Lubbock is the hub of the South Plains, home to Texas Tech University and a large stock of brick homes from the 1950s through the 1980s. Flippers who know the neighborhoods and plan for West Texas weather can turn dated houses into homes buyers want.
In short: Our top pick for fix and flip financing in Lubbock, TX is LendingStreet, because it funds up to 90% of cost and up to 100% of rehab on some programs, closes in as little as 10 days so you can act on Lubbock County deals, and offers a straight refinance into a 30-year DSCR rental loan if a house is better as a rental. Loans run from $150,000 to $5M+ on 1-8 unit investment properties, and they are short-term and interest-only. To see your numbers, get a quote with the form below or call (877) 298-1001.
LendingStreet is built for real estate investors. Our fix and flip loans are business-purpose loans on non-owner-occupied 1-8 unit properties, and we lend in all 50 states and DC.
It fits Lubbock flippers working Tech Terrace, Overton and central neighborhoods, investors buying ranches across the south and west sides, and remote investors who want one lender for flip and hold.
The next step is simple: send the address, price, rehab budget and your ARV with the form below, or call (877) 298-1001.
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 Lubbock, 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. |
Close to Texas Tech, Tech Terrace and Overton have older homes that sell to faculty, staff and families when updated, and some sell to investors as rentals. Heart of Lubbock and Maxey Park offer mid-century brick homes at moderate prices.
South and southwest Lubbock have newer subdivisions and higher price bands, along with active new construction. Wolfforth and Shallowater add small-town options. Build ARV from nearby sales of the same age and size, and watch competition from new builds.
Typical flip candidates are brick ranch homes with original kitchens and baths, older HVAC, dated electrical panels and roofs near the end of their life. Some older homes sit on pier-and-beam foundations that need leveling, and slab homes can show movement, so a foundation evaluation is worth doing.
Lubbock gets serious hail, wind and dust storms. A recent roof claim or a worn roof affects your budget and your buyer's insurance, and impact-resistant roofing can help. Check permit requirements with the City of Lubbock before starting structural, electrical or plumbing work.
Flippers in Lubbock usually weigh four kinds of lenders. Here is how they generally compare on what matters for a flip. Terms at banks, local hard money lenders and private lenders vary widely, so ask each one directly.
| What flippers need | LendingStreet | Typical local bank | Typical local hard money lender | Private individual lender |
|---|---|---|---|---|
| Leverage on purchase and rehab | Up to 90% of cost and up to 100% of rehab on some programs | Often lower; rehab funding varies | Varies; rehab coverage differs | Varies by person |
| Closing speed | As little as 10 days | Often several weeks or more | Often fast | Can be fast; depends on the person |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Often smaller balances | Limited by one person's capital |
| Property types | 1-8 unit investment property | Varies | Varies | Varies |
| Long-term option | Refinance into a 30-year DSCR rental loan | Varies; may want tax returns | Usually short-term only | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local footprint | Usually local or regional | Usually local |
This example is illustrative and not a quote. An investor buys a central Lubbock brick ranch for $185,000 with a $50,000 rehab budget, for a total project cost of $235,000. The loan covers 80% of the purchase ($148,000) plus 100% of the rehab, for a total loan of $198,000, about 84.3% of total cost.
The investor brings $37,000 toward the purchase plus about $3,700 in buy-side closing costs. The estimated monthly interest-only payment is about $1,732, which assumes the full loan is out for the whole 5-month hold (rehab funds are usually drawn over time, so actual interest is often lower). Taxes, insurance and utilities add about $600 a month.
The house sells for $300,000. Assuming selling costs of about 6% of the price ($18,000) (Texas has no state transfer tax), the estimated profit before income taxes is about $31,638 on about $52,362 of cash invested.
| Item | Amount |
|---|---|
| Purchase price | $185,000 |
| Rehab budget | $50,000 |
| Total project cost | $235,000 |
| Loan on purchase (80%) | $148,000 |
| Rehab financed (100%) | $50,000 |
| Total loan | $198,000 |
| Loan as share of total cost | 84.3% |
| Estimated monthly interest-only payment | $1,732 |
| Estimated interest over 5 months | $8,662 |
| Taxes, insurance and utilities over 5 months | $3,000 |
| Buy-side closing costs (estimate) | $3,700 |
| Sale price (ARV) | $300,000 |
| Selling costs (about 6%) | $18,000 |
| Estimated profit before income taxes | $31,638 |
| Cash invested (estimate) | $52,362 |
Texas has no state real estate transfer tax and no state income tax, so local property taxes carry more weight. Check the Lubbock Central Appraisal District record, and remember the seller's homestead exemption ends when you buy, so budget taxes on your purchase price.
Resale timing often follows the university calendar and the spring and summer selling season. Updated homes near campus and in established neighborhoods tend to move faster than homes competing with new construction.
Before you sign a term sheet, ask every lender the same questions so you can compare them side by side.
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs; closings in as little as 10 days; LLC borrowers are standard; loans from $150,000 to $5M+, with larger balances reviewed case by case and usually a full valuation; and a DSCR refinance with a 1.0x standard minimum and seasoning that varies by program.
Most Lubbock flips end in a sale. If the market shifts or the rent looks strong, you can refinance the finished house into a 30-year DSCR rental loan instead. DSCR loans qualify on the property's rent, with no W-2s or tax returns, a 620 minimum credit score and a 1.0x standard minimum DSCR. See /bridge-to-dscr-loan-guide.html for how the switch works.
Having both options with one lender means fewer surprises. Get a quote with the form below to see both paths on your deal.
Our top pick is LendingStreet. We fund up to 90% of cost and up to 100% of rehab on some programs, close in as little as 10 days, and offer a DSCR refinance if you keep the house. Get a quote with the form below.
Yes. LendingStreet lends throughout the Lubbock area and all of Texas, along with all 50 states and DC, on 1-8 unit investment properties.
Yes. Some homes near campus sell to investors as rentals. If you keep it yourself, a DSCR loan can qualify on the rent.
Often. Hail and wind are common in the South Plains, and roof condition affects your buyer's insurance. Many flippers replace worn roofs.
Texas relies on property taxes, and investors do not get the homestead exemption. Budget taxes on your purchase price for the full hold.
Fix and flip loans run from $150,000 to $5M+, up to 90% of cost and up to 100% of rehab on some programs. Larger balances get more review and usually a full valuation.
In as little as 10 days with a complete file. Have the contract, scope, budget and entity documents ready, then call (877) 298-1001.
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