Hard Money Lenders in Springfield, MO | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inSpringfield, Missouri

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.

Get a term sheet →Price a Springfield deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Springfield deal right now

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

Springfield is the Ozarks’ hub: Missouri State University, two large hospital systems, a big logistics and retail base, and a housing stock that runs from 1920s cottages near downtown to post-war ranches and 1970s split-levels farther out. Entry prices are low for a city this size, houses sell quickly, and a steady flow of buyers is arriving from Kansas City and farther away. It’s one of the Missouri markets where files already come across our desk, and a first flip can be priced here.

Two things make a Springfield deal. The first is which side of town. The north side, from Grant Beach and Robberson to Doling Park, is where the cheapest buys are, and the finished price is capped low. Rountree, Phelps Grove and the streets around Missouri State carry the premium, and the south side sells to families who want newer ranches. The second is the ground. Springfield sits on karst, limestone full of sinkholes, springs and caves, and a house in a sinkhole drainage area or with settling that traces to one is a very different project from a normal foundation repair. Check the city’s sinkhole map before you write the offer.

What a Springfield deal looks like on paper

Springfield example: $145,000 purchase, $48,000 rehab, $265,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s ranch between Rountree and Phelps Grove: roof, HVAC, a kitchen, both baths, flooring and paint, finished for a Missouri State or hospital buyer. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$171,250
Cash to close$33,786
Proof of funds to show$56,312
Where the $33,786 goes
  • Down payment (15% of the purchase)You$21,750
  • 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$3,182
  • Prepaid interest (15 days)Lender$481
  • Property insuranceInsurer$1,834
  • AppraisalAppraiser$550

Interest while you rehab: $975 a month on the $123,250 funded at closing, $1,354 once every draw is out. Proof of funds is cash to close plus $14,400 of rehab reserve and $8,126 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 Springfield

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
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.
  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 Springfield prices sit right now

Before we price a Springfield 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 Springfield median sale price at $220,000 for the three months ending August 2026, about 1% above a year earlier, with homes selling in around 15 days. Zillow’s home value index for the city is $245,882, up 2.9% over the year. The north side and central flip pockets sit far under that: Zillow puts Grant Beach at $130,530, Robberson at $121,384 and Midtown at $158,714.

Median sale price, Springfield MO (Redfin, 3 months to Aug 2026)$220,000
Days on market, Springfield MO (Redfin)15
Zillow home value index, Springfield MO (Aug 2026)$245,882
Zillow home value index, Grant Beach$130,530
Zillow home value index, Robberson$121,384
Zillow home value index, Midtown$158,714

Sources: Redfin, Springfield MO housing market, Zillow, Springfield MO home values, City of Springfield, sinkhole permit FAQ

How a Springfield file actually gets priced

Greene County appraisers comp inside tight areas, and the north side and south side are separate markets, so we set the ARV on closed sales from the same part of town in the last 90 days. Zillow’s neighborhood values show why: Grant Beach, Robberson, Weller and Heart of the Westside all sit well under the Midtown and downtown numbers. Near campus, check whether the comps were owner-occupant sales or investor purchases, because student-rental houses trade on rent. And if there’s any sign of foundation movement, we want to know whether it’s ordinary settling or something tied to the karst before the file goes out.

Karst is the local risk nobody from out of state expects. The city requires a permit before any land disturbance or motorized equipment inside a sinkhole, with a plan showing the sinkhole, its drainage area and setbacks, and it can require a geological and hydrological evaluation; the county’s design standards say construction in sinkholes should be avoided. For a cosmetic flip that rarely matters, but for an addition, a new driveway, grading or a garage it can. Stormwater also runs through the sinkholes, so low lots near them flood in heavy rain. On top of that, the Ozarks see hail and severe storms every spring, so the roof is a line item on most files.

Who buys your finished Springfield deal

The finished Springfield house exits to a first-time buyer, a hospital or university employee, or a family relocating from Kansas City, St. Louis or out of state for the lower cost of living. They move fast on a fairly priced house, and Redfin shows homes selling in about two weeks. North side houses often exit to landlords instead, because rents near Missouri State and the hospitals are steady and the purchase prices are low, so a DSCR refinance is a real alternative when the retail number is thin. South side new construction is the competition above the median, so price a flip there against what builders are asking.

What happens after you apply

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.

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 Springfield

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 Missouri →

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 Missouri →

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 Missouri →

Where we lend in Springfield

We broker deals across the whole Springfield market. The submarkets investors ask us about most are Rountree and Phelps Grove (65804), Midtown and Grant Beach (65802 / 65803), Doling Park and North Springfield (65803), West Central and Heart of the Westside (65802 / 65806), Galloway and Southeast (65804 / 65809) and Robberson and Weller (65803).

How long does a Springfield 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 Missouri, 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.

Springfield hard money FAQ

Do you lend hard money in Springfield?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Springfield 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 Missouri, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Springfield?
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); 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 Springfield hard money loan close?
As little as 72 hours. Most Springfield 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 Springfield flip?
The worked example on this page is a $145,000 Springfield purchase with a $48,000 rehab and a $265,000 after repair value at 700 credit, first flip: $21,750 down (15% of the purchase) and $33,786 total cash to close, with $56,312 of proof of funds to show the lender. The lowest down payment for a first flip in Springfield 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 Springfield?
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 Springfield fix and flip loan?
One Springfield 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 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 Springfield flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Springfield 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.
Do sinkholes affect a flip in Springfield, Missouri?
Sometimes. Most interior renovations never touch the issue. It matters when the house shows foundation movement, when the lot sits in a sinkhole drainage area, or when your scope includes grading, an addition or new concrete, because the city requires a sinkhole permit and may ask for a geological evaluation. Check the city’s map before you buy, and if the house sits near one, tell us up front so the lender and the appraiser aren’t surprised.
Is Springfield a better flip market than Kansas City or St. Louis?
It’s a different one. Entry prices are lower and houses sell quickly, so a smaller budget goes further and the carry stays short. The ceiling is lower too, so the margin comes from buying right rather than from a big ARV. Missouri’s first-flip programs cover Springfield the same way they cover the two big metros, so the financing is the same shape; the choice comes down to where you can find the discount.
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 Springfield: Kansas City and St. Louis. More Missouri city guides: Columbia and Independence. Or see everything we fund in Missouri.

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