Hard Money Lenders in New Haven, CT | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inNew Haven, Connecticut

Fix and flip, DSCR rental and new construction financing for New Haven 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 New Haven deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a New Haven deal right now

Prefilled with a realistic New Haven deal. Change any number and it reprices on the programs that lend in Connecticut, 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 New Haven

New Haven is a Yale and hospital town on Long Island Sound, and those two employers keep a steady stream of renters and buyers coming through. The housing is dense and old. Westville, Beaver Hills and East Rock carry early 1900s colonials and Victorians, Fair Haven and the Hill are full of wood frame two and three family houses, and Morris Cove on the east shore adds capes and ranches near the water. Homes here are selling faster than a year ago, and values have been climbing.

The first question on a New Haven house is how many doors it has. A large share of the city is two and three family, and once a building has a rental unit the city’s landlord licensing applies, so the plan for that unit is part of the underwriting from day one. Single families in Westville, Beaver Hills and Morris Cove are the cleaner flips, sold to hospital and university staff. Multifamily in Fair Haven and the Hill is where the numbers can be bigger, and so can the scope.

What a New Haven deal looks like on paper

New Haven example: $250,000 purchase, $70,000 rehab, $450,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1930s colonial in Westville or Beaver Hills with a dated kitchen, an old oil burner and a roof that needs replacing. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$282,500
Cash to close$52,465
Proof of funds to show$84,770
Where the $52,465 goes
  • Down payment (15% of the purchase)You$37,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,825
  • Title and closing (estimate at Texas rates)Title$3,732
  • Prepaid interest (15 days)Lender$829
  • Property insuranceInsurer$3,040
  • AppraisalAppraiser$550

Interest while you rehab: $1,681 a month on the $212,500 funded at closing, $2,234 once every draw is out. Proof of funds is cash to close plus $18,900 of rehab reserve and $13,405 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 New Haven

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
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
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  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.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

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.

Where New Haven prices sit right now

Before we price a New Haven 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 New Haven median sale price at $400,000 over the three months through August 2026, up 8.0% from a year earlier, with homes selling in about 42 days, down from 52 a year before, and 231 sales in August. Zillow’s typical home value is $339,182 as of August 31, 2026, up 6.1% over the year. About 14% of the city’s properties, 1,840 of them, are at severe 30 year flood risk in First Street data shown by Redfin.

Median sale price, New Haven (Redfin, 3 months to Aug 2026)$400,000
Days on market, New Haven (Redfin)42
Homes sold in August 2026 (Redfin)231
Zillow home value index, New Haven (Aug 2026)$339,182
Share of properties at severe 30-year flood risk (First Street via Redfin)14%

Sources: Redfin, New Haven housing market, Zillow, New Haven home values, City of New Haven, Residential Rental Licensing Program

How a New Haven file actually gets priced

In New Haven the comparable sale has to match the neighborhood and the unit count, and the neighborhoods are small. East Rock and Fair Haven are a short walk apart and price very differently, and an appraiser will not carry a Westville single to a Hill three family. We value singles on closed renovated sales nearby and multifamily on both sales and rents. Houses here are often a century old, so we want the scope to call out heating, electrical service, porches, sills and the foundation, because a New Haven budget that skips them is a budget that runs over.

New Haven faces the Sound, and flood risk is real along the harbor, the Mill and Quinnipiac rivers and the east shore: Redfin’s First Street data puts about 14% of properties at severe 30 year flood risk. Pull the flood zone before you bid on anything in Fair Haven, City Point or Morris Cove, because flood insurance changes the buyer’s payment and the rent math. Any building with two or more units and a rental unit needs a Residential Rental Business License from the Livable City Initiative, and the license only issues after the unit passes a housing code inspection.

Who buys your finished New Haven deal

A finished New Haven single sells to an owner occupant, often someone working at the university or one of the hospitals, and that buyer shops condition and location block by block. Two and three family houses sell to owner occupants who will rent the other units and to landlords who underwrite on rent, and with student and medical staff demand the rental story is strong. Plenty of investors here renovate a multifamily, lease it, license it and refinance into a DSCR loan instead of selling.

What happens after you apply

Apply once and the whole New Haven 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 New Haven

Fix and flip

10%down on a first flip
Rates
from 8.99% at 760+ credit
With experience
0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab
100% funded, paid in draws
Fix and flip loans in Connecticut →

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 Connecticut →

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 Connecticut →

Where we lend in New Haven

We broker deals across the whole New Haven market. The submarkets investors ask us about most are Westville and Beaver Hills (06515), East Rock and Cedar Hill (06511), Fair Haven and Fair Haven Heights (06513), Morris Cove and East Shore (06512), The Hill and City Point (06519) and Newhallville and Dixwell (06511).

How long does a New Haven 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 Connecticut, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund. We stay on title and the lender through funding.

New Haven hard money FAQ

Do you lend hard money in New Haven?
Yes. Capital Kings is a broker, not a direct lender, so we shop your New Haven 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 Connecticut, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in New Haven?
As of October 2026: Best Rate (15% down, from 8.99%); 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); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips). 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 New Haven hard money loan close?
Most New Haven fix and flip files fund in 5-14 days once the file is complete. 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 New Haven flip?
The worked example on this page is a $250,000 New Haven purchase with a $70,000 rehab and a $450,000 after repair value at 700 credit, first flip: $37,500 down (15% of the purchase) and $52,465 total cash to close, with $84,770 of proof of funds to show the lender. The lowest down payment for a first flip in New Haven is 10% down from 9.99% at 660+ credit. 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 New Haven?
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 New Haven fix and flip loan?
The lowest credit floor among the New Haven programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 8.99%, needs 760+ credit. Depending on the program, rates step down at 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 New Haven flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a New Haven 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.
What does New Haven’s rental license mean for a flip?
If the building has two or more units and any of them is rented, whether occupied or vacant, the city requires a Residential Rental Business License and an inspection of the rental units. The license is issued only after the unit passes. For a flip sold to an owner occupant it matters less, but for a multifamily you plan to rent or sell to a landlord, finish the units to the housing code so the inspection is a formality.
Can I use a hard money loan on a New Haven two or three family?
Yes. Two to four unit properties are residential for fix and flip lending, and they are a big share of what trades in New Haven. Expect the lender to look at the scope per unit and the value on both comparable sales and rents. In Connecticut a first flip can be priced at 15% down with 700+ credit (from 8.99%) or 10% down with 660+ credit (from 9.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.
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 New Haven: Bridgeport and Hartford. More Connecticut city guides: Stamford and Waterbury. Or see everything we fund in Connecticut.

Ready to fund your New Haven deal?

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