One of the only lenders in Alabama covering your full purchase price AND rehab costs. Birmingham-based consultant. Statewide lending.
If you're searching for fix and flip loans near me in Alabama, you've found the right place. I'm Jeremy Galloway — a Birmingham-based real estate investor and hard money loan consultant for Longhorn Investments. We provide fast, asset-based financing for flippers, BRRRR investors, and landlords across Alabama.
What makes us different: we're one of the only hard money lenders for flipping houses in Alabama that covers both the purchase and the full rehab cost — up to 100% of total cost, based on the After Repair Value (ARV) of your deal. Most lenders make you bring 20–30% to the table. We don't.
| Term | Details |
|---|---|
| Max Loan-to-ARV | Up to 70% ARV (fix & flip) · Up to 75% ARV (buy & hold / rental) |
| Financing Options | 100% of purchase + rehab cost — or 90% financing available at reduced rates |
| Interest Rate | Starting at 10.99%* (interest-only payments) |
| Origination Fee | As low as 1.99%* |
| Loan Term | 9 months + optional 3-month extension |
| Prepayment Penalty | None |
| Income Requirements | None — asset-based underwriting |
| Min Credit Score | 600 middle score — we pull all three bureaus and use the middle of the three scores, not the highest |
| Min Liquid Assets | $15K |
| Close Time | 5–10 business days |
| Property Types | SFR, 2–4 unit, townhomes (no condos or manufactured homes) |
| Appraisal | Required — ordered by Longhorn to determine ARV for the investment |
*10.99% interest rate and 1.99% origination fee reflect Loyalty Program pricing, available after 3 successfully paid-off deals with Longhorn. Standard rates may vary. All loans subject to approval. Terms and rates subject to change. Ask us if you qualify for Loyalty Program rates →
Tell me the purchase price, rehab budget, ARV, and exit strategy. I'll run the numbers and tell you if it's a fit — usually same day.
Streamlined approval process. No W-2s, no tax returns, no income verification. We focus on the asset and your exit plan.
Close in 3–5 business days. Rehab funds released in draws as work is completed. Sell, refinance, or extend — your call.
I live and invest in Birmingham. I know which neighborhoods pencil and which don't. That's local intel you don't get from an 800 number.
Also serving Huntsville, Montgomery, Mobile, Tuscaloosa, and all of Alabama.
Fix and flip loans in Alabama are short-term, asset-based loans that fund both the purchase and renovation of an investment property. Unlike bank loans, they're based on the After Repair Value (ARV) of the property — not what it's worth today. This allows us to finance up to 100% of your total cost (purchase + rehab), as long as the deal is within 70% of ARV.
Yes — this is one of our biggest differentiators. We're one of the only hard money lenders in Alabama that covers 100% of the total cost (purchase price plus rehab budget), as long as the deal stays within 70% of the After Repair Value (ARV). You still need a minimum of $15,000 in liquid assets, but you're not putting 20–30% down like a bank would require.
The minimum median credit score is 600. We're asset-based lenders — meaning the deal and the property drive the decision, not your W-2 or tax returns. No income requirements, no pay stubs needed.
Standard closing time is 5–10 business days. The biggest delays usually come from the appraisal and insurance — I'll walk you through how to get those lined up fast so nothing slows your deal down.
Eligible property types include single-family homes, 2–4 unit residential properties, and townhomes. We do not lend on condominiums or manufactured homes. Properties should be in or around Birmingham, Huntsville, Montgomery, Mobile, and other Alabama metro areas.
Yes — we do new construction loans, but with an important distinction. We lend to experienced spec home builders (investors building to sell), not to individuals building a personal residence or custom home for a buyer. If you've completed spec builds before and can demonstrate that experience, let's talk. New construction terms differ from fix and flip — reach out and I'll walk you through what's required.
For projects with rehab budgets over $100,000, we can structure the loan as a non-draw rehab loan. That means you're only financing the purchase at closing — the rehab funds are available to draw as work is completed, so you're not paying interest on money you haven't used yet. It's a smarter structure for larger projects and keeps your carrying costs down while the work is underway.
Longhorn has a dedicated app for submitting draw requests. Once work is completed on a line item, you submit photos directly through the app — no paperwork, no back and forth. An inspector verifies the work (typically within 1–2 days), and funds are ACH'd to your account. From photos submitted to funds in your account can be as fast as 48 hours. The inspection fee is $125 per trip, so batching completed work into fewer draw requests saves money.
See the full program details plus a real example showing loan amount, monthly payments, and projected returns on a Birmingham flip.
Request Your Net Sheet →We'll run the numbers on your specific deal and send back a sample net sheet within one business day.
Send me the purchase price, rehab estimate, and ARV. I'll tell you within hours if it fits — and what your loan would look like.