Tulsa offers a rare mix for flippers: affordable purchase prices, character houses in Midtown and steady suburban demand. Storm-season roofs and older systems are the usual budget swings, so the lender needs to fund the rehab and move quickly.
In short: Our top pick for fix and flip loans in Tulsa is LendingStreet. We lend from $150,000 to $5M+, fund up to 90% of cost and up to 100% of rehab on some programs, and close in as little as 10 days. If a finished house rents well, we can refinance it into a DSCR loan instead of a sale.
Why investors choose LendingStreet in Tulsa: a fix and flip loan built for investors, from $150,000 to $5M+, sized at up to 90% of cost with up to 100% of rehab funded on some programs, for 1-8 unit residential projects held in an LLC or your own name.
With Tulsa purchase prices well below national levels, the rehab budget is often a large share of total cost, which is exactly where rehab funding of up to 100% on some programs makes a difference.
Speed matters on competitive listings, so closings can happen in as little as 10 days. The loan is short-term and interest-only, and a refinance into a 30-year DSCR loan is available if the numbers favor holding. Request 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 Tulsa, OK, 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. |
Midtown has the city's best-known flip stock: 1920s and 1930s bungalows, Tudors and craftsman homes in Florence Park, Owen Park, Brady Heights, Kendall-Whittier and the streets around Brookside, plus mid-century ranches in Lortondale and nearby subdivisions. These houses sell well when renovated with care, and some sit in historic preservation zones with exterior review.
In the suburbs, Broken Arrow, Jenks, Bixby, Owasso and Sand Springs have 1970s to 2000s homes that sell to families looking at school districts and commutes. East and north Tulsa offer lower entry prices, where many investors weigh a flip against holding as a rental.
Hail and wind are part of life in Tulsa, so roof condition, roof age and the insurance history of the house are the first things to check. Older Midtown homes can also need foundation and drainage work, updated electrical service and replacement of original plumbing.
Pull permits through the City of Tulsa or the suburb where the house is located, and check whether the property is in a historic preservation overlay before planning exterior changes. Confirm permit and inspection requirements locally.
There is no single type of lender that fits every flipper, but the differences are predictable. Here is a fair, general comparison for Tulsa investors.
| What flippers need | LendingStreet | Typical local bank | Typical local hard money lender |
|---|---|---|---|
| Leverage | Up to 90% of cost (LTC) on some programs | Often a larger down payment | Varies widely by lender |
| Rehab funding | Up to 100% of rehab on some programs, paid in draws | Rehab loans can be limited or slow | Often funded, terms vary |
| Closing speed | As little as 10 days | Often several weeks or more | Often fast |
| Income documents | Deal-focused review, no W-2 qualifying | Often requires tax returns | Usually light |
| LLC borrowers | Standard | Varies by bank | Usually allowed |
| Loan size | $150,000 to $5M+ | Varies, often conservative | Varies |
| Exit option | Sell or refinance into a DSCR rental loan | Separate application | Usually short-term only, no long-term option |
This example is illustrative and not a quote. An investor buys a 1930s bungalow near Florence Park for $130,000 and budgets $50,000 for a new roof, kitchen, bath, electrical update and refinished floors. LendingStreet funds 90% of total cost.
Holding costs are the investor's own budget for loan interest, taxes, insurance and utilities. Insurance on Tulsa homes can be meaningful because of hail, so get a quote before you buy. Resale numbers are estimates; check recent sales.
| Line item | Amount |
|---|---|
| Purchase price | $130,000 |
| Rehab budget | $50,000 |
| Total project cost | $180,000 |
| Loan at 90% of cost | $162,000 |
| Investor share of cost | $18,000 |
| Estimated buy-side closing costs | $4,000 |
| Cash needed at closing (estimate) | $22,000 |
| Holding costs, 5 months at $1,900 | $9,500 |
| After-repair resale price | $255,000 |
| Selling costs at 7% of resale | $17,850 |
| Estimated profit before taxes | $43,650 |
Oklahoma charges a documentary stamp tax on deeds, usually paid by the seller, so it comes out of your proceeds when you sell a flip. Add title insurance, abstract or title work, recording fees and closing agent charges. Tulsa County property taxes are generally moderate compared with many metros.
Most Tulsa flips run a few months from purchase to sale, and roofing schedules can stretch after major storms when contractors are booked. Build a cushion into your holding budget and confirm current costs with your title company.
A flip that does not sell on schedule is not a failure if you have a rental exit. LendingStreet can refinance the finished property into a DSCR loan that qualifies on rent, starts at a 620 credit score and offers 30-year terms. Having both loans with one lender keeps the handoff simple.
Tulsa rents relative to purchase prices make the hold option worth modeling. A DSCR refinance qualifies on the property's rent, and LLC borrowers are standard.
Ask every lender the same questions so the quotes compare cleanly.
Our answers: leverage up to 90% of cost and up to 100% of rehab on some programs; a DSCR exit at up to 80% LTV on some programs (75% on cash-out) with a 1.0x standard minimum; program-based seasoning; LLC borrowers welcome; closings in as little as 10 days; and balances from $150,000 to $5M+.
Ready to move on a Tulsa property? Fill out the form below or call (877) 298-1001. Have the contract, budget and contractor details handy and we can move quickly.
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 can turn a finished Tulsa flip into a long-term DSCR rental with the same team.
Yes. LendingStreet finances fix and flip projects across Tulsa, Broken Arrow, Jenks, Bixby, Owasso and the rest of the metro and lends in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
LendingStreet can close in as little as 10 days. Having a signed contract, a clear budget and title ordered early keeps the timeline short.
On some programs, LendingStreet funds up to 100% of the rehab budget, paid in draws as work is completed and inspected, with total leverage up to 90% of cost.
They drive roof and insurance costs. Check the roof's age and claim history before you buy, budget for replacement if needed, and get an insurance quote early, because it affects both holding costs and resale.
Yes. LendingStreet lends across the Tulsa metro and the rest of Oklahoma on 1-8 unit investment property.
Yes. You can refinance into a LendingStreet DSCR loan that qualifies on the rent, with no W-2s or tax returns. Seasoning varies by program.
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