Killeen fix and flip loans for the working flipper.
Built for the active flipper. 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. Killeen buys in low on the I-35 corridor, into an exit market that is flat rather than falling. Business-purpose only, and every structure is set in underwriting.
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.
Does a Bell County MUD overlay change the carry on a Killeen flip?
Plan on roughly 2% of value, and check for MUD overlays before you underwrite carry. The Killeen investor stack runs about 2.0019 per $100 of assessed value: Bell County 0.3128, the county road district 0.0199, the City of Killeen 0.7014, Killeen ISD 0.8778 and Central Texas College 0.09 (Bell CAD's 2025 Tax Rate Table). Investment property gets no homestead exemption and no appraisal cap, so the full number hits from day one. Watch for Bell County MUD overlays, which run 0.783 to 1.000 per $100 on top of everything else: a new-build parcel inside one can push the total stack near or above 3%, a full point higher than the Killeen baseline. Both Killeen and Temple raised their city rates for fiscal 2026, so budget the current adopted rate, not last year's bill. Talk to your CPA about how the carry affects your specific hold period.
Killeen permits at $0.20 a square foot. How long is the plan review clock?
Killeen's fee schedule is lower-cost and published; the clock runs about two to three weeks. New single-family, duplex, and townhouse construction fees out at $0.20 per square foot (minimum $200), plus a $0.04 per square foot plan review and a $10 application fee, in effect through September 2026; commercial remodel work runs $0.24 per square foot. Plan review generally runs 10 to 15 days depending on project type, with no expedited option offered. Build that into your 6-month fix and flip loan term before you schedule contractors: a permit that stalls three weeks eats a meaningful slice of a 6-month clock.
Only if the spread is made at purchase. Killeen-Temple's median list price was $289,000 in July 2026, down 3.4% from a year earlier and down 11.2% from the 2023 peak of $325,350. Median days on market ran 72, and roughly a third of active listings carried a price cut that month. No Killeen-specific flip-return figure has been published, so the closest benchmark is the Texas statewide number: a 9.9% flip rate and a 5.6% gross ROI in the first quarter of 2026, before rehab, carry, financing and selling costs. A flat market like this rewards a disciplined purchase price over a bet on appreciation. Run your numbers on the fix and flip calculator before you sign.
Where does Killeen flip inventory actually come from?
A lot of it comes from the post. Fort Hood carries 34,474 active-duty soldiers and 126,225 military retirees who use the installation, and a servicemember with PCS orders can end a residential lease under the federal SCRA (50 U.S.C. section 3955) with 30 days' notice and no early-termination penalty. That built-in break clause is the structural source of the metro's turnover, and it produces a steady stream of motivated sellers and make-ready work tied to permanent-change-of-station timing rather than the broader market cycle. Underwrite each deal on its own comps, not on a general 'military town' assumption: submarket values range from Killeen's $220,742 mid-tier to Salado's $494,112.
Can I flip a Killeen property into a short-term rental instead of reselling?
Yes, Killeen has a real STR program to sell into. The city legalized and began permitting short-term rentals effective October 2023, with registration open through its vendor portal since May 2024. The fee schedule prices an initial permit and inspection at $200, annual renewal at $100 and re-inspection at $75, with no density cap on where a permit can sit. That gives a flip exit some optionality beyond a straight resale in a market where the median list is taking 72 days to move. Temple's STR rules were not confirmed for this file, so do not assume the same posture applies outside Killeen city limits.
What is my 10% on a $220,000 Killeen flip purchase?
About 10% of the purchase, plus closing costs. We fund up to 90% of the purchase price and up to 100% of the rehab budget, capped to ARV. On a $220,000 Killeen purchase, close to the city's $220,742 mid-tier value, that is up to $198,000 from us and $22,000 from you (220,000 x 90% = 198,000), with the rehab drawn against the schedule instead of paid up front. Killeen is a flat market where the spread gets made at purchase, so carry a real contingency on top of that. Subject to underwriting.
Killeen's mid-tier value is $220,742. Is a flip that size above your $100,000 floor?
Our fix and flip loans run from $100,000 to $5,000,000, so most Killeen deals sit comfortably inside that band. Killeen's mid-tier home value was $220,742 in June 2026, the lowest entry point on the I-35 corridor, which means a typical purchase here clears the $100,000 floor without stretching. Where it gets tight is a deeply distressed house bought well under that mid-tier number, since the loan amount can land under the minimum even when the deal itself is sound. Send us the purchase price and the rehab budget and we will tell you straight where it lands. Subject to underwriting.
Yes. First-time flippers are welcome on this program. A fix and flip loan is asset-based, so the deal carries the file: we do run credit, but it counts for far less than it would at a bank, and there is no minimum credit score on this program. Weaker credit is usually handled with lower leverage rather than a decline, and there is no hard credit pull to get started. What we do want to see on a first Killeen deal is a purchase price that makes the spread on its own, in a market that is flat rather than rising, plus a rehab budget and a contractor you can hold to a schedule. Subject to underwriting.
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 2026-08-12.
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