Vermont flips are often older, rural and small in number, which narrows the lender field. Pick one that understands farmhouses, septic systems and a building season that ends early.
In short: No lender is best for every Vermont flip. The right one offers the lowest total cost on your deal, enough leverage for your experience level, reliable draws and a timeline that respects the seasons. LendingStreet finances investment property in Vermont, with rates from 9.99% for qualified borrowers, up to 90% of the purchase price and up to 100% of the rehab budget paid in draws. Loans start at $150,000, and newer investors should expect lower leverage on many programs, so plan your cash early.
Vermont has fewer flip lenders than larger states. Investors use local banks and credit unions, private lenders, national programs such as RCN Capital and Kiavi, and LendingStreet.
Local lenders may know specific towns well. National programs may be more flexible on leverage for experienced investors. Ask each one how far they will travel for draw inspections and whether photo inspections are allowed in remote areas.
LendingStreet fix and flip loans run from $150,000 to $5M+, with terms typically 12 to 18 months and rates from 9.99% for qualified borrowers. A complete file can close in as little as 10 days.
We finance up to 90% of the purchase price and up to 100% of the approved rehab budget, released in draws after each phase is completed and inspected. Experience improves pricing and leverage. First-time flippers can qualify on some programs, usually at lower leverage.
Burlington and South Burlington, home to the University of Vermont, form the state's largest market, with older homes, duplexes and higher prices. Rutland, in the southwest, has older housing at lower prices. Montpelier, the capital, and nearby Barre have historic homes close to downtown.
Brattleboro and Bennington serve southern Vermont. In smaller towns, sales can be few and far between, so supporting an after-repair value takes careful comparable selection. The $150,000 loan minimum can rule out some lower-priced rural homes.
Parts of Vermont have seen serious flooding, including the July 2023 floods that hit Montpelier, Barre and other towns. Many properties sit along rivers and streams. Check the flood zone, any history of water damage and insurance costs before you make an offer.
Vermont's Act 250 land use law can apply to larger developments and subdivisions. A typical single-home flip usually does not trigger it, but if you plan to subdivide or add units, confirm with local counsel and the town before you close.
Much of the housing is old, and many homes are rural. These items come up often:
This example is illustrative and not a quote. A first-time investor buys a 1900s Rutland colonial for $196,000, plans $85,000 of rehab and expects an after-repair value of $350,000. As a new investor, they qualify for 75% of purchase ($147,000) plus 100% of rehab ($85,000), a $232,000 loan, about 66% of ARV. The down payment is $49,000.
At a sample rate of 11.4% on the full balance, interest is $2,204 a month, or $15,428 over seven months. After the sale, estimated profit is $18,722. Cash invested is $78,278. An experienced investor at 90% of purchase would put down $19,600 instead of $49,000, which is why a track record matters.
| Item | Amount |
|---|---|
| Sale price | $350,000 |
| Purchase price | -$196,000 |
| Rehab | -$85,000 |
| Sample closing costs | -$7,900 |
| Interest, 7 months | -$15,428 |
| Taxes, insurance, utilities ($850 x 7) | -$5,950 |
| Selling costs (6%) | -$21,000 |
| Estimated profit | $18,722 |
Send the address, contract, line-item scope with bids, comparable sales, bank statements for down payment and reserves, LLC documents and any project history. For a first flip, add the contractor's references and licensing and a realistic schedule.
Include well, septic and flood information if you have it. Plan exterior work for the summer and early fall, since Vermont winters and spring mud season can stall outside jobs.
Yes. LendingStreet finances investment property in Vermont, including Burlington, South Burlington, Rutland, Montpelier and Brattleboro. Loans are business-purpose on non-owner-occupied property, from $150,000 to $5M+.
Yes, on some programs, usually at lower leverage. Expect a larger down payment and closer review of your contractor and scope.
Usually not for a single-home renovation, but it can apply to larger developments and subdivisions. Confirm with local counsel and the town if you plan to add units or divide land.
Yes, if the systems work or the repair is in the budget. Buyers often test both, so plan for it.
Often, but flood insurance may be required and adds to holding costs. Check flood status and damage history before you make an offer.
Yes. A DSCR loan can pay off the short-term loan once the home is renovated and rented.
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