Broker, not a lenderHard Money Lenders inHilo, Hawaii
Fix and flip, DSCR rental and new construction financing for Hilo 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 Hilo deal right now
Prefilled with a realistic Hilo deal. Change any number and it reprices instantly on the lanes licensed in Hawaii, using the same engine behind our term sheets.
Financing a deal in Hilo
Hilo is the wet, working side of the Big Island: the county seat, a university town and the island’s main port and hospital. It is far less touristy than Kona, and prices reflect it. The flip stock is single-wall and post-and-pier plantation-era houses, 1950s to 1970s homes in Waiakea and Kaumana, and newer homes up the hill toward Waiakea Uka. Many are well built for the climate and simply worn out after decades of rain.
The Hilo flip is decided by water and wood. The town gets well over a hundred inches of rain a year, so rot, mold and termite damage are behind most walls, and the scope has to start with roof, gutters, siding and framing. Then check the land status. Keaukaha and Panaewa are Hawaiian Home Lands, where houses sit on leases that only qualified Native Hawaiian beneficiaries can hold, so those are not flips for most investors. Fee simple lots elsewhere in town are the market.
What a Hilo deal looks like on paper
Hilo example: $340,000 purchase, $75,000 rehab, $560,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Say a 1960s Waiakea Uka plantation-style house on post and pier, fee simple: termite and rot repair, a new metal roof, rewiring, a kitchen and a bath, and a cesspool check before listing. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (15% of the purchase)You$51,000
- Origination (0.5%)Lender$2,000
- Lender fees (flat)Lender$1,989
- Broker fee (1%)Broker$3,640
- Title and closing (estimate at Texas rates)Title$4,134
- Prepaid interest (15 days)Lender$1,420
- Property insuranceInsurer$3,943
- AppraisalAppraiser$550
Interest while you rehab: $2,286 a month on the $289,000 funded at closing, $2,879 once every draw is out. Proof of funds is cash to close plus $18,750 of rehab reserve and $17,272 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 Hilo
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| Best Rate | 15% | 700+ | First flip OK | 8.99% to 9.49% | 0.5% | 70% of ARV | 12 months | 5-14 days |
| 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 Hilo prices sit right now
Before we price a Hilo 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 Hilo median sale price at $479,000 for the three months ending September 2026, down 18.2% from a year earlier, with homes selling after 92 days on the market on average.
| Median sale price, Hilo (Redfin, 3 months to Sep 2026) | $479,000 |
| Change from a year earlier (Redfin) | -18.2% |
| Average days on market, Hilo (Redfin) | 92 |
Sources: Redfin, Hilo housing market
How a Hilo file actually gets priced
Hilo comps move slowly, and an appraiser often reaches back several months. We match by construction type first, single-wall or framed, then by elevation and neighborhood, because a house in Waiakea near the bayfront is a different product from one up in Kaumana. Lava zone matters too. The Puna side, Keaau and Kurtistown, sits in higher hazard zones that change what insurers charge and some lenders will lend, so we check the zone on every file.
Downtown Hilo and the bayfront were wiped out by tsunamis in 1946 and 1960, and the low areas are still in mapped evacuation and flood zones, so check before you buy near the water. Lava hazard zones climb toward Puna and Mauna Loa and affect insurance. Many older homes still run on cesspools, and state law requires them to be upgraded or converted in the coming decades. Permits go through the County of Hawaii, which has had long review times on anything beyond cosmetic work.
Who buys your finished Hilo deal
The finished Hilo house sells to local families, university and hospital staff, and some retirees moving from the mainland who want space and green. Houses here take longer to sell than on Oahu, so plan your carry for it. Buyers want a dry, sound house with a new roof and no termite history. Rentals near the university and the hospital are steady, and a DSCR refinance is a reasonable fallback at Hilo prices.
Your whole loan, in one portal
Apply once and the whole Hilo 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 Hilo
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Hilo.
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 Hilo
We broker deals across the whole Hilo 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 Hawaii, 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
5-14 days to fund. We stay on title and the lender through funding.
Hilo hard money FAQ
Do you lend hard money in Hilo?
Which fix and flip programs apply in Hilo?
How fast can a Hilo hard money loan close?
How much do I need to bring to close on a Hilo flip?
Do you fund the rehab budget in Hilo?
What credit score do I need for a Hilo fix and flip loan?
Can I refinance a Hilo flip into a rental loan?
Can I flip a house in Hilo with a hard money loan?
Does the lava zone affect a Hilo flip?
Before you sign anything
Ready to fund your Hilo deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.