Broker, not a lenderHard Money Lenders inMorgantown, West Virginia
Fix and flip, DSCR rental and new construction financing for Morgantown 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 Morgantown deal right now
Prefilled with a realistic Morgantown deal. Change any number and it reprices instantly on the lanes licensed in West Virginia, using the same engine behind our term sheets.
Financing a deal in Morgantown
Morgantown is West Virginia University’s town, with the university hospital system as the other major employer, and the two keep demand steady through the cycles that hit the rest of the state. The city is built on steep hills along the Monongahela River, so streets, lots and parking are tight. The flip stock is early 1900s frame houses near campus in Woodburn, Wiles Hill and South Park, postwar brick homes in Suncrest, and newer houses toward Cheat Lake.
The Morgantown deal is decided by whether you are finishing for an owner or a student landlord. The neighborhoods closest to campus have been student rentals for generations, and the price there is set by what a house rents for by the bedroom. A block or two further out, families and university staff are buying, and they want a quiet street, a driveway and a yard. Decide which buyer you are serving before you set the scope, because the two houses look very different when they are done.
What a Morgantown deal looks like on paper
Morgantown example: $190,000 purchase, $50,000 rehab, $325,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s brick Cape Cod in Suncrest, 26505: a new roof and gutters, updated electrical, a kitchen, a second bath upstairs and drainage work along the hillside. 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$28,500
- Origination (0.5%)Lender$2,000
- Lender fees (flat)Lender$1,989
- Broker fee (1%)Broker$2,115
- Title and closing (estimate at Texas rates)Title$3,381
- Prepaid interest (15 days)Lender$825
- Property insuranceInsurer$2,280
- AppraisalAppraiser$550
Interest while you rehab: $1,277 a month on the $161,500 funded at closing, $1,673 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $10,036 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 Morgantown
| 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, 3+ Flips3 | 5% | 600+ | 3+ completed flips | 12.00% | 2% | 75% of ARV | 12 months | 7-14 days |
| 5% Down, 5+ Flips4 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
| 100% Financing, 2+ Flips5 | 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 from 12%, set per file. Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
- 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 Morgantown prices sit right now
Before we price a Morgantown 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 Morgantown median sale price at $275,000 for the three months ending September 2026, up 1.1% from a year earlier, with homes selling after 55 days on the market on average.
| Median sale price, Morgantown (Redfin, 3 months to Sep 2026) | $275,000 |
| Change from a year earlier (Redfin) | +1.1% |
| Average days on market, Morgantown (Redfin) | 55 |
Sources: Redfin, Morgantown housing market
How a Morgantown file actually gets priced
Morgantown appraisals split by neighborhood and by use. A Suncrest family home is compared with other owner-occupied houses nearby, and a Wiles Hill rental is valued against rentals, often by the income it produces. We use recent closings in the same area and of the same type, and we look hard at parking and lot slope, because a house with no off-street parking on a steep street sells for less. Recent sales have been steady enough to stay inside a few months.
Hills bring slips, failing retaining walls and wet basements, so look at the lot as hard as the house. Much of north central West Virginia was mined underground, and the state offers mine subsidence coverage through homeowners policies, which a careful buyer will ask about. Rental houses in the city go through registration and inspection. Older housing near campus brings knob and tube wiring and patched-together additions, and West Virginia requires licensed contractors once a job passes a modest size.
Who buys your finished Morgantown deal
The finished Morgantown house sells to WVU faculty and staff, hospital employees, and local families, many on conventional, FHA or VA loans. They want move-in ready with parking and a second bath. Near campus the buyer is usually an investor, and the rent roll sets the price. Rental demand from students and medical staff keeps a DSCR refinance on the table for houses in the right spots.
Your whole loan, in one portal
Apply once and the whole Morgantown 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 Morgantown
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Morgantown.
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 Morgantown
We broker deals across the whole Morgantown 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 West Virginia, 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.
Morgantown hard money FAQ
Do you lend hard money in Morgantown?
Which fix and flip programs apply in Morgantown?
How fast can a Morgantown hard money loan close?
How much do I need to bring to close on a Morgantown flip?
Do you fund the rehab budget in Morgantown?
What credit score do I need for a Morgantown fix and flip loan?
Can I refinance a Morgantown flip into a rental loan?
Should I flip or rent a house near WVU?
Can I get a first-flip loan in Morgantown?
Before you sign anything
Ready to fund your Morgantown deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.