Direct private lending in most states
Call us anytime at 512-617-9400
Apply now
Program 02

Fix and Flip in Amarillo

Amarillo fix and flip loans for the north-side corridor.

We fund up to 90% of the purchase price and up to 100% of the rehab budget, capped to ARV, on a 6-month interest-only term. In Amarillo the rehab spread sits in the older north-side stock, and a vacant rehab answers to the City Marshal's code enforcement. Business-purpose loans only, subject to underwriting.

Fix and Flip in Amarillo, TX from USA Mortgage
90%
of purchase
100%
of rehab
Same day
term sheet
$5M
max loan

Typical figures, subject to underwriting and market conditions. Not a commitment to lend.

How it works

Draws are reimbursed quickly as work is completed, and a dedicated closer stays with your file from term sheet to payoff. You can get a term sheet the same day, and we typically fund within 48 hours of clear title, so most flips close in 5-7 days as soon as title and insurance come together.

Who it's for
Active fix and flip investors
First-time flippers welcome
Single-family and 1-4 units
Value-add and distressed buys
Auction and on-market deals
Typical terms
Loan amount$100K to $5M
Purchase leverageUp to 90% LTP
Rehab fundingUp to 100%
Term6 months
RateFrom 9.99%*
PaymentsInterest-only
Apply now

*Typical terms, subject to underwriting and market conditions.

Run your Fix and Flip numbers.

Pressure-test the deal in seconds with our free fix and flip calculator, no sign-up required.

Open the Fix and Flip calculator
More tools:BRRRRHard Money Cost
Local FAQ

Fix and Flip in Amarillo, answered.

Where is the rehab spread in Amarillo?
On the Potter County side, in the older north-side stock. Potter County's average 2023 mortgage loan was $174,400 against $228,000 in Randall County, and the home-purchase average was $200,300 against $251,800. That gap reflects the older Amarillo ISD, River Road, and Highland Park stock north of the newer Randall subdivisions, which is where a lower entry basis leaves room for a rehab. Randall originates roughly 2.2 times Potter's loan count, so the south side is the deeper resale market.

Sources: ffiec.cfpb.gov

What does exit risk look like on an Amarillo flip right now?
Smaller than in most Texas metros at the moment, but the margin is not published. Active listings were 781 in August 2026, down 26.5% from a year earlier, median days on market was 49 against 54, and Zillow's mid-tier single-family value was $221,935 in July 2026, up 3.4%. We found no Amarillo-metro flip rate or profit figure. The statewide fallback is ATTOM's Q1 2026 Texas gross ROI of 5.6%, which is resale price against purchase price only and excludes rehab, carry, and financing, so it is not a project return. Underwrite your own ARV with local comps.

Sources: fred.stlouisfed.org, attomdata.com

What property tax does an Amarillo flip carry while it is held?
No homestead exemption, and the county line decides the stack. On 2025 rates the Potter County side of Amarillo totals 2.112080 per $100 and the Randall County side 1.922830, about $401 a year apart on a $212,025 house. Which county a north-side address falls in is therefore a carry decision, not a detail. Both counties are appraised by one Potter-Randall Appraisal District, with a statewide protest deadline of May 15 or 30 days after the appraisal notice. Verify the parcel's account before quoting a total.

Sources: comptroller.texas.gov

Can a vacant rehab draw code enforcement in Amarillo?
Yes, and the city's own categories describe a typical rehab. Amarillo consolidated code enforcement into a City Marshal's Office. Its published, complaint-driven violation categories include dangerous structures (vacant, unsecured, damaged, or unsafe buildings), open or unsecured structures, occupying a home without city utilities, junk vehicles, and a weed and tall grass ordinance that requires vegetation under eight inches on vacant lots as well as occupied property. That is our read of the published categories, not an enforcement statistic. Budget for board-up, scheduled mowing, and utilities left on during the hold.

Sources: amarillo.gov

What do Amarillo permits cost on a rehab?
A remodel or addition permit is the square footage times $0.32, with a $135 minimum. As an illustration, a 1,200 square foot scope works out to $384. Standalone electrical, plumbing, or mechanical permits are $68 each, re-inspection is $68, and a wrecking permit is $111 plus a lot clearance bond. Permitting runs through the MGO Connect portal. The city's master plan program quotes up to 2 to 3 weeks for the initial review and 3 to 5 business days to issue individual projects once a master plan is on file, with no timeline published for a one-off project. The fee schedule prints no effective date, and we did not confirm whether any impact fee applies, so check with Building Safety.

Sources: amarillo.gov

What insurance risk should an Amarillo flip budget for?
Hail, on the roof, and on a vacant property. In 2025, paid homeowners wind and hail losses ran $3,088 per policy in Potter County and $3,270 in Randall County, about 91% of total paid losses in each, roughly 5 times Bexar County's wind figure of $594. A 2% wind and hail deductible on a $212,000 house is about $4,240 per event. Builders risk and vacant-dwelling premiums are a real line on a flip, though we found no published dollar figure for either. Get a bound quote on the specific property before you close.

Sources: tdi.texas.gov

More Fix and Flip questions, answered on the program page

Resources

Guides for Fix and Flip

Fix and Flip · 6 min read
Fix and Flip Loan Requirements: What You Need to Get Funded
Read the guide
Strategy · 6 min read
Financing the BRRRR Method: Buy, Rehab, Rent, Refinance, Repeat
Read the guide
Fix and Flip · 5 min read
What Is ARV (After-Repair Value) and How Do You Calculate It?
Read the guide
Rates & Costs · 5 min read
Hard Money Loan Rates and Costs, Explained
Read the guide
Browse all guides
Compare

Fix and Flip vs. other options

Comparison
Hard Money vs Private Money
See the comparison
Comparison
Hard Money vs Conventional Loan
See the comparison
More in Amarillo

Other programs in Amarillo

Second MortgageKeep your first mortgageRental / DSCR30-yr fixed, DSCR from 0.75Ground-Up ConstructionUp to 70% LTV, most statesCRE BridgeUp to $10M, 24-36 moTransactional FundingSame-day double-close capitalBank Statement / No-DocNo tax returns requiredConventional InvestmentNon-owner-occupied investmentPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement

Fix and Flip elsewhere in Texas

All Amarillo loan programs
About the local figures on this page

Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.

Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-09-04.

Funding Amarillo deals fast.

Get real terms, usually same day. No obligation, no hard credit pull to start.

Apply nowTalk to us