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

Hard Money Lenders inJonesboro, Arkansas

Fix and flip, DSCR rental and new construction financing for Jonesboro 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 a Jonesboro 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
72 hrs
To close at the fastest, 7-30 days by program
100%
Of rehab funded, released in draws
9.00%
Rates from, in Arkansas, with 2+ completed flips
Run the numbers

Price a Jonesboro deal right now

Prefilled with a realistic Jonesboro deal. Change any number and it reprices instantly on the lanes licensed in Arkansas, 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 Jonesboro

Jonesboro is the hub of northeast Arkansas, a university and medical city sitting on Crowley’s Ridge above the Delta farmland. Arkansas State University, the NYIT osteopathic medical school on its campus, and two big hospital systems, St. Bernards and NEA Baptist, drive steady demand. The flip stock is mostly 1950s to 1980s ranches, with older frame houses near downtown.

A Jonesboro deal is about which buyer you are building for. Medical staff and young families want three bedrooms, two baths and a garage on the south or west side, while houses close to campus often make more sense as rentals for students and residents. The market has firmed this year, with prices up and selling times shorter than a year ago, but the ceiling is still modest, so the rehab budget has to stay in proportion to the after repair value.

A real term sheet

What a Jonesboro deal looks like on paper

Jonesboro example: $125,000 purchase, $48,000 rehab, $245,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Say a 1970s three bedroom ranch a short drive from the Arkansas State campus with an old HVAC system, a worn roof, original baths and a kitchen that needs a full redo. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$155,700
Cash to close$31,337
Proof of funds to show$53,514
Where the $31,337 goes
  • Down payment (10% of purchase plus rehab)You$17,300
  • Origination (2.13%)Lender$3,309
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,105
  • Prepaid interest (15 days)Lender$639
  • Property insuranceInsurer$1,644
  • AppraisalAppraiser$550

Interest while you rehab: $897 a month on the $107,700 funded at closing, $1,296 once every draw is out. Proof of funds is cash to close plus $14,400 of rehab reserve and $7,777 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 Jonesboro

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Experienced Investor Rate115%680+2+ completed flips9.00%0.75%75% of ARV12-24 months7-14 days
First Flip, 10% Down210%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips37.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 3+ Flips45%600+3+ completed flips12.00%2%75% of ARV12 months7-14 days
5% Down, 5+ Flips55%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips60% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
Fastest Close (3 days)10%No minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  1. Rate and origination are the program floor; two completed projects in the last 36 months preferred.
  2. 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.
  3. 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.
  4. Rate from 12%, set per file. Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
  5. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  6. 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 Jonesboro prices sit right now

Before we price a Jonesboro 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 Jonesboro median sale price at $245K for the three months ending September 2026, up 8.3% on a year earlier, with homes selling in around 49 days, down from 73. Zillow’s average home value for the city is $226,988, up 3.7%. In 72401, which covers downtown, the university area and the north and east sides, Redfin’s median is $182K, up 4.0%, with homes selling in about 42 days.

Median sale price (Redfin)$245K
Days on market (Redfin)49
Typical home value (Zillow)$226,988
72401 median sale (Redfin)$182K

Sources: Redfin, Jonesboro housing market · Zillow, Jonesboro home values · Redfin, 72401 housing market

Underwriting

How a Jonesboro file actually gets priced

Craighead County appraisers work from a smaller pool of sales than a big metro, so a single outlier can move the comps. We pick renovated sales from the same side of town and the same era, and we lean on the closest matches rather than the highest number. The city median and the 72401 median sit well apart, so we make sure the comps fit the subject’s location, not the citywide average.

Jonesboro sits near the New Madrid seismic zone, and standard homeowners policies do not cover earthquake damage, so buyers may ask about a separate policy. The March 2020 tornado tore through the Turtle Creek mall area and nearby neighborhoods, and storm season is a real factor in roof and insurance costs here. Flat ground east of the ridge drains slowly, so check grading and crawl spaces for standing water. Craighead County also runs two courthouses, in Jonesboro and Lake City, so confirm where records are filed.

The exit

Who buys your finished Jonesboro deal

Finished Jonesboro houses go to nurses, doctors and staff from St. Bernards and NEA Baptist, university employees, and families relocating for manufacturing jobs. A lot of buyers use FHA, VA or USDA loans, and USDA eligibility around the edges of town can widen the buyer pool. Rents near campus and the hospitals stay steady, so holding the house on a DSCR loan is a practical second exit.

After you apply

Your whole loan, in one portal

Apply once and the whole Jonesboro 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 Jonesboro

Fix & Flip

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

15% down from 9.00% at 680+ credit with 2+ completed flips · 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 Jonesboro

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

Downtown and Main Street (72401)Arkansas State University area (72401)Highland Drive corridor (72401)South Jonesboro near Southwest Drive (72404)Nettleton and the east side (72401)
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 Arkansas, 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

As little as 72 hours on the fastest program, 7-30 days on the others. We stay on title and the lender through funding.

Questions

Jonesboro hard money FAQ

Do you lend hard money in Jonesboro?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Jonesboro 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 Arkansas, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Jonesboro?
As of October 2026: Experienced Investor Rate (15% down, from 9.00%, 2+ completed flips); 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, 3+ Flips (5% down, from 12.00%, 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); Fastest Close (3 days) (10% down, from 11.99%). 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 a Jonesboro hard money loan close?
As little as 72 hours on the fastest-close program, which has no credit minimum. In Arkansas, 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 a Jonesboro flip?
The worked example on this page is a $125,000 Jonesboro purchase with a $48,000 rehab and a $245,000 after repair value at 730 credit, first flip: $17,300 down (10% of purchase plus rehab) and $31,337 total cash to close, with $53,514 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 Jonesboro?
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 a Jonesboro fix and flip loan?
One Jonesboro program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 9.00%, needs 680+ 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 a Jonesboro flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Jonesboro 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.
Do I need earthquake coverage on a Jonesboro flip?
Your lender will ask for standard property insurance during the rehab, which usually excludes earthquake. Some buyers in northeast Arkansas add earthquake coverage because of the New Madrid zone, and an inspector may comment on foundation bolting or chimney condition. It rarely stops a sale, but it helps to have an answer ready when a buyer asks.
Is Jonesboro better for a flip or a rental?
Both work, and the location usually decides. Houses on the south and west side with three bedrooms and a garage sell well to medical and university families. Smaller houses near campus and the hospitals often rent more easily than they sell. We can price the flip loan and the DSCR refinance side by side so you can see both outcomes before you buy.
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 Jonesboro deal →
Keep reading

Before you sign anything

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
Points, fees & rate: how to compare hard money lenders
Read article →
Hard money in Little Rock →Hard money in Fayetteville →Hard money in St. Louis →Hard money in Nashville →Hard money in Memphis →All Arkansas coverage →

Ready to fund your Jonesboro deal?

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