Houston is a huge, spread-out flip market where the flood map can matter as much as the floor plan. From Heights bungalows to suburban ranches, investors need financing that closes fast and covers the rehab.
In short: Our top pick for fix and flip loans in Houston, TX is LendingStreet. We offer up to 90% of cost and up to 100% of rehab on some programs, close in as little as 10 days, and give you a built-in path from a short-term flip loan into a long-term DSCR rental loan. It also fits Harris County, where flood rules, deed restrictions and high property taxes reward investors who plan carefully, close quickly and finance the full scope.
For investors who renovate and resell, LendingStreet offers short-term, interest-only fix and flip loans from $150,000 to $5M+ on 1-8 unit residential investment properties. Some programs cover up to 90% of cost (LTC) and up to 100% of the renovation budget, and we can close in as little as 10 days when the file is ready.
The loan fits Houston flippers buying anything from a single-family house to a small 5-8 unit building, whether it is a first project or the next in a steady pipeline. When the work is done, you can sell, or refinance into a long-term DSCR rental loan with the same team. To start, get a quote with 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 Houston, TX, 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. |
Banks, local hard money lenders and private individuals all fund flips in Houston. The table shows how they generally compare with LendingStreet. Terms at any lender vary, so ask each one directly.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender | Private individual lender |
|---|---|---|---|---|
| Leverage | Up to 90% of cost and up to 100% of rehab on some programs | Often lower; rehab may not be financed | Varies by lender | Varies by deal |
| Speed to close | As little as 10 days | Often several weeks | Often fast | Depends on the individual |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Often focused on smaller loans | Limited by personal funds |
| Borrowing in an LLC | LLC borrowers welcome | Varies; may require personal borrowing | Usually allowed | Varies |
| Long-term option after rehab | Refinance into a DSCR rental loan with the same lender | Separate application, often with tax returns | Usually short-term only, no long-term option | Usually none |
| Where they lend | All 50 states and DC | Usually a local footprint | Usually local or regional | Usually local |
Inside the Loop, the Heights, Montrose, the East End, Second Ward, Third Ward and the Near Northside have older bungalows and cottages with strong resale demand after renovation. Garden Oaks, Oak Forest and Independence Heights are popular for mid-century homes on larger lots.
Outside the Loop, Spring Branch, Sharpstown, Alief and Pasadena offer 1950s through 1970s ranches at lower entry prices, while Pearland, Katy, Spring and Cypress draw buyers who want newer suburban homes. Buyers and finish levels vary a lot across this metro.
Houston has no traditional zoning, but many neighborhoods are governed by deed restrictions that limit what you can build or change, so read them before planning an addition. Parts of the Heights are historic districts, where exterior changes need city approval.
Flooding is the biggest factor. After Hurricane Harvey, the city tightened its floodplain rules for new construction and substantial improvements, which can require elevation. Ask whether the home has flooded before, pull the flood zone, and confirm with the city or county whether your scope triggers floodplain requirements. Foundation movement on clay soils is also common.
Texas has no state transfer tax or mortgage tax, and title insurance premiums are set by the state. Texas also does not require public disclosure of sale prices, so rely on your agent for recent comparable sales.
Property taxes are the main holding cost. Rates combine the county, city, school district and often a municipal utility district in the suburbs, and investors get no homestead exemption. Budget the full rate using the Harris Central Appraisal District record, plus flood and wind insurance where they apply.
This example is illustrative and not a quote. An investor buys a 1950s bungalow in Independence Heights for $285,000 with a $85,000 rehab budget and an expected resale value of $460,000. The loan covers 85% of the purchase plus 100% of the rehab, for a total loan of $327,250, or about 88.4% of the $370,000 total cost.
The estimated monthly interest-only payment is about $2,863, assuming the full rehab budget has been drawn. Over a 6-month hold, that is about $17,178 in interest. Add an estimated $8,550 in buy-side closing costs and about $32,200 in selling costs, and the estimated profit before taxes, insurance and utilities is about $32,072.
The investor's cash in is about $68,478: a $42,750 down payment, closing costs and interest carry. Your own numbers will differ, so send us the real figures.
| Item | Amount |
|---|---|
| Purchase price | $285,000 |
| Rehab budget | $85,000 |
| Total cost | $370,000 |
| Loan (85% of purchase + 100% of rehab) | $327,250 |
| Loan-to-cost | About 88.4% |
| Estimated monthly interest-only payment | $2,863 |
| Interest over 6 months | $17,178 |
| Estimated buy-side closing costs | $8,550 |
| Estimated selling costs | $32,200 |
| Expected resale value | $460,000 |
| Estimated profit before taxes, insurance and utilities | $32,072 |
Houston's resale demand is broad and driven by a large job base. Renovated homes that never flooded and sit outside high-risk zones tend to draw the widest buyer pool, and buyers will ask about flood history.
If you would rather hold, a finished Houston home can be leased and refinanced into a DSCR rental loan. Run the rent against the full tax rate and insurance before you decide.
A few direct questions will separate the lenders that fit your project from the ones that do not.
How LendingStreet answers each one: up to 90% LTC and up to 100% of rehab on some programs; as little as 10 days to close; LLC borrowing welcome; $150,000 to $5M+, with large loans reviewed case by case; a 1.0x standard DSCR minimum when you refinance into a rental loan, plus sub-1.0 options; and seasoning that varies by program. Call (877) 298-1001 to walk through yours.
The more complete your file, the faster we can answer. Share the purchase contract, rehab scope, budget and resale comps. Use the form below for a quote, or call (877) 298-1001.
For most Houston flippers, our top pick is LendingStreet: short-term, interest-only loans from $150,000 to $5M+, up to 90% of cost and up to 100% of rehab on some programs, and closings in as little as 10 days.
Yes. We fund flips across Houston, Pasadena, Pearland, Katy and the rest of Harris County, and we lend in all 50 states and DC.
They affect your scope and budget. If your improvements trigger floodplain requirements, elevation or other work may be needed. Confirm with the city or county and include it in your budget.
As little as 10 days on a ready file. Send the contract and scope early to stay on schedule.
Yes. On some programs we fund up to 100% of the rehab, with total leverage up to 90% of cost.
Not always. Many neighborhoods have deed restrictions that limit changes, so read them before you plan an addition or a lot split.
Yes. We can refinance it into a DSCR rental loan based on the rent, with LLC borrowers standard and 30-year terms available.
No. Our fix and flip loans are business-purpose loans on non-owner-occupied investment property.
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