Capital Kings LLC · Broker, not a lenderFix and Flip Loans
in Michigan
Cash to close a $175,000 Detroit flip
$34,873
$175,000 purchase · $35,000 rehab · $265,000 ARV · 700 credit · First Flip, 10% Down
See every line of the mathPurchase plus 100% of the rehab budget for Michigan flips, funded through draws, with a term sheet before you commit. First flips welcome from 660 credit, 0% down once you have 2 completed flips and the deal fits under 70% of ARV. We broker Detroit, Grand Rapids, Lansing and every county in between.
Prefer to talk it through? Call or text Micah at (281) 636-5682.
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Fix and Flip Loans in Michigan at a glance
These are the terms on the programs we're quoting right now. Your actual terms depend on the property, your credit and your experience, and the term sheet shows the real numbers before you commit.
8.99%
Rates from
10%
Down on a first flip (of purchase + rehab); 0% with 2+ completed flips under 70% of ARV
100%
Rehab funded via draws
75% ARV
Max loan
9-24 mo
Interest-only term, by program
5-14 days
To fund
Programs and pricing
Michigan fix and flip terms as of October 2026
Same numbers the term sheet prints after you apply. Capital Kings LLC shops your Michigan scenario across 400+ lenders and places it with the one that fits. Read the full fix and flip guide for how the program works deal by deal.
Purchase plus 100% of the rehab budget, funded through draws. The program you land on depends on credit and how many flips you have completed.
Lowest rate
- Program
- Best Rate
- Down payment
- 15%
- Min credit
- 700+
- Experience
- First flip OK
- Rate
- 8.99% to 9.49%
- Max loan
- 70% of ARV
- Close
- 5-14 days
Least down on a first flip
- Program
- First Flip, 10% Down
- Down payment
- 10%
- Min credit
- 660+
- Experience
- First flip OK
- Rate
- 9.99%
- Max loan
- 75% of ARV
- Close
- 21-30 days
Least down with completed flips
- Program
- 100% Financing, 2+ Flips
- Down payment
- 0% (100% financing)
- Min credit
- 620+
- Experience
- 2+ completed flips
- Rate
- 9.50% to 12.00%
- Max loan
- 70% of ARV
- Close
- 7-14 days
See all 5 programs
| 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, 5+ Flips3 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
| 100% Financing, 2+ Flips4 | 0% (100% financing) | 620+ | 2+ completed flips | 9.50% to 12.00% | 2.5% | 70% of ARV | 9 months | 7-14 days |
Program notes (4)
- 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 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.
First flip in Detroit, 700 credit, lowest rate
$175,000 purchase · $35,000 rehab · $265,000 ARV · Best Rate program
- Loan amount
- $183,750
- Down payment (15% of purchase)
- $26,250
- Rate
- 9.49%
- Origination
- $2,000
- Broker fee
- $2,000
- Lender fees
- $1,989
- Estimated cash to close
- $37,202
- Interest per month while you rehab
- $1,176
First flip in Detroit, 700 credit, least cash to close
$175,000 purchase · $35,000 rehab · $265,000 ARV · First Flip, 10% Down program
- Loan amount
- $189,000
- Down payment (10% of purchase plus rehab)
- $21,000
- Rate
- 9.99%
- Origination
- $4,016
- Broker fee
- $2,000
- Lender fees
- $2,790
- Estimated cash to close
- $34,873
- Interest per month while you rehab
- $1,282
Sized to the Michigan market: the typical Michigan home is worth about $263,760 and a starter home about $142,081 (Zillow Home Value Index, September 2026). Single family homes sold in a median of 24 days with 2.5 months of supply (Redfin, May 2026). So the example buys at about two thirds of the typical value, budgets a mid-range rehab and resells at the typical value.
Estimates on Capital Kings terms as of October 2026. Cash to close includes down payment, origination, broker fee, the lender's own fees (processing, underwriting, legal or doc prep), title, prepaid interest, insurance and appraisal. Rehab is funded 100% through draws on every program.
Who it is for
Michigan investors we fund with fix and flip loans
First flips welcome
No completed deals required. Credit and the deal set the program; completed flips unlock the programs with less than 10% down.
Investors keeping cash for the rehab
100% of the rehab budget is funded on every program, so the money you bring goes to the purchase, not the renovation.
Wholesale and auction contracts
Deals in Michigan with a hard closing date. Plan on 5 to 14 days to fund once the file is complete.
LLC or personal name
Business-purpose loans, vested in your entity, on single family through small multifamily.
What we need from you
- Purchase contract
- Rehab budget or scope of work
- Two months of bank statements showing the cash to close
- Government ID
- LLC documents if you are closing in an entity
How it works
From application to funding in Michigan
- 1Send the dealAddress, purchase price, rehab budget, ARV and your credit range. About five minutes on the application.
- 2Get a term sheetLoan amount, rate, origination, broker fee, every closing cost and your cash to close, before any commitment.
- 3We shop itThe scenario goes to the lenders in our network that fund Michigan flips at your credit and experience level.
- 4Close and drawPurchase funds at closing. Rehab money is released in draws as work is completed and inspected.
Where we lend
Michigan, city by city
The Michigan markets we fund most. Not on the map? We broker every county in the state, so send the deal and we place it.
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Questions, worked out
The math on common questions
One question per page, answered with a worked example and the real term sheet.
Common Questions
Michigan Lending FAQ
How much down payment do I need for a fix and flip loan in Michigan?
As of October 2026 in Michigan: 10% down (of purchase plus rehab) on a first flip from 660 credit at 9.99%, and 15% down at 700+ credit for our best rate, 8.99% to 9.49%. Investors with 2+ completed flips in the last two years and about $75,000 in verified liquidity can go to 0% down (100% financing) at 620+ credit, 9.50% to 12.00%, when purchase plus rehab fits under 70% of ARV. Closing costs are still paid in cash. Rehab is 100% funded through draws on every Michigan program.
What credit score do I need for a Michigan fix and flip loan?
660+ for the 10% down program, 700+ for the best-rate program, and 660+ for a DSCR rental loan. First flips are welcome in Michigan with no completed deals required; completed flips unlock the programs with less than 10% down.
How much cash do I need to close a $175,000 flip in Michigan?
On a $175,000 purchase with a $35,000 rehab and a $265,000 ARV, a first flip at 700 credit on the Best Rate program is about $37,202 cash to close ($26,250 down plus origination, broker fee, $1,989 of lender fees, title, prepaid interest, insurance and appraisal). Figures as of October 2026.
Does the loan cover the rehab budget?
Yes, 100% of the rehab budget on every Michigan program. It is held back at closing and released in draws: you complete a stage, an inspector confirms it, the draw is wired. Budget for the first stage out of pocket.
How fast can a Michigan fix and flip loan close?
Most Michigan flips fund in 5-14 days once the file is complete.
Is Capital Kings a direct lender in Michigan?
No. Capital Kings LLC is a mortgage broker. We shop your Michigan scenario across a network of 400+ lenders and place it with the one that fits, and every fee is itemized on the term sheet before you commit.
More in Michigan
Other Michigan loan programs
Learn More
Michigan Investor Resources
How the loans are structured, what lenders check, and how to compare offers on a Michigan deal.
Ready to fund your Michigan deal?
Submit your scenario in about 5 minutes. We shop our 400+ lender network and send back a term sheet on your actual deal.
Capital Kings LLC is a non-QM mortgage brokerage. We are not a direct lender. We shop your scenario across a network of state-licensed direct lenders to find the best fit. Loans in Michigan are originated by partner lenders licensed to lend in Michigan. All loans subject to underwriting approval. Rates, terms, and program availability vary by lender and may change without notice. Hard money and DSCR loans are secured by real estate. Not for primary residences.