Fix and Flip in Lubbock

Not directly, so price your own scope rather than borrowing the new-build math. The city's published FY2025-26 fee schedule sets new single-family building permits at $0.15 per square foot and mechanical, electrical, and plumbing permits at $0.07 per square foot each, with a $75 minimum permit fee and a 200% penalty for working without one. Those are the new-construction rates. A rehab pulls whatever subset of permits the scope actually triggers, so get the line items priced by the city's building safety department before you bid, rather than assuming a per-square-foot number. Review times run days to weeks rather than months, on vendor reporting the city does not publish, so build schedule slack in either way. Then put the permit line into the rehab budget.

By about 30 cents per $100 of value, and it depends on which side of a school district line the house sits. Every Lubbock County parcel pays a county-wide base of 0.430035 per $100 (county, the UMC hospital district, and a water district). Inside the city, Lubbock ISD parcels total 1.769426 per $100, versus 2.058926 in Frenship ISD and 2.069126 in Lubbock-Cooper ISD, both of which carry bond debt near their debt-service cap. On a $215,000 rehab-to-rental hold, that gap runs about $625 a year for identical city services. None of this gets a homestead exemption or the 10% appraisal cap, since the property is investment-use, and the 20% circuit breaker on non-homestead property expires December 31, 2026 and needs a full year of ownership to apply, which a purchase-rehab-sell inside a year never reaches. Confirm the ISD before you underwrite the hold, and talk to your CPA about your own situation.

Enough that roof class is a line item, not an afterthought. Hail has been the number one Texas homeowners loss peril in nine of the last ten years, with $4.93 billion in paid losses in 2024 statewide, and large hail struck the Lubbock area in October 2023 during what Cotality called a record year for Texas hail losses. A Lubbock insurance agency reports that a Class 4 impact-resistant roof can be the single largest discount available on a policy, sometimes 20 to 30 percent, with roof age and type as primary rating variables. A 15-year-old composition roof is a carrying-cost and resale problem here; a hail-rated replacement is one of the few rehab items that shows up directly in the buyer's insurance quote at closing. Lubbock is roughly 300 miles inland, so there is no TWIA windstorm program and no coastal wind pool, just the standard market, where a 2% wind and hail deductible has become the common Texas standard. A county-level average premium was not published at a reliable figure as of this writing, so get real quotes on the specific address before you finalize the pro forma.

It does, and Lubbock makes that side easier than most Texas metros. Metro mid-tier value is $214,267, and Slaton and Levelland stock sits under $150,000, both inside a 30-minute drive of Lubbock, Wolfforth and Idalou, where resale values run $213,000 to $268,000 and the buyer pool is deepest. That is a fraction of the capital a DFW or Austin flip requires. On the exit side, homes went under contract in a median of 46 days in July 2026, down from 49 a year earlier and faster than the Texas statewide average of 65 days, with active listings down more than 10% year over year, so the resale leg is not carrying the risk it would in a slower market. Run your specific numbers on the fix and flip calculator before you commit capital.

No, and be wary of anyone quoting you one. ATTOM's flipping reports name large metros only, and Lubbock does not appear in the accessible Q1 2026 or year-end 2025 releases, so there is no Lubbock-specific flip volume, margin or ROI figure to cite. What is sourced is the statewide picture: Texas flipped 9.9% of first-quarter 2026 sales, 6,367 flips, at a 5.6% gross ROI, a high-volume, thin-spread market where deals win on basis and speed rather than margin, and that gross figure excludes rehab, carry and financing before you even get to a Lubbock address. The Lubbock-specific case is the entry price and the exit speed covered above, not a citywide flip statistic. Send us the deal and we will underwrite it on its own numbers.

There is no minimum score on this loan. We do run credit, but on an asset-based fix and flip it carries far less weight than it would at a bank. The deal is underwritten on the purchase price, the rehab budget, and the after-repair value. Weaker credit is usually handled with lower leverage rather than a decline, and there is no hard credit pull to start the conversation. Send us the Lubbock address and the scope and we will tell you where it lands. Subject to underwriting.

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 $215,000 Lubbock purchase, near the metro mid-tier value of $214,267, that is up to $193,500 from us and $21,500 from you (215,000 x 90% = 193,500), with rehab drawn against the schedule instead of paid up front. Roof class is a real line item here, so carry a contingency for it on top of that. Subject to underwriting.

Loan amounts run from $100,000 to $5M. That floor matters in this metro more than in most, because Slaton and Levelland stock sits under $150,000 and a purchase-only request at that basis can land underneath it. Rehab funding is part of the picture, so bring us the purchase price and the budget together rather than the purchase alone, and we will tell you before you write the offer whether the deal clears. Subject to underwriting.

Yes. First-time flippers are welcome on this program. Experience helps, and so does a realistic scope, but it is not a gate. What we want to see is the numbers: purchase price, rehab budget, and a defensible after-repair value. Lubbock is a forgiving place to learn on, with a low entry basis and homes going under contract in a median of 46 days in July 2026, faster than the Texas statewide average of 65. Terms are the same program terms, set in underwriting. Subject to underwriting.