong tax returns and time to wait. Private lenders can be flexible, but terms depend on the person. LendingStreet aims to combine hard money style speed with higher leverage and a long-term rental option.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Leverage | Up to 90% of cost, up to 100% of rehab on some programs | Often lower; more cash down is common | Varies by lender |
| Closing speed | As little as 10 days | Often several weeks | Often fast |
| How you qualify | Deal-focused; no W-2s needed; LLC borrowers standard | Often requires tax returns and personal income | Mostly based on the property |
| Rehab funding | Draws after inspections | Varies; some do not fund rehab | Varies; fees and terms vary |
| Loan size | $150,000 to $5M+ | Varies | Varies |
| Long-term option | Refinance into a DSCR rental loan with the same lender | Possible, usually with full income documents | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local footprint | Usually local or regional |
Much of El Paso's housing is 1950s to 1980s brick and stucco ranch homes, many with flat or low-slope roofs. Roofs, stucco repair, block walls and cooling are common budget items. Many older homes still use evaporative coolers, and buyers increasingly expect refrigerated air, which can be a meaningful upgrade cost.
Permits run through the City of El Paso. Historic districts such as Sunset Heights and Manhattan Heights have design review for exterior work. Summer monsoon storms can cause local flooding in some areas, so check the FEMA flood map and drainage on the lot.
This example is illustrative and not a quote. An investor buys a Northeast El Paso ranch for $175,000 with a $55,000 rehab budget, for a total project cost of $230,000. Buying closing costs are about $3,500, and holding costs for taxes, insurance and utilities are about $650 a month.
The loan covers 80% of the purchase price plus 100% of the rehab: $195,000, or about 84.8% of total cost. Once fully drawn, the estimated interest-only payment is about $1,747 a month. To stay conservative, the example assumes the full balance is outstanding for all 5 months, for about $8,734 of interest and $3,250 of holding costs.
The home sells for $295,000. Selling costs, budgeted at 7% of the price for commissions, closing costs and any transfer tax, are about $20,650. That leaves an estimated profit of about $28,866 before income taxes, on about $50,484 of the investor's own cash.
| Item | Amount |
|---|---|
| Purchase price | $175,000 |
| Rehab budget | $55,000 |
| Total project cost | $230,000 |
| Loan (80% of price + 100% of rehab) | $195,000 |
| Loan-to-cost | About 84.8% |
| Estimated interest-only payment | $1,747 a month |
| Interest over 5 months | $8,734 |
| Holding costs over 5 months | $3,250 |
| Buying closing costs | $3,500 |
| Sale price (after-repair value) | $295,000 |
| Selling costs (7%) | $20,650 |
| Estimated profit before income taxes | $28,866 |
| Investor cash in the deal | $50,484 |
Texas has no state transfer tax and title insurance premiums are set by the state. Property taxes are the main holding cost. Homes can be taxed by the county, city, school district and other districts, and investors do not get homestead exemptions. Check the El Paso Central Appraisal District record for the address.
A vacant home under renovation usually needs a builder's risk or vacant-property insurance policy, which can cost more than a standard landlord policy.
Many El Paso buyers are military families using VA loans, and VA appraisals check that the home meets minimum property requirements. Finish the work fully and keep permits on file so the appraisal goes smoothly. Summer moving season near Fort Bliss is often a strong listing window.
Every flip loan needs an exit. With LendingStreet there are two: sell the home, or refinance it into a 30-year DSCR rental loan that qualifies on the property's rent. DSCR loans start at a 1.0x standard minimum DSCR with a 620 minimum credit score, and rate-and-term refinances go up to 80% LTV on some programs. Seasoning before a refinance varies by program.
Ask every lender the same questions so you can compare offers fairly. Here is how LendingStreet answers each one.
Ready to compare? Send your El Paso deal through the quote form below, or call (877) 298-1001.
Our top pick is LendingStreet. We offer up to 90% of cost and up to 100% of rehab on some programs, closings in as little as 10 days and a path into a DSCR rental loan, all with one lender.
Yes. We make fix and flip loans in El Paso and across Texas, and we lend in all 50 states and DC.
They can. VA appraisals check minimum property requirements, so incomplete work or safety issues can delay the sale. Finish the scope fully before you list.
Yes. A finished home can be refinanced into a DSCR loan that qualifies on rent, with no W-2s or tax returns and LLC borrowers allowed.
Fix and flip loans run from $150,000 to $5M+, up to 90% of cost and up to 100% of rehab on some programs. We also review the after-repair value.
Yes. LLC borrowers are standard, and you sign for the loan personally.
No. Our loans are business-purpose loans on non-owner-occupied investment property.
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