Investor · Texas
Fix & Flip in Texas
Flipping houses in Texas? Fast hard-money and bridge financing that funds purchase and rehab in one loan.
Common challenges we solve
- Need to move fast on auctions and off-market deals
- Want rehab funds rolled into the loan
- Variable exit timelines
What you get with Lumos
High leverage on purchase and rehab (business-purpose loans)
Fast closings possible on complete files
Interest-only during rehab
What's different in Texas
Texas doesn't have a state deed transfer tax, which helps flip margins, but property taxes accrue while you hold the home and newer areas may carry MUD or PID assessments. Most Texas foreclosure auctions are held at the county on the first Tuesday of the month, so financing needs to be lined up in advance.
Loan programs that typically fit
Frequently asked
- What credit score do I need?
- 660+ for best pricing; we have programs down to 620.
- Do I need flip experience?
- Not required for entry, but pricing improves with documented track record.
