Fix & Flip Loans in Michigan
Michigan fix-and-flip is concentrated in Detroit metro (Wayne, Oakland, Macomb counties), Grand Rapids, and Lansing. Michigan is non-judicial via deed of trust with relatively fast timelines (60-90 days typical). Detroit's lower entry prices ($50-150K range common) make it accessible for first-time flippers, though property condition and neighborhood selection require care.
Top Michigan markets for fix & flip
- Detroit / Wayne County: Lowest-entry US flip market; condition and location selection critical.
- Oakland County: Stronger neighborhoods at higher entry; healthier ARV trajectory.
- Grand Rapids: Growth market; suburban flip opportunities.
- Lansing / Ann Arbor: Smaller but stable markets.
Michigan quick facts
- •Non-judicial 60-90 days
- •6-month redemption period
- •MI RB License required
- •Detroit lowest US entry prices
Active programs available in Michigan
Bridge Loan for Investors
confirmed 5/9/2026Bridge refinance program for 1-4 unit, multi-family, and mixed-use properties allowing cash out of the entire budget on day one.
Bridge Loan for Investors
confirmed 5/9/2026Bridge loan program for rural properties up to 10 acres with loan amounts up to $10MM.
Fix & Flip Loan for Investors
confirmed 5/9/2026A residential transition loan program designed for real estate investors to finance property renovations and flips on non-owner-occupied properties.
Bridge Loan for Investors
confirmed 5/9/2026A streamlined short-term bridge loan program for non-owner-occupied investment properties, offering interest-only payments and no income documentation requirements for entity-based borrowers.
Bridge Loan for Investors
confirmed 5/10/2026Bridge loan program requiring no income verification or prior experience, with loan amounts up to $3MM.
Bridge Loan for Investors
confirmed 5/9/2026Bridge loan for multi-family and mixed-use properties with loan amounts up to $5MM.
Fix & Flip Loan for Investors
confirmed 5/9/2026Financing for experienced investors and developers focused on fix-and-flip projects with fast closing timelines.
Michigan Fix & Flip FAQs
Michigan foreclosure timeline?
Non-judicial via deed of trust. Sheriff's sale typically 60-90 days from notice. 6-month redemption period after sheriff's sale (longer for vacant or abandoned property).
MI contractor licensing for flips?
MI Residential Builder License required for any residential structural or non-cosmetic work. License holders carry continuing education requirements. Lenders verify.
Detroit-specific flip considerations?
Land bank acquisitions, side-lot programs, and neighborhood revitalization corridors can offer below-market entries. Title issues from prior tax foreclosures common - get extended owner's title insurance.
General fix & flip questions
How is the loan amount calculated?
Two caps apply at the same time: a percentage of purchase price (often 85–90%) plus 100% of rehab budget, AND a percentage of the as-completed value (ARV), typically 70–75%. The lower of the two caps governs.
Do I need experience to get a fix and flip loan?
No, but pricing improves with experience. Most lenders tier rates by completed flips in the last 24–36 months: 0 flips, 1–2, 3–5, 6–10, 10+. First-time flippers with a strong contractor and reserves can still qualify.
How are rehab funds disbursed?
Rehab is held in escrow and released through a draw process — typically 3–6 draws based on completion of scoped line items, with an inspector verifying each draw.
Got a Michigan fix & flip scenario?
Tell us the deal - we'll match you with the right Michigan lender and come back with current pricing.