FIX & FLIP LOANS · Washington (WA) Underwriting Matrix

Washington Fix and Flip Loans (Up to 90% Purchase LTC + 100% Rehab Financing) — 2026 Rates, LTV Caps & State Rules

Washington Fix & Flip Loans provide business-purpose real estate investors with Up to 90% Purchase + 100% Rehab (75% ARV Cap) across loan amounts from $100,000 – $15,000,000+ at 9.25% – 11.25% Interest-Only (12 – 18 Months Interest-Only (No Prepayment Penalty), 620 – 660+ FICO min FICO, 7 – 10 Business Days close). In Washington (WA), lenders underwrite to a Non-Judicial (Washington Deed of Trust Act — RCW 61.24) statutory framework (125–150 days-day average timeline), a 0.88% average property tax rate (~$414/mo at the $565,000 state median), and $450/$100K hazard insurance (~$212/mo).

Max Leverage / LTC

Up to 90% Purchase + 100% Rehab (75% ARV Cap)

Min FICO: 620 – 660+ FICO

2026 Rate Band

9.25% – 11.25% Interest-Only

12 – 18 Months Interest-Only (No Prepayment Penalty)

WA Security Instrument

Non-Judicial (Washington Deed of Trust Act — RCW 61.24)

125–150 days days avg timeline

WA Avg Tax & Ins

0.88% Tax

$450/$100K Hazard Ins

How Fix & Flip Loans Work in Washington (WA)

Fix and flip loans finance both the distressed property purchase (up to 85%–90% of purchase price) and 100% of the renovation budget via milestone draw reimbursements, capped at 70%–75% of After-Repair Value (ARV). Interest is charged only on disbursed funds on select wholesale shelves, with zero prepayment penalty upon resale or DSCR refinance.

1. Washington Median Benchmark

Median 1–4 unit price of $565,000 (75% LTV = $423,750) with Form 1007 rent of $3,750/mo and multifamily rent of $2,080/door.

2. Escrow & Title Underwriting

Washington operates under a Non-Judicial (Washington Deed of Trust Act — RCW 61.24) regime (125–150 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.

3. Fast-Track Closing (7 – 10 Business Days)

Close in your Washington LLC or Delaware LLC registered in WA with zero personal tax returns, W-2s, or 4506-C transcripts.

Washington County-Level Property Tax & Insurance Hubs (3)

King County, WA

King County, WA · 0.92% Tax · $480/$100K Ins

Pierce County, WA

Pierce County, WA · 1.04% Tax · $475/$100K Ins

Snohomish County, WA

Snohomish County, WA · 0.95% Tax · $475/$100K Ins

Explore Other Programs in Washington

Washington DSCR Loans (Up to 80% LTV Purchase / 75% Cash-Out)Washington Hard Money Loans (Up to 85%–90% LTC / 75% ARV)Washington Private Money Loans (Up to 80% LTV / 85% LTC)Washington Bridge Loans (Up to 80% LTV Acquisition / 75% Bridge Cash-Out)Washington Ground-Up Construction (Up to 85% LTC / 70%–75% Completed ARV)Washington Multifamily (5+ Units) (Up to 75%–80% LTV Purchase / 70%–75% Cash-Out)Washington Commercial Property (Up to 75% LTV)Washington Rehab & BRRRR Loans (Up to 85%–90% LTC + 100% Rehab Escrowed)Washington Cash-Out Refinance (Up to 75% LTV Cash-Out (Select 80% LTV Tiers))