Broker, not a lenderHard Money Lenders inTopeka, Kansas
Fix and flip, DSCR rental and new construction financing for Topeka 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 Topeka deal right now
Prefilled with a realistic Topeka deal. Change any number and it reprices instantly on the lanes licensed in Kansas, using the same engine behind our term sheets.
Financing a deal in Topeka
Topeka is the Kansas capital, and state government, Washburn University, the hospitals and big plants keep the job base steady. Houses are inexpensive for a state capital. The flip inventory is older: Victorians in Potwin, 1920s through 1950s bungalows and story-and-a-halfs around Washburn and Collins Park, and post-war ranches in Highland Park and on the east side. Small purchase prices mean you’ll often need a deeper scope or a bigger house to reach a loan size lenders will fund.
The tension in Topeka is low prices against a real ceiling. Westboro, Collins Park and the streets around Washburn hold value and attract state and university employees, while Oakland, North Topeka and parts of Highland Park are where the cheapest buys sit. A good Topeka flip is often an undervalued house on a strong west-side street, not the cheapest listing in town. Homes priced right go under contract fast, so carry costs stay small when the list price is realistic.
What a Topeka deal looks like on paper
Topeka example: $120,000 purchase, $55,000 rehab, $250,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1940s story-and-a-half near Collins Park: roof, siding repair, electrical, a new furnace, kitchen, bath and basement wall bracing. It’s a bigger rehab than most Topeka flips so the loan clears the program floor. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (10% of purchase plus rehab)You$17,500
- Origination (2.13%)Lender$3,347
- Lender fees (flat)Lender$2,790
- Broker fee (1%)Broker$2,000
- Title and closing (estimate at Texas rates)Title$3,114
- Prepaid interest (15 days)Lender$647
- Property insuranceInsurer$1,663
- AppraisalAppraiser$550
Interest while you rehab: $853 a month on the $102,500 funded at closing, $1,311 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $7,867 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 Topeka
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| Experienced Investor Rate1 | 15% | 680+ | 2+ completed flips | 9.00% | 0.75% | 75% of ARV | 12-24 months | 7-14 days |
| First Flip, 10% Down2 | 10% | 660+ | First flip OK | 9.99% | 2% | 75% of ARV | 12 months | 21-30 days |
| 7.5% Down, 3+ Flips3 | 7.5% | 660+ | 3+ completed flips | 9.99% | 1.5% | 75% of ARV | 12 months | 21-30 days |
| 5% Down, 3+ Flips4 | 5% | 600+ | 3+ completed flips | 12.00% | 2% | 75% of ARV | 12 months | 7-14 days |
| 5% Down, 5+ Flips5 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
| 100% Financing, 2+ Flips6 | 0% (100% financing) | 620+ | 2+ completed flips | 9.50% to 12.00% | 2.5% | 70% of ARV | 9 months | 7-14 days |
| Fastest Close (3 days) | 10% | No minimum | First flip OK | 11.99% | 2% | 75% of ARV | 6 months | 72 hours |
- Rate and origination are the program floor; two completed projects in the last 36 months preferred.
- 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 Topeka prices sit right now
Before we price a Topeka 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 Topeka median sale price at $189K for the three months ending September 2026, up 8.0% from a year earlier, with homes selling after about 13 days on the market.
| Median sale price, Topeka (Redfin, 3 months to Sep 2026) | $189K |
| Year over year change in median (Redfin) | +8.0% |
| Days on market, Topeka (Redfin) | 13 |
Sources: Redfin, Topeka housing market
How a Topeka file actually gets priced
Because Kansas keeps sale prices off public deeds, Shawnee County values come from MLS data, and the comp pull has to be careful. We match by neighborhood and by vintage: a Potwin Victorian and a 1950s Highland Park ranch never share a comp set. Ninety days of closed sales sets the value, stretching a little further only when the neighborhood is thin. With so little spread between buy and resale, the contractor’s bid gets as much scrutiny as the ARV, especially roofs, furnaces and basement walls.
The Kansas River runs through town and North Topeka sits behind its levee system, while Shunga Creek floods neighborhoods along its route in heavy rain, so check the floodplain on both. Tornadoes and hail are part of life here, and an older roof can change the insurance quote. Basement walls in the older housing bow and leak, so budget for bracing or drainage when the inspection points to it. Permits and inspections run through the City of Topeka’s development services office.
Who buys your finished Topeka deal
The buyer for a finished Topeka house is local: a state worker, a nurse, a Washburn staffer or a first-time buyer moving out of a rental. They’re careful with money, so a finish that matches the neighborhood beats an upscale one. Rents are strong next to purchase prices, which is why many Topeka investors refinance into a DSCR loan and keep the house.
Your whole loan, in one portal
Apply once and the whole Topeka 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 Topeka
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Topeka.
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 Topeka
We broker deals across the whole Topeka 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 Kansas, 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
As little as 72 hours on the fastest program, 7-30 days on the others. We stay on title and the lender through funding.
Topeka hard money FAQ
Do you lend hard money in Topeka?
Which fix and flip programs apply in Topeka?
How fast can a Topeka hard money loan close?
How much do I need to bring to close on a Topeka flip?
Do you fund the rehab budget in Topeka?
What credit score do I need for a Topeka fix and flip loan?
Can I refinance a Topeka flip into a rental loan?
Are Topeka houses too cheap for a hard money loan?
What programs fit a first flip in Topeka?
Before you sign anything
Ready to fund your Topeka deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.