Last Updated: April 13, 2025

Step into Ohio’s thriving real estate market with a financing solution designed exclusively for investors and flippers. At OfferMarket, our Fix and Flip Finance Program is reinvented for Ohio—whether you’re targeting the urban vibrancy of Columbus, the cultural pulse of Cleveland, or the emerging potential in Cincinnati and beyond. Discover a financing plan that not only meets your project’s needs but propels your investment to new heights.

Why a Fix and Flip Loan in Ohio Is an Exceptional Opportunity

Ohio is a blend of affordable urban living and promising rural rejuvenation. With a robust local economy and a diverse mix of property types—from century-old homes brimming with character to modern condos in bustling downtowns—the Buckeye State offers a fertile ground for real estate transformation. Our program provides the liquid capital and expert backing you need to seize undervalued properties, renovate them to perfection, and capture impressive returns, all while mitigating the usual risks involved in property flipping.

What You Get with OfferMarket’s Fix and Flip Loan in Ohio

Our program is structured to deliver comprehensive support at every phase of your project, featuring clear, flexible terms and resources that streamline your investment process.

1. Loan Amount Details

• Minimum Loan Amount: $25,000 – Perfect for emerging investors or smaller-scale projects.

• Maximum Loan Amount: $2,000,000 – For extensive ventures requiring deeper experience and proven market data.

• How It Works: Your funding is determined by the acquisition cost, planned renovation budget, and projected After Repair Value (ARV), ensuring you receive the precise capital your project demands.

2. After Repair Value (ARV) Requirements

• Minimum ARV: $100,000 – Setting a foundation for profitability.

• Maximum Loan-to-ARV (LTARV): Up to 75% – New flippers might qualify for 70% on conservative projects, with higher percentages available for seasoned investors.

• Valuation Process: We rely on certified appraisal reports (using forms 1004/1007 for single-family homes) or our proprietary, expedited evaluations to establish your project’s true post-renovation worth.

3. Funding Breakdown

• Initial Purchase Funding: Receive up to 90% of the purchase price, reflecting your track record—new entrants secure 80% while established flippers can access as much as 90%. Adjustments are available for credit ratings below 720 or for qualified licensed contractors (+10%).

• Renovation Reserve: Access up to 100% of your renovation costs via our seamless app-driven draw system, with funds released within 0–2 days.

• Down Payment Requirement: Properties priced under $100,000 require a minimum down payment of $10,000.

• Material and Expense Draws: Enjoy flexible draw amounts, including funding for materials at 50% upon delivery before installation.

4. Interest Rate and Fee Structure

• Interest Rate: Variable and aligned with current market trends. Contact us to secure the most competitive rate for your project.

• Origination Fee: A rate of 1.5 to 2 points is applied (with a minimum fee of $2,000). For example, a $100,000 loan would incur a fee of approximately $2,000 at 2 points.

• Additional Charges: Includes $270 per draw, a $30 fee per wire transfer, and standard appraisal charges.

• Interest Calculation: For loans under $100K, interest accrues on the full loan amount; for larger loans, it accrues on disbursed funds only.

5. Loan Term Options

• Standard Term: A 12-month duration is typical, with the possibility to extend up to 18–24 months for projects requiring extra time.

• Extension Fees: Terms may be prolonged by up to an additional 50% of the original period (e.g., 6 extra months on a 12-month loan) at a fee of 1% per 3 months or 2.5% for longer extensions.

6. Repayment Arrangements

• Payment Structure: Benefit from interest-only payments during the project period, culminating in a single balloon payment at the end, which preserves your working capital during renovations.

• No Prepayment Penalty: Settle your loan early without facing any financial penalty.

• Recourse Terms: The loan requires full recourse, with 51% of your LLC or Corporation pledged for purchase transactions (100% for refinancing).

7. Exit Strategy Requirements

• Sale Exit: Ensure at least a 30% return on investment (ROI) along with a minimum profit of $15,000 upon closing the sale.

• Refinancing Exit: Maintain a post-rehab Debt Service Coverage Ratio (DSCR) of at least 1.1.

• Dynamic Options: Adapt your exit strategy between selling or refinancing, based on current market conditions in Ohio.

8. Eligibility Criteria

• Experience Levels: From novices (starting at Tier 1 with 80% advance) to expert flippers (Tier 5, eligible for 90% advance), experience is considered but not mandatory.

• Credit Score: A minimum score of 680 is required, with flexibility for scores between 660 and 679 in certain cases.

• Business Structure: Applicants must operate through a formal LLC or Corporation.

• Financial Reserves: Demonstrate access to closing funds and maintain 25% of your renovation budget in readily available assets.

9. Project and Property Specifications

• Eligible Properties: Include single-family homes (minimum 700 sq ft), duplexes, triplexes, quadplexes (each unit at least 500 sq ft), condos, townhomes, and community developments.

• Lot Size: Projects on properties up to 5 acres are welcome, accommodating both urban infill and rural revitalization.

• Scope of Renovation: Projects range from minor touch-ups (renovation costs under 25% of purchase price) to complete overhauls. Limitations on extensive rehabs apply to newer investors.

• Geographical Focus: The program covers all regions of Ohio, with rural projects subject to a -20% adjustment in advance and additional experience requirements.

10. Risk Assessment and Approval Process

• Underwriting Standards: We analyze your renovation scope, projected ARV, personal experience, and current Ohio market conditions (using recent comparables in key cities).

• Property Valuation: Rely on certified appraisals or our in-house assessment tools for precise valuation.

• Rapid Approval: Draw requests are processed within 0–2 days, with timely funding contingent on prompt document submission.

• Success Rate: With a default rate of less than 0.5%, our stringent approval process highlights our commitment to your success.

11. Support and Program Flexibility

• Expert Guidance: Our advisors act as your partners, offering project-specific calculators and customized renovation tips tailored to Ohio’s market nuances.

• Ongoing Oversight: Self-service draw inspections help you track project progress efficiently.

• Optional Advanced Draws: If needed, we can authorize advanced funding to ensure uninterrupted progress on your renovation.

12. Transparency and Full Disclosure

• Cost Samples: For a hypothetical $160,000 Ohio property, expect:

  • Origination Fee (2 points): Approximately $3,200

  • Draw Fee: $270 per disbursement

  • Wire Transfer Fee: $30 per transaction

  • Renovation Funding: Up to 100% of the approved renovation budget

  • Fee Transparency: All potential fees—including draw, wire, and extension charges—are clearly communicated before commitment.

• Additional Conditions: For rural projects or extensive renovations, adjustments may limit advance percentages to a maximum of 70% LTARV or 85–90% LTFC.

Profiting from Ohio’s Real Estate Renaissance

Consider an example in the heart of Columbus to see how our program fuels success:

• Purchase Price: $210,000

• Renovation Budget: $65,000

• After Repair Value (ARV): $335,000

Financing Outline:

• Loan Amount (75% of ARV): Approximately $251,250

• Upfront Funding (90% of Purchase Price for experienced flippers): $189,000

• Required Down Payment: $21,000

• Renovation Funds: $65,000 available through the loan structure

Following renovations, a sale at the projected ARV would allow you to clear the loan balance and unlock a healthy profit margin—illustrating the tangible benefits of our approach in Ohio.

Why Choose OfferMarket for Your Ohio Investment?

Our commitment at OfferMarket is to empower Ohio real estate investors with innovative, risk-managed financing that adapts to each project’s unique challenges. By choosing our Fix and Flip Finance Program, you gain:

• Competitive Funding Options: Secure up to 90% funding to efficiently fuel your renovations.

• Customized Repayment Plans: Benefit from a flexible, interest-only payment structure without prepayment penalties.

• Accelerated Processing: Experience streamlined approval and rapid disbursement, keeping your project momentum strong.

• Professional Advisory Support: Partner with experienced advisors dedicated to your project’s success and profitability.

Take the next step towards transforming Ohio properties into high-value assets. Request your loan today and join a community of savvy investors reshaping the Buckeye State.

Ohio Fix and Flip Loan: Documentation Requirements

To ensure a smooth approval process, we require detailed documentation to validate your project and assess risk. Please review the following requirements for both purchase and refinance transactions in Ohio.

Purchase Transaction Documentation

Refinance Transaction Documentation

Special Requirements for Loans Over $1M

Glossary of Key Terms

Get Your Instant Fix and Flip Loan Quote in Ohio

At OfferMarket, we believe in fueling Ohio’s real estate transformation with innovative, investor-friendly financial solutions. Our Fix and Flip Finance Program is designed to provide the capital, flexibility, and expert support you need to turn undervalued properties into lucrative investments. Request your instant quote today and start a new chapter of profitable real estate ventures in the Buckeye State.

Thousands of real estate investors get value from OfferMarket every month. Membership is entirely free and includes the following benefits:

💰 Private lending
☂️ Insurance rate shopping
🏚️ Off market properties
💡 Market insights