Broker, not a lenderHard Money Lenders inSpringfield, Massachusetts
Fix and flip, DSCR rental and new construction financing for Springfield 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 Springfield deal right now
Prefilled with a realistic Springfield deal. Change any number and it reprices instantly on the lanes licensed in Massachusetts, using the same engine behind our term sheets.
Financing a deal in Springfield
Springfield, Massachusetts is the affordable end of the state, and that is why investors are here. The median sale is well under half of Boston’s, homes still go under agreement in about three weeks, and the buyer pool runs from first time owners using state down payment help to landlords buying two families. The flip stock splits by era: Victorian and early 1900s houses in Forest Park and the older center neighborhoods, and postwar capes and ranches in Sixteen Acres, East Forest Park, Pine Point and East Springfield.
On a Springfield flip the price is low enough that the rehab is the deal. A 1950s ranch in Sixteen Acres or East Forest Park is a predictable scope: roof, windows, heat conversion, kitchen, bath, floors. A Forest Park Victorian is not, because the plaster, trim, slate and old wiring each carry their own surprise, and the ceiling on the resale is still Springfield’s ceiling. We like files where the purchase leaves room for one bad surprise, and we look closely at any budget that depends on everything going right.
What a Springfield deal looks like on paper
Springfield example: $170,000 purchase, $58,000 rehab, $320,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s ranch in Sixteen Acres with an oil boiler to convert, a roof at the end of its life and an original kitchen. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (15%)You$25,500
- Origination (0.5%)Lender$2,000
- Doc prepLender$749
- Broker fee (1%)Broker$2,025
- Title and closingTitle$3,336
- Prepaid interest (15 days)Lender$790
- Property insuranceInsurer$2,166
- AppraisalAppraiser$550
Interest while you rehab: $1,143 a month on the $144,500 funded at closing, $1,601 once every draw is out. Proof of funds is cash to close plus $15,660 of rehab reserve and $9,609 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 Springfield
| 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% | 75% of ARV | 12 months | 14 days |
| 5% Down, 3+ Flips1 | 5% | 600+ | 3+ completed flips | 11.00% to 12.00% | 2% | 75% of ARV | 12 months | 7-14 days |
| 5% Down, 5+ Flips2 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
- 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.
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 September 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.
What the Springfield comps say
Redfin puts the Springfield median sale price at $320,000 over the three months through August 2026, essentially flat on a year earlier, with homes selling in about 23 days and 414 sales in August. Zillow’s typical home value is $305,068 as of August 31, 2026, up 4.3% over the year, with homes going pending in about 15 days.
| Median sale price, Springfield (Redfin, 3 months to Aug 2026) | $320,000 |
| Days on market, Springfield (Redfin) | 23 |
| Homes sold in August 2026 (Redfin) | 414 |
| Zillow home value index, Springfield (Aug 2026) | $305,068 |
| Share of properties at severe 30-year flood risk (First Street via Redfin) | 2% |
Sources: Redfin, Springfield MA housing market · Zillow, Springfield MA home values · US Army Corps of Engineers, Springfield Local Protection Project
How a Springfield file actually gets priced
Springfield appraisals stay very local. The city’s neighborhoods have sharp price lines, and a sale in East Forest Park will not carry a house in Old Hill or Six Corners, so we build the value from closed sales inside the same neighborhood and the same style. Because much of what sells here is bought with FHA or state assisted first time buyer loans, the finished house has to pass that buyer’s appraisal too, which means peeling paint, missing handrails and an old oil tank are value problems, not just punch list items.
The Connecticut River shapes the downtown and the North End, and the city sits behind an Army Corps of Engineers system of dikes, floodwalls and pump stations built after the great floods of the 1930s. Most of Springfield is outside the severe flood zones, but check the address against the map, and inside Forest Park check the brook. Lead is the bigger cost. Most of the city’s housing predates 1978, and the Massachusetts lead law requires deleading when a child under six lives in a unit, which matters to every family buyer and every tenant. Add the fire department’s smoke and carbon monoxide certificate before any sale.
Who buys your finished Springfield deal
Most finished Springfield houses go to owner occupants on FHA, conventional or state first time buyer programs, which keeps demand steady but caps how far the price can stretch. Two families sell to buyers who will live in one unit and rent the other. When a flip does not hit its number the fallback here is strong: rents are high relative to price, so a DSCR refinance into a long term rental is a realistic exit, and plenty of Springfield flips become holds on purpose.
Your whole loan, in one portal
Apply once and the whole Springfield 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 Springfield
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Springfield.
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 Springfield
We broker deals across the whole Springfield 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 Massachusetts, 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
7 to 10 days typical. We stay on title and the lender through funding.
Springfield hard money FAQ
Do you lend hard money in Springfield?
Which fix and flip programs apply in Springfield?
How fast can a Springfield hard money loan close?
How much do I need to bring to close on a Springfield flip?
Do you fund the rehab budget in Springfield?
What credit score do I need for a Springfield fix and flip loan?
Can I refinance a Springfield flip into a rental loan?
Is this page about Springfield, Massachusetts or Springfield, Missouri?
Do I have to delead a Springfield flip before I sell it?
Before you sign anything
Ready to fund your Springfield deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.