Hard Money Lenders in Auburn, ME | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inAuburn, Maine

Fix and flip, DSCR rental and new construction financing for Auburn investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price an Auburn deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO · October 2026
How we work

What you get working with us

400+
Lenders we shop your deal across
7-30
Days to fund, by program
100%
Of rehab funded, released in draws
9.50%
Rates from, in Maine, with 2+ completed flips
Run the numbers

Price an Auburn deal right now

Prefilled with a realistic Auburn deal. Change any number and it reprices instantly on the lanes licensed in Maine, using the same engine behind our term sheets.

Enter your numbers to see the program, loan size and cash to close.
Get a real term sheet →Same math as our term sheet. No credit pull, nothing saved.
The market

Financing a deal in Auburn

Auburn is Lewiston’s twin across the Androscoggin, smaller and more single family. Its in town neighborhoods, New Auburn and the streets around Union Street and downtown, have older singles and two families from the shoe factory era, while most of the city is postwar capes, ranches and split levels, with rural lots out toward the west. It shares a job market with Lewiston and sits on the Maine Turnpike, an hour or less from Portland.

Auburn’s flips are mostly suburban style homes from the 1950s to the 1980s bought from long time owners, and the scope is predictable: roofs, furnaces, windows, kitchens, baths, and basements that take on water. Prices fell over the past year while homes still sell close to list, so the deal has to be priced on today’s renovated sales, not last year’s peak. Older New Auburn homes can work, but budget them like downtown Lewiston.

A real term sheet

What an Auburn deal looks like on paper

Auburn example: $200,000 purchase, $60,000 rehab, $355,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Say a 1960s ranch off Minot Avenue with a wet basement, an old furnace, worn floors and a kitchen and bath that were never updated. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$234,000
Cash to close$43,576
Proof of funds to show$71,464
Where the $43,576 goes
  • Down payment (10% of purchase plus rehab)You$26,000
  • Origination (2.13%)Lender$4,973
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,340
  • Title and closing (estimate at Texas rates)Title$3,492
  • Prepaid interest (15 days)Lender$961
  • Property insuranceInsurer$2,470
  • AppraisalAppraiser$550

Interest while you rehab: $1,449 a month on the $174,000 funded at closing, $1,948 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $11,688 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Programs

What we can fund in Auburn

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate 9.99% at 2 to 2.25 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% at 1.5 to 1.75 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% and 2 to 3 points, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

What we check first

Where Auburn prices sit right now

Before we price an Auburn flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Auburn median sale price at $315,000 over the three months through September 2026, down 12.5% from a year earlier, with homes selling in about 32 days and 74 sales in September.

Median sale price, Auburn (Redfin, 3 months to Sep 2026)$315,000
Days on market, Auburn (Redfin)32
Homes sold in September 2026 (Redfin)74
Share of properties at severe 30-year flood risk (First Street via Redfin)6%

Sources: Redfin, Auburn ME housing market

Underwriting

How an Auburn file actually gets priced

We comp Auburn against Auburn first. Lewiston sales are close by but the housing mix is different, and a downtown Lewiston tenement says nothing about an Auburn ranch. New Auburn prices below the rest of the city. Rural west side homes on well and septic need those systems tested, and an appraiser will look hard at lot size and road frontage when comps are spread out.

Redfin’s First Street data puts about 6% of Auburn properties at severe 30 year flood risk, concentrated in New Auburn along the Androscoggin and the Little Androscoggin. The other Auburn quirk is Lake Auburn: it supplies drinking water for both cities, and land in its watershed carries extra limits on building and septic, so check before planning an addition or a new lot. Maine’s transfer tax is split between buyer and seller.

The exit

Who buys your finished Auburn deal

The finished Auburn house sells to first time buyers and families from Lewiston and the surrounding towns, plus some buyers coming up from southern Maine for the price. They want a dry basement, efficient heat and a clean kitchen at a payment that beats rent. Two families in New Auburn sell to owner occupants and local landlords, and a DSCR refinance is a reasonable second exit.

After you apply

Your whole loan, in one portal

Apply once and the whole Auburn loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.
What happens after you apply →Tour the borrower portal
Loan products

What we fund in Auburn

Fix & Flip

Purchase plus 100% of rehab, released in draws. The core product in Auburn.

0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV · 10% down from 9.99% at 660+ credit on a first flip

DSCR Rental

Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.

30-year · no income docs

New Construction

Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.

Land + build financing
Coverage

Where we lend in Auburn

We broker deals across the whole Auburn market. These are the submarkets investors ask us about most:

New Auburn (04210)Downtown and Union Street (04210)Minot Avenue corridor (04210)East Auburn (04210)West Auburn and the rural west side (04210)Washington Street and Danville (04210)
Process

From deal to funded

01

Send the deal

Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.

02

We shop it

Your scenario goes to the lenders in our network that actually fit it and are licensed in Maine, not all 400 at once.

03

Real terms back

Rate, origination, leverage and cash to close side by side, so you can compare on total cost.

04

Close

Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Questions

Auburn hard money FAQ

Do you lend hard money in Auburn?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Auburn scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Maine, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Auburn?
As of October 2026: First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can an Auburn hard money loan close?
In Maine, once the file is complete, the programs for investors with completed flips close in 7-14 days (10-14 on 5% down with 5+ flips, 21-30 on 7.5% down with 3+ flips) and a first flip on the 10% down program closes in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on an Auburn flip?
The worked example on this page is a $200,000 Auburn purchase with a $60,000 rehab and a $355,000 after repair value at 730 credit, first flip: $26,000 down (10% of purchase plus rehab) and $43,576 total cash to close, with $71,464 of proof of funds to show the lender. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Auburn?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for an Auburn fix and flip loan?
The lowest credit floor among the Auburn programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.50%, needs 620+ credit and 2+ completed flips. Depending on the program, origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance an Auburn flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way an Auburn flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Can I finance a first flip in Auburn, Maine?
Yes. In Maine a first flip can be priced at 10% down with 660+ credit (from 9.99%). The worked example on this page is priced as a first deal. Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.
Does the Lake Auburn watershed affect my project?
It can. The lake is the public water supply for Auburn and Lewiston, and properties in its watershed face stricter rules on septic systems and new building. A cosmetic flip is usually unaffected, but an addition, a new septic or a lot split needs a check with the city first.
Who you are working with
Micah Foster
Founder & CEO
Micah Foster
Micah brokers Non-QM and hard money loans for real estate investors across 37 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.
Send Micah your Auburn deal →
Keep reading

Before you sign anything

Loan Cost
Dutch vs standard interest: what it really costs you
Read article →
Cash Needed
Cash to close on a flip: the number most investors miss
Read article →
Term Sheet
How to get an instant hard money term sheet
Read article →
Broker
Direct hard money lender vs broker: the honest breakdown
Read article →
Hard money in Lewiston →Hard money in Portland →Hard money in South Portland →All Maine coverage →

Ready to fund your Auburn deal?

Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.

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