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Fix & Flip · Illinois

Fix & flip loans in Illinois — fund the deal, keep your cash.

Mortava fix & flip loans in Illinois: 620+ FICO, up to 95% LTC + 100% of rehab, 12–18 month terms — statewide.

Illinois is deep multifamily inventory and high rent-to-price ratios across Chicago’s neighborhoods. Mortava funds flips statewide — up to 95% LTC plus 100% of rehab, draws within 24 hours, and 2-hour term sheets — so you can move fast on deals in Chicago, Aurora, Rockford and beyond.

Up to 95% LTC + 100% of the rehab funded
Rehab draws reimbursed within 24 hours
First-time flippers welcome (620+) · close in 7–10 days
Send your Illinois project
2-hour term sheet · no hard credit pull.
Business-purpose financing for investors. Indicative terms only — not a commitment to lend.

Why flippers finance Illinois projects with Mortava

In a market like Illinois, speed and leverage decide your margin. Mortava funds up to 95% of cost plus the full rehab, reimburses draws within 24 hours, and sends indicative term sheets in about two hours — so you can compete on Chicago, Aurora, Rockford, Naperville deals and recycle capital into the next project faster.

Chicago’s neighborhood 2–4 units offer rent-to-price ratios most coastal investors can’t find at home. Illinois is a volume market: deep inventory, active property management, and debt-service math that works block by block.

Top metros we fund
Chicago, Aurora, Rockford, Naperville
Max leverage
Up to 95% LTC + 100% of rehab
Speed
Draws in 24h · close in 7–10 days · 2-hr term sheets
Terms
12–18 months · up to $5M · FICO 620+

BRRRR in Illinois

The same leverage that funds a Illinois flip funds the "buy and rehab" half of BRRRR. Renovate in Chicago or Aurora, rent it, then refinance into a 30-year DSCR loan instead of selling — our BRRRR method guide covers the handoff.

Guidelines reviewed July 2026 by the Mortava lending team.

Illinois fix & flip loan FAQ

Can I get a fix and flip loan in Illinois?
Yes. Mortava funds fix & flip projects across Illinois, including Chicago, Aurora, Rockford, Naperville. We lend up to 95% of loan-to-cost plus 100% of the rehab budget, so you keep cash in the deal.
How much can I borrow on a Illinois flip?
Up to 95% of the purchase price (LTC) plus 100% of your rehab budget, capped at roughly 75% of the after-repair value (ARV). Loan amounts up to $5M in Illinois.
Do you fund first-time flippers in Illinois?
Yes — first-time flippers are welcome in Illinois with a 620+ FICO. Stronger credit and prior projects unlock higher leverage.
Do you fund flips in Chicago and Aurora?
Yes — Chicago, Aurora, Rockford, Naperville and every other Illinois market. Leverage and pricing are driven by your experience, FICO, and the deal's numbers, not the zip code.
Can I BRRRR a Illinois property instead of selling it?
Yes. Many Illinois investors renovate with a Mortava flip loan in markets like Chicago, rent the property, then refinance into a 30-year DSCR loan — the BRRRR playbook. We finance both stages.
Fix & flip loans by state
Flip in ConnecticutFlip in DelawareFlip in FloridaFlip in GeorgiaFlip in HawaiiFlip in IdahoFlip in IndianaFlip in IowaFlip in KansasFlip in KentuckyFlip in LouisianaFlip in Maine
All Fix & Flip programs → DSCR loans in Illinois → Instant quote & pre-qualify →
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