Huntington's older neighborhoods are lined with early 1900s bungalows, foursquares and two-story frame houses. Many need a full renovation, and buyers who work at Marshall and the hospitals will pay for a finished one in the right location.
In short: LendingStreet funds fix and flip loans on 1-8 unit investor rehabs in Huntington and nearby Cabell and Wayne county towns, from $150,000 to $5M+, covering up to 90% of total cost and up to 100% of rehab on some programs. Loans are interest-only and short-term, can close in as little as 10 days, and are repaid through a sale or a refinance into a DSCR loan. In Huntington, pricing the after-repair value from the right comps is the key to a profitable project.
Southside, from the blocks near Ritter Park out toward Spring Hill, has bungalows and larger homes that sell well to owner-occupants once renovated. Highlawn and the streets near Marshall have similar houses, but the buyer pool there includes investors who want rentals for students, which can affect price. Westmoreland and the West End have lower purchase prices, which can mean thinner margins once the loan minimum and fixed costs are factored in.
In the suburbs, Barboursville and Milton offer newer homes that need cosmetic work rather than full gut renovations, a different kind of project with a shorter timeline.
These homes were built for railroad, river and industrial workers when Huntington was a larger city, and many have good bones under decades of updates. That makes them a fit for investors who can see past dated kitchens and worn floors, and who know how to price the work underneath.
A detailed, line-item scope of work is the backbone of every flip loan. Inspectors use it to approve draws, and it shows us that the after-repair value is realistic. For an older Huntington house, include the items buyers and appraisers check first.
This example is illustrative and not a quote. An investor buys a Highlawn bungalow for $120,000 and budgets $60,000 for a full renovation, for a total cost of $180,000. Recent sales of renovated homes nearby support an after-repair value of $262,000.
At 90% of cost, the loan is $162,000, which clears the $150,000 minimum. Interest-only carry over 7 months on the full balance is about $9,214. Adding about $4,500 in purchase closing costs and selling costs of about 7%, or $18,340, the estimated profit is about $49,946. Cash needed at closing is about $22,500.
| Line | Amount |
|---|---|
| Purchase | $120,000 |
| Rehab | $60,000 |
| Total cost | $180,000 |
| Loan at 90% of cost | $162,000 |
| Carry over 7 months | $9,214 |
| Selling costs | $18,340 |
| After-repair value | $262,000 |
| Estimated profit | $49,946 |
Ask about flood history on every Huntington purchase. Properties outside the floodwall's protection or near the Guyandotte River and local creeks may have had water in the basement or worse. A history of flooding affects insurance, resale and how buyers see the house.
Many older homes also have original plumbing and electrical systems that need replacement. Budget for them up front rather than hoping they will pass inspection.
A home inspection before you close, even on a property you plan to gut, can reveal foundation, sewer line or structural issues that change the budget. In older Huntington homes, a sewer camera inspection is often money well spent.
Because prices in parts of Huntington are low, some projects fall below what it takes to reach a $150,000 loan. Projects that work typically have a total cost above roughly $170,000, a higher-value neighborhood, or more than one unit. Small projects can sometimes be combined with other properties in a larger financing plan.
Interest is paid only on funds drawn, so the actual carry is often lower than the full-balance figure used here. Budget on the full figure anyway, because rehabs in older Huntington houses tend to take longer than planned.
Rehab funds are held back and released in stages after an inspector confirms finished work. The City of Huntington requires permits for structural, electrical, plumbing and mechanical work. Get permits early and keep the job site ready for both city and draw inspections, since delays in one can hold up the other.
Contractors in the tri-state area are often busiest in spring and summer. Book your trades early and confirm their availability before you close, so the project does not sit idle while interest accrues.
Most Huntington flips sell to owner-occupants, often employees at Marshall, the hospitals or the VA medical center. If the resale market slows, renting the finished house and refinancing into a DSCR loan is a solid backup. Run both numbers before you buy, so you know the rent the house would need to cover a long-term loan.
If you are new to Huntington, spend time with a local agent who sells renovated homes. They will tell you which finishes buyers expect at each price level, which streets sell quickly, and where a flip would compete with new construction in the suburbs.
Rental demand from students and medical staff makes the hold option realistic near campus and the hospitals.
Send the address, purchase price, scope of work, after-repair value and the comps that support it, plus a short summary of your experience and your contractor. We will review the project and give you terms quickly. Photos of the property's current condition help us understand the scope before an inspection.
Yes. LendingStreet funds 1-8 unit investor rehabs in Huntington, Barboursville, Milton, Kenova and other nearby towns. Wayne County addresses such as Kenova and Ceredo are included.
Up to 90% of total cost and up to 100% of the rehab on some programs. The rest is your cash at closing.
In draws after an inspector confirms each stage of work. A clear, line-item budget speeds up each draw. Keep receipts and photos for each stage.
In as little as 10 days once title, insurance and the scope of work are in place.
Yes. Fix and flip loans use a valuation that includes the after-repair value. Strong comps support your number.
Yes. You can refinance into a DSCR loan once the house is finished and leased, if the rent supports the payment.
No. Our investor loans are business-purpose loans on non-owner-occupied property.
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