So, you found a perfect property to flip and you want to put in an offer to purchase…

Unfortunately, all traditional financial institutions have guidelines that restrict the ability to flip properties.

Calvert Home Mortgage can solve this roadblock!

We specialize in working with real estate investors, house flippers, and BRRR (Buy, Renovate, Rent, Refinance) enthusiasts. We lend to investors who buy, fix, and immediately resell properties for a profit.

Our team of experienced Underwriters will consult with you to create a plan to ensure you’re profitable on your next flip. We’ve been providing an effortless mortgage lending experience since 1975.

Apply for a house flipping loan now & have a response by tomorrow.

How Can Calvert Home Mortgage Help Me Flip A House?

Calvert Home Mortgage | House Flipping

We provide the education you need to make intelligent investments.

Calvert Home Mortgage views lending as a partnership. That’s why we are continually developing helpful tools and providing you with resources to support you in this competitive house flipping market.

Our in-house experts help you plan your flip and get you the capital you need.

We work with house flippers to maximize leverage options and create a plan to get the capital required to cash flow flip properties. Together we can quickly calculate the renovation budget and purchase, financing, operating, and selling costs. When you understand the numbers, you can find and close better deals.

There Are Many Important Factors to a Successful Flip:

Buy Right

Renovate for the Market

Stick to a Budget

Quick Renovation

Understand Reno Costs

Know Your Numbers

House flipping should be a profitable venture.
Let the Calvert Home Mortgage team be your partner in profitability!

Flip Product Snapshot

Here are the essential details you need to know:

Small Down Payment

The less money you put down means, the more house flipping opportunities you can seize. Calvert Home Mortgage calls this SMART leverage. In Alberta, start with as little as $10K down with purchase prices up to $400K. In Ontario, begin with as little as $20K down on properties valued up to $800K.

Fully Open Mortgages

Traditional financial institutions have payout penalties. With Calvert Home Mortgage, your mortgage is fully open, and there are no prepayment, payout or renewal fees – ever.

Reduced Fees With In-House Services

Calvert Home Mortgage provides flippers with in-house services, saving you time and money. We offer free same-day valuations at no cost to you through our very own in-house real estate analysts. In Alberta, we can help you close a purchase with the benefit of just one lawyer to act on behalf of yourself and Calvert Home Mortgage, which reduces legal fees and adds to the efficiency of the lending process.

Simple Approval Process

We can pre-approve clients before having a flip on the go. There is no minimum credit score, and we don’t look at debt service ratios.
Calvert Home Mortgage | Small Down Payment

I cannot say enough great things about CHMIC and Garrett at Calvert. They go above and beyond to make sure that you are successful and are very transparent. If you are tired of the conventional banks, definitely use Calvert. They are a huge asset to have on your team.

Juan Pablo Carrillo
Juan Pablo Carrillo

Our Underwriting Philosophy:

If it is a profitable deal, we want to be involved!

Calvert Home Mortgage | Flip Product Snapshot

We look at profitability first.

Will you make money on this flip? The Calvert Home Mortgage team supports your best profitability, and we carefully guide you to make the right investment decision.

We lend for success.

Using your budget and renovation descriptions, we value the property on its After Repaired Value, AKA: ‘as if renovated.’ Whether you are flipping a house, investing in a rental property, or executing on a BRRR strategy, we set you up for success by lending up to 80% LTV of the After Repaired Value.

We make it attainable.

As a house flipper, you cover the cost of renovations and carrying costs. In return, you make monthly interest-only loan payments. We ask for a minimum of $20K down in Ontario and 10K down in Alberta without exceeding 80% loan to the After Repaired Value (ARV).

Calvert Home Morgage’s underwriting process is simple and friendly. We want to establish a strong business relationship with you and help achieve a profitable house flip that makes you proud.

Terms & Financing

Solutions designed to give you house flipping superpowers.

Term: 6 months fully open with no prepayment penalty and no renewal fee.

Down Payment and Rates: We offer a product with the potential to put down as little as $10,000 in Alberta and $20,000 in Ontario. Our rates start at 9.99%.

Early Prepayment: This mortgage is fully open. There is no payout penalty.

Payments: Monthly interest-only loan payments.

Commitment Fee: This fee is a percentage of the net loan amount and is built into the mortgage.

Another way to help reduce your interest rate and costs is to provide another property as extra security. Calvert Home Mortgage can discharge our mortgage from all properties once the flip property sells or is refinanced and paid in full.

Calvert Home Mortgage can help you reach your house flipping goals.

Calvert Home Mortgage | House Flipping

Our Process is Fast & Effortless.

Our clients love our incredible response time! We offer a simple and fast approval process with a 24-hour commitment with as few conditions as possible.

We Make Business Personal.

Focused on your financial success, we take the time to understand your house flipping goals and provide trusted advice.

It has always been a pleasure working with Calvert Home Mortgage. Their flipping products are extremely helpful for my business. They provide much more than just lending on properties when it comes to purchasing them. I suggest anyone looking to flip in need of creative financing to contact Calvert.

Jason McNeill
Jason McNeill

Whether flipping one house or 40, Calvert Home Mortgage can help you secure the funding you need to reach your goals.

Phone: 403-278-0249 | Toll-free: 1-888-752-4642

Phone: 403-278-0249

Toll-free: 1-888-752-4642