What Are Fix and Flip Loans?

Fix and Flip Loans are short-term financing solutions created specifically for real estate investors who buy properties in need of renovation and sell them for profit. These loans provide the capital required to purchase, repair, and upgrade homes quickly — helping you maximize returns in a fast-moving market. At Richard Thomas Ellis – Pilgrim Mortgage, we understand that timing and efficiency are everything in real estate investing. Our Fix and Flip Loan programs are structured to support your goals from acquisition to resale, with straightforward terms and rapid funding.
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Fast Funding for Investment Opportunities

Speed is the key to success when it comes to flipping properties. With our Fix and Flip Loans, you can access funds quickly to secure promising deals before competitors step in. The streamlined approval process focuses on the property’s value and potential rather than complicated borrower qualifications. We pride ourselves on helping investors close quickly so they can focus on renovation and resale — not paperwork. Our expert team ensures smooth coordination from loan approval through project completion.
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Financing Both Purchase and Renovation Costs

Unlike traditional mortgages, Fix and Flip Loans are designed to cover both the property’s purchase price and the renovation expenses. This comprehensive funding approach gives you the freedom to focus on upgrading and increasing the property’s market value without straining your personal finances. At Richard Thomas Ellis – Pilgrim Mortgage, we evaluate your project plan carefully and create a financing structure that supports your timeline, budget, and profit goals.
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Benefits of Fix and Flip Loans

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Covers Purchase and Renovation Costs – One loan for acquisition and improvement.

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Flexible Repayment Terms – Interest-only payments available during project stages.

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Asset-Based Qualification – Approval focused on property value and project potential.

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Boost ROI Potential – Transform undervalued properties into high-return investments.
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Flexible Terms for Every Project Size

Whether you’re flipping a single-family home or multiple properties, our Fix and Flip Loan options provide flexible terms tailored to your project’s scope and duration. You can choose from interest-only payments during the renovation period, ensuring manageable cash flow while work is underway. Our commitment is to create a loan structure that aligns with your investment strategy and minimizes risk while maximizing your potential return on investment.
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Why Choose Us – Your Trusted Partner in Home Financing

At Richard Thomas Ellis – Pilgrim Mortgage, we believe that finding the perfect mortgage is about more than just interest rates — it’s about trust, transparency, and a partnership built around your goals. Our mission is to make every client feel informed, empowered, and confident throughout the home financing journey.

With years of experience and a deep understanding of the mortgage industry, we take pride in offering personalized guidance and unmatched customer care. Whether you’re a first-time homebuyer or a seasoned investor, we take the time to listen, assess your unique situation, and craft a loan solution that fits your needs perfectly.

We are known for

Personalized Service: We take the time to understand your goals and create mortgage solutions tailored to your unique financial situation.

Transparency & Trust: Clear communication and honest guidance are at the heart of everything we do—no hidden surprises.

Fast & Smooth Closings: Our streamlined process and dedicated support team help you close on time with confidence and ease.

Extensive Loan Options: From FHA and VA to Jumbo and HELOCs, we offer a wide variety of programs to meet every borrower’s needs.

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

At Richard Thomas Ellis – Pilgrim Mortgage, we provide a wide range of loan programs to meet every borrower’s needs. These include VA, FHA, Conventional, Jumbo, DSCR, Bank Statement, Hard Money, HELOCs, Fix and Flip, Down Payment Assistance, First-Time Home Buyer, and Purchase Loans. Whether you’re buying your first home, investing in property, or refinancing, we have a loan option that fits your goals.

Our team takes a personalized approach to understanding your financial situation, credit profile, and long-term objectives. We’ll review your goals, explain the differences between programs, and help you choose the loan that provides the best benefits — whether it’s a low down payment, flexible credit requirements, or the lowest interest rate available.

While requirements may vary based on the loan type, most applications require proof of income, recent bank statements, identification, employment verification, and details about your assets or debts. Don’t worry — we make this process simple by providing a clear checklist and helping you gather everything needed to move forward smoothly.

The timeline can vary depending on your loan type and financial situation, but on average, the mortgage process takes about 30 to 45 days from application to closing. At Pilgrim Mortgage, we use efficient digital tools and proactive communication to ensure your loan moves quickly and without delays.

Yes — and it’s highly recommended! Getting pre-approved gives you a clear idea of how much you can afford and strengthens your position when making an offer. Our pre-approval process is quick, easy, and designed to give you confidence while searching for your dream home.

A Partner for Every Step of the Process

Investing in real estate requires strategy, speed, and expertise — and that’s exactly what we provide. Our team supports you through each phase of your project, from funding and construction draws to property sale and loan payoff. At Richard Thomas Ellis – Pilgrim Mortgage, we’re more than just lenders — we’re your long-term investment partners, helping you build financial success through smart real estate moves.