Never Miss a Deal with a MoFin Bridge Loan

Close your loan within two weeks with up to 85% of purchase price and 100% of rehab costs funded. Don’t need rehab funds? Want a cash-out loan with no prepayment penalty? Building a house from the ground up? We can do that too.

Loan
Types

Fix & flip
loans
bridge
loans
ground-up
construction

Fix & Flip loans

Grow your fix & flip business with flexible solutions, fast closing times, and competitive terms for experienced investors. Contact us today and see why 70% of our fix & flip loans are made to repeat customers.

  • Funding for up to 85% of purchase price and 100% of rehab budget
  • No prepayment penalty
  • Rates from 9%-13%
  • No hidden fees at closing
  • Fast and easy draw process
  • Streamlined refinance process into a 30-year loan for rehab-to-rent projects

Bridge loans

Purchase and cash-out refinance loans to bridge your project to sale or permanent financing.

  • Fastest closing time: as little as 5 days.
  • LTV Limits:
    • Purchase: 75%
    • Refinance: 70%
  • No prepayment penalty
  • Rates from 9%-13%
  • Cash-out refinance with as little as 3 months seasoning

Ground-up construction loans

Funding for land acquisition and 100% of your construction budget.

  • Minimum of one ground-up or three rehab projects completed in the past 24 months
  • LTV Limits:
    • 50% of land purchase
    • 100% of construction
    • 85% of total cost (land + construction)
    • 65% of after-repair value
  • No prepayment penalty

Get a Bridge Loan

Submit your loan request and get a term sheet within one business day.

BRIDGE LOAN FAQ’S

  • Do I need experience?

    Yes. Currently we’re only lending to individuals that have completed 2+ flips or rehab to hold deals in the last 3 years. If you have experience outside the 3 year period we can still consider lending to you.

  • What is your minimum credit score requirement?

    650. If your score is below that, we may still be able to lend to you with compensating or mitigating factors present, like experience, a higher down-payment, liquidity, etc.

  • How much down do you require?

    20% - 25% depending on the deal but it’s best to reach out to discuss your loan scenario.

  • How quickly can you close?

    In 1-3 weeks. It’s best to check in with us and we can let you know.

  • What states do you lend in?

    MoFin currently lends in Alabama, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin and Wyoming. If you have a question about another state, please email us.

  • What are costs?

    After your deal has been pre-qualified and you’ve received a Term Sheet, you would pay $299 to move your loan into underwriting. During underwriting, you would pay for either a full appraisal or broker’s price opinion. At closing, we charge our origination fee of 2 – 3 points.

  • What are your rates?

    Rates range from 9% - 13%. We charge interest on the total loan amount and require monthly payments of interest only.

  • What is your minimum loan amount?

    $100,000. Loans between $75,000 - $100,000 may be considered to experienced borrowers with 2+ flips in the last 36 months or MoFin repeat borrowers.

  • Can you roll in closing costs or the monthly payments?

    No, we require that you make monthly payments of interest only until your loan is paid off. The origination fee is paid when your loan closes. For a cash-out refinance loan, closing costs are netted out of the proceeds you receive at closing.

  • Can I do the first draw at closing?

    Rehab funds are held-back at closing and released to you in draws as work is completed. We do not provide a draw at closing.

  • Can I use a private lender or investor for the down-payment?

    The borrower must have “skin in the game,” and is required to provide the down-payment funds from their own business or personal accounts. You can have a partner to provide capital but they would need to be part of the loan in some capacity (either as a member of the borrowing entity or as a personal guarantor).