Hard Money Lenders in Lubbock, TX | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inLubbock, Texas

Fix and flip, bridge and purchase only, DSCR rental and new construction financing for Lubbock 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 Lubbock deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Lubbock deal right now

Prefilled with a realistic Lubbock deal. Change any number and it reprices on the programs that lend in Texas, 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 Lubbock

Lubbock is a university and hospital town with some of the lowest entry prices of any Texas city we work in, and that changes what a flip looks like. The central neighborhoods between Texas Tech and Loop 289, Tech Terrace, Heart of Lubbock, Maxey Park and South Overton, are 1930s to 1960s bungalows and ranches on brick streets, and a lot of them sell to landlords rather than owner-occupants. Southwest Lubbock is where the new construction is, and where the move-up buyer goes. The flips are in the middle.

The Lubbock deal is decided by inventory. HousingWire called Lubbock a buyer’s market in November 2025, with months of supply and a large share of listings taking price cuts, so plan for a buyer who negotiates. A finished house priced against last year’s comps sits. The other line is the roof. Lubbock is a top-three hail city in the state, insurers cap payouts on roofs past ten to fifteen years, and a new roof affidavit rule takes effect in October 2026, so the roof is a line item on almost every file. Buy at a real discount, budget the roof, and price the exit to move.

What a Lubbock deal looks like on paper

Lubbock example: $105,000 purchase, $40,000 rehab, $200,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s ranch in Heart of Lubbock: roof, HVAC, kitchen, baths and paint, priced to move in a buyer’s market. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$129,250
Cash to close$26,989
Proof of funds to show$45,122
Where the $26,989 goes
  • Down payment (15% of the purchase)You$15,750
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,000
  • Title and closingTitle$2,974
  • Prepaid interest (15 days)Lender$348
  • Property insuranceInsurer$1,378
  • AppraisalAppraiser$550

Interest while you rehab: $706 a month on the $89,250 funded at closing, $1,022 once every draw is out. Proof of funds is cash to close plus $12,000 of rehab reserve and $6,133 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Lubbock

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15% of purchase700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
New Investor Program12.5% of purchase700+First flip OK9.75%1%75% of ARV12 months72 hours
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
Fastest Close (3 days)10% of purchaseNo minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  1. Rate 9.99% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. 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% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. 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.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network. The 5% down and 100% financing lanes are major-metro programs and are not shown for Lubbock.

Where Lubbock prices sit right now

Before we price a Lubbock 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 Lubbock median sale price at $249,000 for the three months ending August 2026, about 4% above a year earlier, with homes going pending in 44 days. Zillow’s home value index for the city is $212,039. The central flip pockets sit far under that: Redfin’s Heart of Lubbock median is $134,000 and 79412 is $125,000, while 79413 between Tech and the loop is $220,000 and moving in 28 days.

Median sale price, Lubbock (Redfin, 3 months to Aug 2026)$249,000
Days on market, Lubbock (Redfin)44
Zillow home value index, Lubbock (Aug 2026)$212,039
Median sale price, Heart of Lubbock (Redfin)$134,000
Median sale price, 79412 (Redfin)$125,000
Median sale price, 79413 Central / South (Redfin)$220,000

Sources: Redfin, Lubbock housing market, Zillow, Lubbock home values, Redfin, Heart of Lubbock housing market, City of Lubbock, floodplain (playa lakes), City of Lubbock, Building Safety (roof affidavit, Oct 2026)

How a Lubbock file actually gets priced

A Lubbock ARV is set inside a small radius, because the central neighborhoods are separated by real price lines. Tech Terrace commands a premium that Heart of Lubbock three blocks away does not, and an appraiser will not carry a 79413 comp into 79412. We use closed sales from the same neighborhood in the last 90 days, we check the days on market on those comps, and we treat a comp that took a cut as the honest number. On the older stock we want the foundation looked at: the caliche and clay under central Lubbock move with drought and irrigation cycles, and the pre-1960 slabs and pier-and-beam houses show it.

Lubbock has no river; it has playa lakes, and the flood zones sit around them and along the canyon. A 2008 storm dropped nearly eight inches in a day, and new construction is required to sit a foot above the curb for a reason. Pull the playa map before you buy in central or east Lubbock. Wind and hail are the insurance story: record gusts, dozens of severe hail days a decade, one to two percent wind and hail deductibles. Permits run through the city’s Citizen Self Service portal, contractors register with a bond, and a non-occupant owner can only pull structural permits themselves, so the trades need licensed subs. Inside the historic preservation overlay, historic masonry cannot be painted and siding over original material is prohibited.

Who buys your finished Lubbock deal

A finished central Lubbock house exits two ways, and the numbers decide which. Under about 175 thousand the buyer is often another investor or a first-time buyer, and the rental math is strong because Texas Tech and the two hospital systems keep demand steady, so a DSCR refinance is a real ending. Tech Terrace and the south side exit to faculty, physicians and move-up families who compare your house to a new build in 79424 with a warranty. Price against that inventory. The buyer’s market means days on market run long, so the carry assumption needs a longer runway than a Dallas flip.

What happens after you apply

Apply once and the whole Lubbock 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.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Lubbock

Fix and flip

10%down on a first flip
Rates
from 8.99% at 760+ credit
With experience
5% down with 5+ completed flips
Rehab
100% funded, paid in draws
Fix and flip loans in Texas →

Rental (DSCR)

7.00%rates from, 30-year fixed
Qualify on
the rent, no W-2s or tax returns
Down
from 20% at 700+ credit
Good for
buy-and-hold, and the refinance when a flip becomes a rental
DSCR loans in Texas →

Bridge and purchase only

12.5%down at 700+ credit, no rehab in the loan
Rates
from 9.75% at 680+ credit
Close
in 5-14 days
Good for
auction buys, off-market deals and 1031 timing
Purchase-only loans in Texas →

New construction

95%of cost with a financed interest reserve, after 1 completed build
Rates
from 8.49% with 5+ completed builds
First build
85% of cost with a GC who has 5+ builds
Builds
single family to small multifamily
New construction loans in Texas →

Where we lend in Lubbock

We broker deals across the whole Lubbock market. The submarkets investors ask us about most are Tech Terrace (79410 / 79413), Heart of Lubbock (79411 / 79412), South Overton (79401 / 79411), Maxey Park (79410), Central and South Lubbock (79413) and Southwest Lubbock (79423 / 79424).

How long does a Lubbock loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in Texas, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund, as little as 72 hours on the fastest programs. We stay on title and the lender through funding.

Lubbock hard money FAQ

Do you lend hard money in Lubbock?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Lubbock 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 Texas, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Lubbock?
As of October 2026: Best Rate (15% down, from 8.99%); New Investor Program (12.5% down, from 9.75%); 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); 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 Lubbock hard money loan close?
As little as 72 hours. Most Lubbock fix and flip files fund in 5-14 days once the file is complete, and the 72-hour programs close that fast when title and insurance are ready. The First Flip, 10% Down program and the 7.5% Down, 3+ Flips program close 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 Lubbock flip?
The worked example on this page is a $105,000 Lubbock purchase with a $40,000 rehab and a $200,000 after repair value at 700 credit, first flip: $15,750 down (15% of the purchase) and $26,989 total cash to close, with $45,122 of proof of funds to show the lender. The lowest down payment for a first flip in Lubbock is 10% down from 9.99% at 660+ credit. Investors with a track record can go to 5% down from 9.99% at 660+ credit with 5+ completed flips. 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 Lubbock?
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 Lubbock fix and flip loan?
One Lubbock program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 8.99%, needs 760+ credit. Depending on the program, rates step down at 700 and 760 credit and 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 Lubbock flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Lubbock 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.
Why are the 5% down first-flip and 100% financing programs not on the Lubbock page?
Those two lanes are major-metro programs from lenders who fund inside Houston, Dallas-Fort Worth, Austin and San Antonio, so we do not advertise them here. What applies in Lubbock, all in the programs table on this page: In Texas a first flip can be priced at 15% down with 700+ credit (from 8.99%), 12.5% down with 700+ credit (from 9.75%), 10% down with 660+ credit (from 9.99%) or 10% down with no credit minimum on the fastest-close program (from 11.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips and 5% down from 9.99% with 5+ flips. Send the deal anyway if you need more leverage; the network is bigger than the shelf.
Does the Texas Tech rental market change how I should flip in Lubbock?
Yes. Near campus the exit buyer is frequently a landlord, and off-campus student vacancy has been high, so a house within walking distance of Tech is priced on rent, not on finish. Farther south the buyer is an owner-occupant and finish matters. Decide which one you are building for before you pick the scope, because the two houses get different kitchens.
Micah Foster
Micah Foster
Founder & CEO, Capital Kings LLC
Micah brokers Non-QM and hard money loans for real estate investors across 38 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.

What to read before you sign a term sheet

Hard money near Lubbock: Fort Worth and El Paso. More Texas city guides: Arlington, Austin, Corpus Christi, Cypress, Dallas, Frisco, Houston, Katy, McKinney, Plano, San Antonio, Spring and The Woodlands. Or see everything we fund in Texas.

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