Phoenix fix and flip loans fund up to 90% of the purchase and 100% of the rehab, capped at 75% of ARV.
A Phoenix fix and flip loan is a short-term, interest-only loan that funds the purchase and renovation of a house you plan to resell. With Ambition Lending, that means up to 90% of the purchase price and 100% of the rehab budget, capped at 75% of the after-repair value (ARV), from $100,000 with no fixed maximum — and because Arizona has no real estate transfer tax, a Phoenix flip carries lower transaction costs than flips in many other states.
For market data and local rules, start with the Phoenix hard money lender guide; statewide terms are on hard money loans in Arizona.
Key takeaways
- Loan = the lower of (90% of purchase + 100% of rehab) and 75% of ARV.
- Typical Ambition pricing: 8–12% interest-only and 2–4 points, deal-dependent.
- Rehab money is released in draws after inspections.
- No Arizona transfer tax; budget commissions, title, holding and financing costs instead.
- Phoenix's median home was built in 1985 (Census ACS 2020–2024): many flips are cosmetic plus HVAC, roof and water-heater work.
How much can you borrow? A Phoenix example
| Purchase price | $320,000 |
|---|---|
| Rehab budget | $60,000 |
| After-repair value | $480,000 |
| 90% of purchase + 100% of rehab | $288,000 + $60,000 = $348,000 |
| 75% of ARV | $360,000 |
| Loan (lower of the two) | $348,000 |
| Your cash at purchase, before points and costs | $32,000 |
An illustration, not a quote. Run your own numbers in the hard money loan calculator and the fix and flip profit calculator.
What does a Phoenix flip cost to carry?
At 10% interest-only, the $348,000 loan above costs $2,900 a month once fully drawn; 2 points is $6,960 at closing. Add insurance, property taxes, utilities and, on the sale, commissions and title. Arizona's constitution (Article 9, §24) bars real estate transfer taxes, and the recorder's affidavit fee is $2. Read holding costs explained and what selling costs take from profit.
What rehab work is typical in Phoenix?
Phoenix housing is mid-age: the median home was built in 1985 (Census ACS 2020–2024). That usually means kitchens, baths, flooring and paint plus systems at end of life — HVAC is a frequent line item in the desert heat — and roofs, water heaters and pool equipment. Homes built before 1978 fall under the EPA lead-safe (RRP) rule. Build the budget line by line with how to build a rehab budget lenders approve.
How do draws work?
The rehab portion is held back at closing. You complete a phase, request a draw, an inspector verifies the work, and funds are released. Plan to front the first phase. See hard money draw schedules explained.
How to get a Phoenix flip funded quickly
- Send the address, contract, scope of work, budget and ARV comps — the fix and flip document list.
- Get a term sheet within 24 hours on most requests.
- Order title and insurance immediately; most delays are third-party.
- Close, then draw rehab funds as work is inspected.
Thinking of holding instead? Refinance into a DSCR loan once the house is rented. Ready to go: fix and flip loans.
Frequently asked questions
How much can I borrow on a Phoenix fix and flip loan?
Up to 90% of purchase and 100% of rehab, capped at 75% of ARV, from $100,000 with no fixed maximum.
What do fix and flip loans cost in Phoenix?
Typically 8–12% interest and 2–4 points with Ambition Lending, plus third-party costs.
Is there a transfer tax on Phoenix flips?
No. Arizona bars real estate transfer taxes; the recorder charges a $2 affidavit fee.
How are rehab funds paid out?
In draws after each phase is inspected.
