McAllen and the rest of the Rio Grande Valley have grown into a steady flip market built on affordable slab-on-grade ranch homes and strong local demand. Deals move quickly, and the investor with funding lined up usually wins.
In short: Our top pick for fix and flip financing in McAllen is LendingStreet. We fund 1-8 unit investor flips from $150,000 to $5M+, cover up to 90% of total cost and up to 100% of the rehab on some programs, and can close in as little as 10 days. That combination lets you compete with cash buyers across Hidalgo County, and if you decide to keep the home as a rental, we can refinance it into a long-term DSCR loan.
Most McAllen flips need two things at once: money to buy the house and money to fix it. LendingStreet provides both in one short-term, interest-only loan, from $150,000 to $5M+ on 1-8 unit investor properties. Leverage runs up to 90% of total cost, and some programs fund up to 100% of the rehab.
We can close in as little as 10 days, which helps when a seller in Hidalgo, Cameron and Starr counties wants a quick, certain closing. And because we also offer DSCR rental loans, you have a clear refinance path if you decide to keep the property instead of selling.
Fill out the form below for a quote, or call (877) 298-1001 to talk through a 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 McAllen, 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. |
The McAllen-Edinburg-Mission metro is one continuous string of cities along the Expressway 83 and Interstate 2 corridor. Investors work established subdivisions in central and north McAllen, along with Edinburg near UTRGV, Mission, Pharr, San Juan, Alamo and Weslaco.
Most flip inventory is single-story brick or stucco ranch homes built from the 1970s through the 2000s. Newer neighborhoods in north McAllen and Edinburg compete with new construction, so flips there have to look and price like a fresh product.
Small duplexes and fourplexes near the universities and medical centers also trade, and they can be financed as long as they stay within 1-8 units.
Valley homes are generally simpler to renovate than century-old houses elsewhere, but the climate and soil create their own budget items. Plan for these during due diligence.
Each Valley city runs its own permit office. McAllen, Edinburg, Mission and Pharr all require permits for structural, electrical, plumbing and mechanical work, and inside city limits you should expect inspections before final sign-off.
Properties in unincorporated parts of Hidalgo County follow county rules, and some older rural subdivisions have limited infrastructure. Check the FEMA flood map, the plat and utility service before you buy, because those issues can affect both your rehab and your buyer's financing.
Before you commit to a McAllen deal, compare lender types side by side. Banks, credit unions, local hard money lenders and private individuals all fund flips in some form, and terms vary from one to the next. The table below shows how LendingStreet lines up.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender | Private individual lender |
|---|---|---|---|---|
| Leverage on purchase and rehab | Up to 90% of total cost; up to 100% of rehab on some programs | Often lower; rehab funding varies | Varies by lender | Varies by person |
| Closing speed | As little as 10 days | Often several weeks | Often fast | Depends on the individual |
| Loan size | $150,000 to $5M+ | Varies; may limit investor exposure | Varies; large loans can be harder | Limited by the person's capital |
| Property types | 1-8 unit investment properties | Varies | Varies | Varies |
| Income documentation | Business-purpose investor loan | Often requires tax returns | Usually asset-focused | Informal; negotiated |
| Long-term rental option | DSCR refinance with the same team | Varies | Usually short-term only | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local footprint | Often one region | Usually local |
This example is illustrative and not a quote. An investor buys a 1980s three-bedroom brick ranch in an established McAllen subdivision that needs flooring, a kitchen, baths, a new AC system and foundation work for $165,000, with a rehab budget of $45,000, for a total project cost of $210,000. The after-repair value, based on recent nearby sales, is $275,000.
The loan covers 85% of the purchase price plus 100% of the rehab, for a loan of $185,250, or about 88% of total cost. The estimated monthly interest-only payment is about $1,544. Over a 5-month hold with about $620 a month in taxes, insurance and utilities, and selling costs of about 7% of the sale price, the estimated profit before income taxes is about $31,631.
If the investor keeps the home instead, a DSCR refinance of the same $185,250 balance at $2,050 a month in rent, with estimated principal and interest of about $1,295 plus about $560 in taxes and insurance, works out to a DSCR of about 1.10x.
| Item | Amount |
|---|---|
| Purchase price | $165,000 |
| Rehab budget | $45,000 |
| Total project cost | $210,000 |
| Loan amount | $185,250 (about 88% of cost) |
| Estimated purchase closing costs | $3,300 |
| Cash to close (down payment and closing costs) | $28,050 |
| Estimated monthly interest-only payment | $1,544 |
| Holding costs over 5 months | $3,100 |
| Total interest over 5 months | $7,719 |
| After-repair value | $275,000 |
| Estimated selling costs | $19,250 |
| Estimated profit before income taxes | $31,631 |
Texas has no state transfer tax, and title insurance premiums are set by the state, which keeps closing costs fairly predictable. Most closings are handled by a title company. Property taxes are high compared with many states, and investors do not receive homestead exemptions, so budget taxes at the full rate for every month you hold the home.
Renovated homes priced for first-time buyers tend to sell well in the Valley, while flips priced near new construction face more competition. Confirm current days on market and buyer financing trends with a local agent before you set your after-repair value.
The best way to compare lenders is to ask each one the same short list. Here is ours, followed by LendingStreet's answers.
| Question | LendingStreet's answer |
|---|---|
| Max leverage | Up to 90% of total cost; up to 100% of rehab on some programs |
| Loan size | $150,000 to $5M+; larger balances reviewed case by case |
| Closing speed | As little as 10 days |
| Entity borrowing | LLC borrowers welcome |
| Units | 1-8 units; 9+ units is commercial |
| Refinance exit | DSCR loan with a 1.0x standard minimum, 620 credit and seasoning that varies by program |
A McAllen flip usually ends in a sale, but the strongest investors plan a second exit from day one. If the home sits on the market or the rent is strong, refinancing into a long-term rental loan can pay off the short-term loan.
LendingStreet's DSCR loans qualify on rent, not personal income, with a 1.0x standard minimum DSCR, 620 minimum credit and 30-year terms. Rate-and-term goes up to 80% LTV on some programs, cash-out up to 75%, and seasoning varies by program. Ask about both paths when you request a quote, or call (877) 298-1001.
Our top pick is LendingStreet. We fund 1-8 unit investor flips in McAllen from $150,000 to $5M+, with up to 90% of total cost, up to 100% of rehab on some programs and closings in as little as 10 days, plus a DSCR refinance option if you keep the property.
Yes. We lend throughout the McAllen area, including Hidalgo, Cameron and Starr counties, and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
Up to 90% of total cost, and up to 100% of the rehab on some programs. Loans run from $150,000 to $5M+, and the final amount depends on the property, the budget and the after-repair value.
We can close in as little as 10 days. Sending the contract, rehab budget and entity documents early helps keep the timeline short.
Yes. We lend across Hidalgo County and the wider Rio Grande Valley on 1-8 unit investor properties.
Not by itself. Get a foundation inspection and a repair bid, and include the repair in your rehab budget so the after-repair value reflects a fixed home.
You can refinance into a LendingStreet DSCR rental loan, which qualifies on the property's rent with a 1.0x standard minimum DSCR. Seasoning varies by program, so ask about it before you buy.
No. Our fix and flip loans are business-purpose loans on non-owner-occupied investment property, made to investors who renovate to sell or rent.
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