Nebraska Fix and Flip Loan
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Last Updated: April 13, 2025
Welcome to OfferMarketâs Fix and Flip Loan Program, designed especially for real estate investors in Nebraska! Whether youâre renovating a house in Omaha, tackling a property in Lincoln, or exploring opportunities in the stateâs rural areas, our program provides the capital and flexibility you need to flourish. Below, weâll walk you through how our loan program works and how you can capitalize on Nebraskaâs thriving real estate market.
Real estate in the Cornhusker State is buoyed by a healthy job market, affordable property prices, and robust infrastructure developments. Investors can find opportunities in metropolitan hubs with growing populations, such as Omaha and Lincoln, or in smaller towns that benefit from Nebraskaâs friendly business climate and steady growth. With relatively low property taxes and a cost of living that remains below the national average, Nebraska is an attractive destination for both homeowners and renters, ensuring a reliable pool of buyers and tenants.
Read on for a detailed breakdown of how our loan program works, the documentation youâll need, and how you can profit from fix-and-flip investments in Nebraska.
Why a Fix and Flip Loan in Nebraska Is a Smart Investment
Nebraska has a solid reputation for stable economic growth, a strong job market, and affordable property pricesâfactors that create a prime environment for real estate investors. From bustling metropolitan areas like Omaha and Lincoln to smaller communities across the state, there are ample possibilities to find undervalued properties and turn them into profitable ventures.
Over the past few years, Nebraskaâs housing market has appreciated steadily, propelled by new infrastructure, job opportunities, and relatively low property taxes. With a cost of living well below the national average, Nebraska appeals to homebuyers and renters alike. This mix of affordability and ongoing development forms a solid base for successful fix-and-flip projects.
By leveraging OfferMarketâs Fix and Flip Loan in Nebraska, you can secure the funding required to acquire, renovate, and sell properties, whether theyâre single-family homes or multi-unit buildings. Our flexible terms and diverse funding solutions ensure youâll have the resources you need to succeed in the Cornhusker State.
What You Get with OfferMarketâs Fix and Flip Loan in Nebraska
Weâve created a loan structure that caters to both newcomers and experienced investors. Below is an overview of the key features of our program:
1. Loan Amount Details
Minimum Loan Amount: $25,000 â Ideal for smaller, quick flips.
Maximum Loan Amount: $2,000,000 â Suited for bigger undertakings. Loans above $1M require 3+ years of experience and strong comparable sales (comps).
How It Works: Your loan size is determined by the purchase price, estimated rehab budget, and After Repair Value (ARV) to ensure you have the necessary funds.
2. After Repair Value (ARV) Requirements
Minimum ARV: $100,000 â Aims to keep your project profitable.
Maximum Loan-to-ARV (LTARV): Up to 75% â Adjusted by experience level. Newer investors may qualify for 70% (light rehabs), while seasoned investors can access 75% (moderate rehabs).
Valuation: We use appraisals (e.g., 1004 + 1007 for single-family homes) or in-house valuations for accurate ARV determinations.
3. Funding Breakdown
Initial Advance: Up to 90% of the purchase price, depending on experience. New investors typically receive 80%, while experienced flippers can get 90%. Credit scores below 720 may lower this advance, while using licensed contractors can raise it by up to 10%.
Construction Holdback: Up to 100% of the rehab costs, released via quick, app-based draw requests with a turnaround of 0â2 days.
Down Payment: A minimum of $10,000 for properties priced below $100K.
Draws: No minimum or maximum amount. For delivered but uninstalled materials, we fund 50% of costs in advance.
4. Interest Rates and Fees
Interest Rate: Flexible and subject to market conditions. Contact us for current rates.
Origination Fee: Ranges from 1.5 to 2 points (with a $2,000 minimum). For instance, 2 points on a $100,000 loan equates to a $2,000 fee at closing.
Other Fees: Draw fees of $270 per draw, wire fees of $30, plus appraisal expenses.
Interest Accrual: For loans under $100K, interest accrues on the full loan amount. For loans above $100K, you pay interest only on the disbursed funds.
5. Loan Term
Duration: Standard term is 12 months, with possible extensions to 18â24 months for select projects.
Extensions: You may extend up to 50% of the original term (e.g., 6 months on a 12-month loan). Extension fees are 1% for an additional 3 months, or 2.5% for 6 months.
6. Repayment Structure
Payments: Interest-only throughout the term, with a balloon payment due at the end. This setup preserves your cash flow for renovations.
Prepayment Penalty: None. You can pay off your loan anytime without penalty.
Recourse: Full recourse with 51% of your LLC or Corporation guaranteeing the loan on purchases (100% guarantee on refinances).
7. Exit Strategy Requirements
Sale: A minimum of 30% ROI and at least $15,000 in profit once the property is sold.
Refinance: A post-repair Debt Service Coverage Ratio (DSCR) of at least 1.1 for refinancing.
Flexibility: Based on market conditions, you may switch between flipping or holding the property as a rental, giving you dual-exit possibilities.
8. Eligibility Criteria
Experience: Not mandatory. First-time flippers start at Tier 1 (80% purchase advance), while those with 10+ completed projects can achieve Tier 5 (90%).
Credit Score: Minimum 680 (possible exceptions for 660â679).
Borrowing Entity: Must be structured as an LLC or Corporation.
Cash Reserves: Sufficient funds to close, plus 25% of your rehab budget in liquid accounts (bank, brokerage, or retirement).
9. Project and Property Requirements
Eligible Properties: 1â4 unit residential homes â single-family (âĽ700 sq ft), duplex/triplex/quadplex (âĽ500 sq ft per unit), condos (âĽ500 sq ft), townhomes, and PUDs.
Maximum Acreage: Up to 5 acres, accommodating more rural Nebraska properties.
Rehab Scope: Ranges from light repairs (under 25% of purchase price) to full-scale renovations (100%+ of purchase price). Novice investors can do light to moderate rehabs.
Location: We lend in Nebraska exclusively. Rural properties face a -20% advance adjustment and require 3+ years of investing experience.
10. Risk and Approval Process
Underwriting: We review ARV, rehab scope, your experience, and broader Nebraska market conditions (for example, Omaha comps vs. more rural towns).
Valuation: We rely on either a third-party appraisal or our in-house valuation, depending on your project needs.
Approval Timeline: Draw requests are processed in 0â2 days. Initial funding speed depends on how quickly you finalize your documentation. We prioritize getting your deal funded fast.
Default Rate: We maintain a default rate below 0.5%, reflecting our focus on supporting successful outcomes.
11. Support and Flexibility
Guidance: Think of us as both a deal advisor and a risk manager, offering rehab calculators and scope-of-work tips geared to Nebraska.
Rehab Oversight: Our self-serve draw inspection platform keeps you firmly in control of your project.
Advanced Draws: Granted at our discretion, ensuring you have funds at crucial stages of the renovation.
12. Transparency and Fine Print
Sample Costs: For a $150,000 Nebraska property, you might see:
Origination Fee (2 points): $2,000
Draw Fee: $270 per draw
Wire Fee: $30 per wire transfer
Rehab Costs: Up to 100% covered, depending on your loan terms.
Hidden Costs: None. We disclose all draw fees, wire fees, and any extension fees from the start.
Rural/Complex Terms: Rural Nebraska flips incur a -20% advance adjustment, and extensive rehabs may be limited to 70% LTARV or 85â90% Loan-to-Full-Cost (LTFC).
Why Choose OfferMarket for Your Fix and Flip Loan in Nebraska?
Competitive Terms: Secure up to 90% of your project costs.
Flexible Repayment: Interest-only payments, no prepayment penalty.
Rapid Processing: Swift draw approvalsâoften within 0â2 days.
Expert Guidance: Our seasoned team offers personalized support throughout.
Transparent Fees: No hidden surprises; everything is clear upfront.
Dual Exit Strategy: Flip or rent, depending on the shifting Nebraska market.
Proven Record: With a default rate under 0.5%, weâre dedicated to your success.
Launch your next fix-and-flip project with OfferMarket and make the most of the opportunities in Nebraskaâs real estate market!
How You Can Profit from Nebraska Real Estate
Letâs explore a sample scenario to see how you might earn with our Fix and Flip Loan in Nebraska:
Purchase Price: $200,000
Rehab Budget: $40,000
After Repair Value (ARV): $300,000
Loan Breakdown:
Loan Amount (75% of ARV): $225,000
Upfront Funding (90% of purchase price for experienced investors): $180,000
Down Payment: $20,000
Rehab Funds: $40,000 included in the loan
Profit Breakdown:
After renovating and selling for an estimated $300,000, youâll pay back the loan. Any remaining amount, minus rehab costs, fees, and other expenses, forms your profit. Depending on the final sale price, your return could be substantial.
Nebraska Fix and Flip Loan: Documentation Requirements
A smooth and efficient approval process hinges on having the right paperwork. Here are the essential documents we require to evaluate your project and confirm loan eligibility.
Purchase Transaction Requirements
For all purchase transactions in Nebraska, please provide:
| Loan File Section | Document |
|---|---|
| Purchase Contract | Fully executed by buyer and seller. |
| Credit Report | Soft tri-merge for each guarantor. |
| Background Report | Required for all individuals in the borrowing entity. |
| Track Record | Needed for each member of the borrowing entity. |
| ID Verification | Government-issued ID (driverâs license, passport, Green Card). |
| Borrowing Entity | Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9. |
| Scope of Work | Detailed rehab budget to confirm ARV. |
| Appraisal Report | Weâll send a link to pay the appraisal invoice; the completed report goes into your file. |
| Bank Statements | Two most recent statements for each guarantor (personal accounts are acceptable). |
| Letter of Explanation | Provided if underwriting requests clarity on large deposits, payment history, or other background factors. |
Refinance Transaction Requirements
For refinances, requirements mirror purchase transactions:
| Loan File Section | Document |
|---|---|
| Settlement Statement | Executed by both buyer and settlement agent. |
| Credit Report | Soft tri-merge for each guarantor in the borrowing entity. |
| Background Report | Required for every individual in the borrowing entity. |
| Track Record | Must be provided by each individual in the borrowing entity. |
| ID Verification | A government-issued ID (driverâs license, passport, Green Card). |
| Borrowing Entity | Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9. |
| Sunk Costs | A breakdown of any expenses already spent on the property. |
| Scope of Work | Detailed rehab budget to establish the ARV. |
| Appraisal Report | Youâll receive a link to pay for the appraisal, which is uploaded upon completion. |
| Bank Statements | Two recent statements for each guarantor, personal accounts allowed. |
| Letter of Explanation | Supplied if underwriting needs clarification. |
Special Requirements for Loans Over $1M
For larger loans (over $1M and up to $2M), additional qualifications apply to ensure the projectâs feasibility and the borrowerâs financial strength:
| Criteria | Explanation |
|---|---|
| Experience | At least 3 similar, successfully completed projects at comparable price points. |
| Market Liquidity | Minimum of 3 comparable sales within a 2-mile radius, sold via MLS in the last 6 months. |
| Credit Score | Minimum 680 with at least 5 trade lines and 24 months of credit history. |
| Rural Designation | Not eligible if the property is categorized as rural by official sources. |
| Track Record | Each member of the borrowing entity must provide evidence of completed deals. |
Glossary of Key Terms
Below are some important loan-related terms and their definitions:
| Term | Definition |
|---|---|
| ADU | Accessory Dwelling Unit: A secondary living space on the same parcel as the main property. |
| Arms-Length | A deal between independent parties, ensuring fair market value. |
| Non-Arms-Length | A deal where a personal or business relationship could impact fairness or pricing. |
| Initial Advance | The part of the loan allocated for purchasing the property. |
| Construction Holdback | Funds earmarked specifically for renovation costs. |
| LTARV | Loan-to-After-Repair Value: The loan amount divided by the propertyâs projected post-renovation value. |
| LTC | Loan-to-Cost: The loan amount relative to both the purchase price and rehab expenses. |
| LTFC | Loan-to-Full-Cost: The loan amount compared to the total cost (purchase price + rehab). |
Get an Instant Fix and Flip Loan Quote in Nebraska
OfferMarket is your premier partner for real estate investing in Nebraska. Our Fix and Flip Loan program provides the flexibility and attractive terms you need for profitable real estate projects. Ready to transform an undervalued property into a lucrative investment? Request an instant quote today and set your fix-and-flip journey in motion!
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