Broker, not a lenderHard Money Lenders inScranton, Pennsylvania
Fix and flip, DSCR rental and new construction financing for Scranton 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 Scranton deal right now
Prefilled with a realistic Scranton deal. Change any number and it reprices instantly on the lanes licensed in Pennsylvania, using the same engine behind our term sheets.
Financing a deal in Scranton
Scranton is an old coal city on the hills above the Lackawanna River, and its housing shows it: frame singles and two-family “double blocks” from the early 1900s, stacked up steep streets. Redfin calls the market very competitive, with prices up on a year ago. Some of the demand comes from New York and New Jersey buyers who found they can work remotely from here. In Pennsylvania 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 12.00% with 3+ flips or from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.
Scranton deals live on the gap between cheap purchase prices and buyers who have more money than the city is used to. Green Ridge and the Hill Section, near the hospitals and the University of Scranton, carry the best resale. North Scranton, the West Side and South Side are where the buys are. The risk is the house itself: a century-old frame house on a hill can need a foundation, a porch and a roof before anyone sees the kitchen.
What a Scranton deal looks like on paper
Scranton example: $120,000 purchase, $55,000 rehab, $250,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Picture a 1910s frame single in Green Ridge: roof, kitchen, bath, a new boiler or furnace, and the porch and foundation work that hillside houses here always need. 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$18,000
- Origination (0.5%)Lender$2,000
- Lender fees (flat)Lender$1,989
- Broker fee (1%)Broker$2,000
- Title and closing (estimate at Texas rates)Title$3,112
- Prepaid interest (15 days)Lender$612
- Property insuranceInsurer$1,663
- AppraisalAppraiser$550
Interest while you rehab: $807 a month on the $102,000 funded at closing, $1,242 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $7,450 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 Scranton
| 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 Scranton prices sit right now
Before we price a Scranton 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 Scranton median sale price at $214K for the three months ending September 2026, up 7.2% on a year earlier, with homes selling in about 22 days.
| Median sale price, Scranton (Redfin, 3 months to Sep 2026) | $214,000 |
| Change on a year earlier (Redfin) | Up 7.2% |
| Days on market, Scranton (Redfin) | 22 |
Sources: Redfin, Scranton housing market · City of Scranton, Rental Licensing · Pennsylvania DEP, Mine Subsidence Insurance
How a Scranton file actually gets priced
We set the Scranton ARV from renovated houses in the same neighborhood, sold in the last few months, and compare doubles to doubles; the appraiser will run rent on a two-family too. Dunmore, Clarks Summit and the Abingtons sell higher and aren’t comps for a city house. If the house was rented, we check its city rental license, since Scranton licenses rentals and inspects them on a regular cycle.
This is anthracite country, and much of the region sits over old underground mines. Standard homeowner’s insurance doesn’t cover mine subsidence, and Pennsylvania runs its own mine subsidence insurance program, so ask about it on any Scranton purchase. Beyond that, expect steep lots and retaining walls, stone foundations, old boilers and wiring, and lead paint. Rentals must be licensed with the city and inspected on a three year cycle, and an owner who lives more than about twenty miles away needs a local agent.
Who buys your finished Scranton deal
The Scranton buyer is a local family, a hospital or university employee, or a remote worker relocating from the New York area for the lower cost of living. Many buy with FHA, so the house needs to pass a condition check. Doubles can go to a house hacker or be held: licensed and leased, a two-family can be refinanced into a DSCR loan (a rental loan qualified on the rent, not your income).
Your whole loan, in one portal
Apply once and the whole Scranton 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 Scranton
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Scranton.
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 Scranton
We broker deals across the whole Scranton 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 Pennsylvania, 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.
Scranton hard money FAQ
Do you lend hard money in Scranton?
Which fix and flip programs apply in Scranton?
How fast can a Scranton hard money loan close?
How much do I need to bring to close on a Scranton flip?
Do you fund the rehab budget in Scranton?
What credit score do I need for a Scranton fix and flip loan?
Can I refinance a Scranton flip into a rental loan?
Do I need mine subsidence insurance on a Scranton flip?
Can I flip my first house in Scranton with a hard money loan?
Before you sign anything
Ready to fund your Scranton deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.