Broker, not a lenderHard Money Lenders inWaterbury, Connecticut
Fix and flip, DSCR rental and new construction financing for Waterbury 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 Waterbury deal right now
Prefilled with a realistic Waterbury deal. Change any number and it reprices instantly on the lanes licensed in Connecticut, using the same engine behind our term sheets.
Financing a deal in Waterbury
Waterbury was the Brass City, once the center of American brass making, and its hills are covered with the housing that industry built. Triple deckers and two families fill the North End, Brooklyn and Washington Hill, Hillside and Overlook have big Victorians and early 1900s colonials, and Town Plot, Bunker Hill, the East End and Bucks Hill are mostly capes, colonials and ranches from the 1920s through the 1960s. It is one of the least expensive cities in Connecticut, about halfway between Hartford and the New York suburbs on I-84.
Waterbury is a low purchase price, cash flow market, which brings in investors from Fairfield County and New York. That makes it competitive at the bottom and practical at the top: buyers want a solid, clean house, not a luxury finish. The hills and the age of the stock drive the budget, with steep driveways, retaining walls, old steam heat, oil tanks and lead paint common. The singles in Town Plot, Bunker Hill and the East End are the core flip inventory.
What a Waterbury deal looks like on paper
Waterbury example: $170,000 purchase, $60,000 rehab, $315,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Picture a 1920s Town Plot colonial with a steam boiler, cast iron drains, original windows and a kitchen and bath that need everything. 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$25,500
- Origination (0.5%)Lender$2,000
- Lender fees (flat)Lender$1,989
- Broker fee (1%)Broker$2,045
- Title and closing (estimate at Texas rates)Title$3,346
- Prepaid interest (15 days)Lender$798
- Property insuranceInsurer$2,185
- AppraisalAppraiser$550
Interest while you rehab: $1,143 a month on the $144,500 funded at closing, $1,617 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $9,704 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 Waterbury
| 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 Waterbury prices sit right now
Before we price a Waterbury 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 Waterbury median sale price at $305,000 over the three months through September 2026, up 7.0% from a year earlier, with the median price per square foot up 17.4%. Homes sold in about 43 days with around five offers each, and there were 232 sales in September.
| Median sale price, Waterbury (Redfin, 3 months to Sep 2026) | $305,000 |
| Days on market, Waterbury (Redfin) | 43 |
| Average offers per home (Redfin) | 5 |
| Homes sold in September 2026 (Redfin) | 232 |
| Share of properties at severe 30-year flood risk (First Street via Redfin) | 4% |
Sources: Redfin, Waterbury CT housing market
How a Waterbury file actually gets priced
Values change sharply by neighborhood and by street, so comps from across the city mislead. We value singles from renovated sales in the same section and keep multifamily on its own comps with rent support. Appraisals here can come in tight against an optimistic ARV, so we size the loan on what renovated houses on similar streets have actually closed at, not on list prices.
The Naugatuck River and Mad River run through the city and flooded catastrophically in 1955. Today Redfin’s First Street data puts about 4% of Waterbury properties at severe 30 year flood risk, so most of the city sits well above the water, but check the map near the rivers. Steep lots bring drainage and retaining wall issues. Most of the housing predates 1978, so plan lead safe work. Connecticut closings use attorneys, and the conveyance tax is on the seller, which you pay on the exit.
Who buys your finished Waterbury deal
The finished Waterbury house sells to first time buyers, often on FHA or Connecticut housing finance programs, so it has to pass an FHA appraisal and condition review. Renovated two and three families sell to owner occupants who use the rent and to investors buying yield. With low prices and real rents, a DSCR refinance on a multifamily is a common way to hold, and we run that alongside the sale.
Your whole loan, in one portal
Apply once and the whole Waterbury 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 Waterbury
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Waterbury.
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 Waterbury
We broker deals across the whole Waterbury 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 Connecticut, 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.
Waterbury hard money FAQ
Do you lend hard money in Waterbury?
Which fix and flip programs apply in Waterbury?
How fast can a Waterbury hard money loan close?
How much do I need to bring to close on a Waterbury flip?
Do you fund the rehab budget in Waterbury?
What credit score do I need for a Waterbury fix and flip loan?
Can I refinance a Waterbury flip into a rental loan?
Is Waterbury a good market for a first flip?
Should I flip or hold a Waterbury multifamily?
Before you sign anything
Ready to fund your Waterbury deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.