Broker, not a lenderHard Money Lenders inBangor, Maine
Fix and flip, DSCR rental and new construction financing for Bangor 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.
Prefer to talk it through? Call or text Micah at (281) 636-5682.
What you get working with us
Price a Bangor deal right now
Prefilled with a realistic Bangor deal. Change any number and it reprices instantly on the lanes licensed in Maine, using the same engine behind our term sheets.
Financing a deal in Bangor
Bangor is the service center for northern and eastern Maine, the place a huge rural region comes for hospitals, shopping and the airport. Its housing is old and handsome near the center: the West Side and Broadway are lined with Victorians and big colonials from the lumber boom, Fairmount and Little City have early 1900s singles and small multifamily, and the edges hold postwar capes and ranches. Prices are among the lowest of any Maine city with real job demand.
Bangor is a slower market than southern Maine, and that changes the flip math. Homes take well over a month to sell and often close a little under list, so the profit has to be made on the purchase and the budget, with a hold long enough for the season. Heat is the line buyers care about most this far north: an old oil boiler, no insulation or drafty windows can sink a sale, so heat pumps and weatherization belong in most Bangor scopes.
What a Bangor deal looks like on paper
Bangor example: $170,000 purchase, $55,000 rehab, $310,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Think a 1900s West Side Victorian with an oil boiler near the end, uninsulated walls, a kitchen from the 1980s and slate on the roof. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (10% of purchase plus rehab)You$22,500
- Origination (2.13%)Lender$4,303
- Lender fees (flat)Lender$2,790
- Broker fee (1%)Broker$2,025
- Title and closing (estimate at Texas rates)Title$3,336
- Prepaid interest (15 days)Lender$831
- Property insuranceInsurer$2,138
- AppraisalAppraiser$550
Interest while you rehab: $1,228 a month on the $147,500 funded at closing, $1,686 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $10,115 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.
What we can fund in Bangor
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| First Flip, 10% Down1 | 10% | 660+ | First flip OK | 9.99% | 2% | 75% of ARV | 12 months | 21-30 days |
| 7.5% Down, 3+ Flips2 | 7.5% | 660+ | 3+ completed flips | 9.99% | 1.5% | 75% of ARV | 12 months | 21-30 days |
| 5% Down, 5+ Flips3 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
| 100% Financing, 2+ Flips4 | 0% (100% financing) | 620+ | 2+ completed flips | 9.50% to 12.00% | 2.5% | 70% of ARV | 9 months | 7-14 days |
- 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.
- 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.
- Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
- 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.
Where Bangor prices sit right now
Before we price a Bangor 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 Bangor median sale price at $295,000 over the three months through September 2026, down 5.9% from a year earlier, with homes selling in about 45 days and 103 sales in September.
| Median sale price, Bangor (Redfin, 3 months to Sep 2026) | $295,000 |
| Days on market, Bangor (Redfin) | 45 |
| Homes sold in September 2026 (Redfin) | 103 |
| Share of properties at severe 30-year flood risk (First Street via Redfin) | 4% |
Sources: Redfin, Bangor ME housing market
How a Bangor file actually gets priced
With fewer sales and a wide spread between the West Side and the outer neighborhoods, Bangor appraisals can get pulled toward Brewer or Hampden if nothing nearby has closed. We value from renovated sales on the same side of the city and the same era of house. Big Victorians in particular need comps of their own, because their size and upkeep put them in a different buyer pool from a cape.
The Kenduskeag Stream and the Penobscot River are Bangor’s water risk, with ice jams and spring flooding downtown in the past, and Redfin’s First Street data puts about 4% of properties at severe 30 year flood risk. Winters are long and hard, so roof, siding and foundation work belongs in the warm months and a winter hold carries real heating cost. Maine splits its transfer tax between buyer and seller.
Who buys your finished Bangor deal
The Bangor buyer is often a healthcare worker at the regional medical center, a university or air base employee, or a family from a surrounding town moving closer to services. They buy on monthly cost and heating bill. A renovated Victorian can sell well to a buyer who wants character, but the bread and butter exit is a clean, efficient cape or ranch. Small multifamily works as a DSCR hold, since rents here carry low purchase prices.
Your whole loan, in one portal
Apply once and the whole Bangor 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.
What we fund in Bangor
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Bangor.
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.
New Construction
Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.
Where we lend in Bangor
We broker deals across the whole Bangor market. These are the submarkets investors ask us about most:
From deal to funded
Send the deal
Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.
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.
Real terms back
Rate, origination, leverage and cash to close side by side, so you can compare on total cost.
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.
Bangor hard money FAQ
Do you lend hard money in Bangor?
Which fix and flip programs apply in Bangor?
How fast can a Bangor hard money loan close?
How much do I need to bring to close on a Bangor flip?
Do you fund the rehab budget in Bangor?
What credit score do I need for a Bangor fix and flip loan?
Can I refinance a Bangor flip into a rental loan?
Can I flip a house in Bangor as a first time investor?
How long does it take to sell a flip in Bangor?
Before you sign anything
Ready to fund your Bangor deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.