FIX & FLIP LOANS · Delaware (DE) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

Delaware Fix and Flip Loans (Up to 90% Purchase LTC + 100% Rehab Financing) — 2026 Rates, LTV Caps & State Rules

Delaware Fix & Flip Loans provide business-purpose real estate investors with Up to 90% Purchase + 100% Rehab (75% ARV Cap) across loan amounts from $100,000 – $15,000,000+ at 9.25% – 11.25% Interest-Only (12 – 18 Months Interest-Only (No Prepayment Penalty), 620 – 660+ FICO min FICO, 7 – 10 Business Days close). In Delaware (DE), lenders underwrite to a Judicial (Scire Facias Sur Mortgage) statutory framework (170–230 days-day average timeline), a 0.57% average property tax rate (~$173/mo at the $365,000 state median), and $460/$100K hazard insurance (~$140/mo).

Max Leverage / LTC

Up to 90% Purchase + 100% Rehab (75% ARV Cap)

Min FICO: 620 – 660+ FICO

2026 Rate Band

9.25% – 11.25% Interest-Only

12 – 18 Months Interest-Only (No Prepayment Penalty)

DE Security Instrument

Judicial (Scire Facias Sur Mortgage)

170–230 days days avg timeline

DE Avg Tax & Ins

0.57% Tax

$460/$100K Hazard Ins