Broker, not a lenderHard Money Lenders inHauppauge, New York
Fix and flip, DSCR rental and new construction financing for Hauppauge 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.
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Price a Hauppauge deal right now
Prefilled with a realistic Hauppauge deal. Change any number and it reprices on the programs that lend in New York, with the same math as our term sheets.
Sizing your flip on the same terms as the term sheet. Get a real term sheet →
Financing a deal in Hauppauge
Hauppauge is a mid-Suffolk hamlet built around one of the largest industrial parks in the Northeast and the Suffolk County government center. The housing is mostly 1960s and 1970s high ranches, split levels and capes on quarter-acre lots. Investors here usually do one of two things: a full update of an original-owner house for resale, or a hold rented to people who work in the park and the county offices.
Hauppauge straddles two towns, Smithtown to the north and Islip to the south, and that line decides who issues your permits, which rules apply to an accessory apartment and which school district you are in. Know which side the house is on before you write a scope. Inventory is tight and Redfin shows houses selling in about four weeks, so the price you pay matters more than the finish you add.
What a Hauppauge deal looks like on paper
Hauppauge example: $560,000 purchase, $110,000 rehab, $940,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1960s high ranch off Route 111: new kitchen and baths on the main level, the lower level finished properly, a new roof and the cesspool checked and pumped. 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$67,000
- Origination (2.13%)Lender$12,814
- Lender fees (flat)Lender$2,790
- Broker fee (1%)Broker$5,515
- Title and closing (Texas-rate estimate; New York adds mortgage recording tax and attorney fees)Title$5,315
- Prepaid interest (15 days)Lender$2,024
- Property insuranceInsurer$6,365
- AppraisalAppraiser$550
Interest while you rehab: $4,104 a month on the $493,000 funded at closing, $5,020 once every draw is out. Proof of funds is cash to close plus $27,500 of rehab reserve and $30,120 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 Hauppauge
Swipe the table for rates, credit and terms →
| 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 Hauppauge prices sit right now
Before we price a Hauppauge 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 Hauppauge median sale price at $812K for the three months ending September 2026, up 4.1% from a year earlier, with homes selling after about 28 days on the market, compared with 26 days a year earlier.
| Median sale price, Hauppauge (Redfin, 3 months to Sep 2026) | $812K |
| Days on market, Hauppauge (Redfin) | 28 |
| Year over year change in median (Redfin) | +4.1% |
Sources: Redfin, Hauppauge housing market · Suffolk County, Reclaim Our Water septic program
How a Hauppauge file actually gets priced
Appraisers compare by layout and by town side: a high ranch against high ranches, Smithtown schools against Smithtown schools. An illegal basement or lower-level apartment adds nothing to value on paper and can stop a sale, so lenders want the certificate of occupancy to match the house. Property taxes are heavy on Long Island, and on a DSCR file they come straight out of the ratio, so we underwrite with the real tax bill, not an estimate.
Most of Hauppauge runs on cesspools, not sewer. An old cesspool can need replacement, and Suffolk County rules can require an advanced nitrogen-reducing system when a project adds bedrooms or replaces the system, which is a big line in the budget. Open or expired permits from past owners are common and have to be closed before a sale. Check for underground oil tanks on older houses, and confirm the flood map on the low ground near the Nissequogue headwaters.
Who buys your finished Hauppauge deal
The finished house sells to a Long Island family moving up, often someone who works in the industrial park, at the county complex or along the Expressway, with conventional financing. They expect updated kitchens and baths, central air and a clean permit history. Rents are strong on both sides of the town line, so a DSCR hold on a legal single family works when the rent covers the taxes and the payment.
Your whole loan, in one portal
Apply once and the whole Hauppauge 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 Hauppauge
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Hauppauge.
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 Hauppauge
We broker deals across the whole Hauppauge 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. About five minutes, no credit pull.
We shop it
Your scenario goes to the lenders in our network that actually fit it and are licensed in New York, 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 the attorneys, title and the lender through funding.
Hauppauge hard money FAQ
Do you lend hard money in Hauppauge?
Which fix and flip programs apply in Hauppauge?
How fast can a Hauppauge hard money loan close?
How much do I need to bring to close on a Hauppauge flip?
Do you fund the rehab budget in Hauppauge?
What credit score do I need for a Hauppauge fix and flip loan?
Can I refinance a Hauppauge flip into a rental loan?
Can I get a DSCR loan in Hauppauge, NY?
Can I get a fix and flip loan on a Hauppauge high ranch?
Before you sign anything
More New York city guides
Ready to fund your Hauppauge deal?
Submit your scenario in about 5 minutes. We shop it and come back with real terms, not a generic rate sheet.