This guide is part of my statewide financing library — the plain-English rundown of how each loan type works for Kentucky buyers, from Lexington subdivisions to Gorge cabins and everything between. I’m your agent, not your lender: programs described here come from licensed third-party lenders, and I’ll gladly introduce you to ones who know Kentucky.

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What You Can Use It For

• Buying distressed or auction properties conventional lenders won’t touch
• Funding renovation costs — up to 100% of the rehab budget
• Bridging a quick purchase before a refinance or resale
• BRRRR investors acquiring and rehabbing before the long-term refi

Why Borrowers Choose It

• Speed that lets you compete with cash buyers
• Rehab funding built in — up to 100% of renovation costs, released on draws
• No prepayment penalty: sell early and keep the difference
• Entry-level friendly: $10,000 minimum down payment and $50K minimum loans

Program Highlights

• Loan terms 12–18 months
• No prepayment penalty
• $10,000 minimum down payment
• Up to 100% of rehab costs available
• Loan amounts from $50K to $2 million
• Investment properties only — SFR, 2–4 units & condos

Highlights reflect lender program guidelines at the time of writing — programs change, and your terms depend on your full application.

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Flipping in Central & Eastern Kentucky

Richmond, Irvine, Winchester, and the county seats have exactly the housing stock flips are made of — solid bones, dated finishes, prices that leave margin. The regional edge: rehab budgets live or die on honest repair numbers, and through Central Property Services we see real repair costs on real houses here every week. Bring the deal and we’ll pressure-test the budget before the loan does.

Common Questions

How do rehab draws work?

The renovation budget is held and released in stages as completed work is inspected — the same discipline that keeps projects on schedule. Plan the draw schedule with your contractor before closing so the money and the work arrive together.

What kills flip deals?

Optimistic rehab budgets and slow timelines — every extra month is another payment. Underwrite the ugly version of the project, not the HGTV version. And in this market, the repair estimate is something we can gut-check with real contractor eyes.

Longer rehab or heavier lift? Compare hard money.

Equal Housing Lender. This is not a commitment to lend or extend credit. Programs, rates, terms, and conditions are subject to change without notice; all applicants are subject to credit and underwriting approval, and not all applicants will qualify. Program details shown reflect available lender guidelines at the time of writing and may differ at application. Consult your accountant about tax matters. The loan programs described on this page are offered by licensed third-party lenders, not by Marcos Gil. Marcos is a licensed Kentucky real estate agent — not a mortgage loan originator — and can introduce you to a licensed loan officer for any program here. Verify any lender or loan officer at NMLS Consumer Access: nmlsconsumeraccess.org.