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Hard money and fix and flip loans in Homestead, Florida
Loans for lower-priced houses, new construction and long-term rentals in Homestead and South Miami-Dade.
The Homestead market for investors
Homestead is at the southern end of Miami-Dade County, near Everglades and Biscayne national parks and the farms of the Redland. Much of the city was rebuilt after Hurricane Andrew in 1992, so many homes are newer than in the rest of the county.
Investors buy houses at some of the lowest prices in the county, hold them as long-term rentals and build new homes on lots in growing subdivisions.
Areas investors ask about
- Old Homestead and downtown: older houses to renovate
- Keys Gate and northeast Homestead: newer homes and townhomes in associations
- Florida City and the Redland: lower prices and larger lots
Plan for these on a Homestead deal
- Investment property gets no homestead exemption, and combined property tax rates are often close to 2% of taxable value. The 10% yearly cap on non-homestead value resets when the property sells, and Amendment 3, approved in November 2026, lowers that cap to 5% from 2027. Budget with full market value.
- In Miami-Dade, documentary stamp tax on a deed is $0.60 per $100 on a single-family home and $1.05 per $100 on other property, usually paid by the seller. A new mortgage adds note stamps of $0.35 per $100 and intangible tax of 0.2% of the loan.
- The county is in the High-Velocity Hurricane Zone, so new roofs, windows and doors need approvals rated for it. Price impact windows and the roof early.
- In a FEMA flood zone, a renovation costing 50% or more of the building’s value triggers current flood rules, which can mean elevating the house. Check the zone and the city’s counting rules before you set the scope.
- Newer subdivisions usually have association dues, which count in the payment.
Loans available in Homestead
| Program | Use it for | Top leverage |
|---|---|---|
| DSCR rental loans | Purchase or refinance of single-family rentals, duplexes, townhomes and small multifamily | 85% loan-to-value to buy, 80% on a cash-out refinance |
| Ground-up construction loans | Building a home, a duplex, a townhome or a small apartment building, lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value |
| Fix and flip loans | Purchase plus renovation of a property you intend to sell | 90% of the purchase price and 100% of the rehab, up to 70 to 75% of after-repair value |
| Portfolio and commercial loans | A group of rentals under one note, or multifamily and commercial property | 80% on a portfolio purchase; commercial priced per deal |
Homestead hard money loans: common questions
Yes, at up to 90% of cost for experienced builders, with the lot included.
Yes. We lend up to 85% loan-to-value on a rental purchase, qualified on the rent.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are ready. Rental and DSCR loans take about 30 days, appraisal included. Closings are handled by a Florida title agent or real estate attorney.
Looking at a property in Homestead?
Send the address, the price and what you plan to do with the property. We will reply with the leverage and pricing that fit your deal.