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

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

Michigan 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 Michigan (MI), lenders underwrite to a Non-Judicial (Foreclosure by Advertisement) statutory framework (60–90 days (+ redemption)-day average timeline), a 1.38% average property tax rate (~$305/mo at the $265,000 state median), and $520/$100K hazard insurance (~$115/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)
MI Security Instrument
Non-Judicial (Foreclosure by Advertisement)
60–90 days (+ redemption) days avg timeline
MI Avg Tax & Ins
1.38% Tax
$520/$100K Hazard Ins

Michigan County-Level Property Tax & Insurance Hubs (3)

Wayne County, MI
Wayne County, MI · 1.95% Tax · $620/$100K Ins
Oakland County, MI
Oakland County, MI · 1.54% Tax · $560/$100K Ins
Kent County, MI
Kent County, MI · 1.38% Tax · $540/$100K Ins

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Michigan Fix & Flip Loans (2026) — Up to 90% Purchase + 100% Rehab (75% ARV Cap), 9.25% – 11.25% Interest-Only | Stephen R. Mannenbach | Stephen Mannenbach