Capital Kings LLC · Broker, not a lender

Fix and Flip Loans
in North Carolina

$41,147

cash to close a $225,000 Charlotte flip

$45,000 of rehab, $335,000 after repair value, a first flip at 700 credit on the New Investor Program.

Loan: $241,875
Rate: 9.75%
Down payment (12.5% of purchase): $28,125

Purchase plus 100% of the rehab budget for North Carolina flips, funded through draws, with a term sheet before you commit. First flips welcome, 0% down once you have 2 completed flips and the deal fits under 70% of ARV. We broker Charlotte, Raleigh, Greensboro and every county in between.

By Micah FosterProgram terms verified October 2026

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

RaleighState capitalThe Tar Heel StateState nickname

What are fix and flip loan terms in North Carolina right now?

These are the terms on the programs we are 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.

Rates from (2+ completed flips): 9.50%
Down on a first flip (of purchase + rehab); 0% with 2+ completed flips under 70% of ARV: 10%
Rehab funded via draws: 100%
Max loan: 75% ARV
Interest-only term, by program: 6-24 mo
To fund, by program: 72 hrs to 30 days

North Carolina fix and flip terms as of October 2026

These use the same math as our term sheets. Final terms depend on the property, your credit and experience, and what the lender approves. 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 on a first flip

Program: New Investor Program
Down payment: 12.5%
Min credit: 700+
Experience: First flip OK
Rate: 9.75%
Max loan: 75% of ARV
Close: 72 hours

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 6 programs

Program	Down payment	Min credit	Experience	Rate	Origination	Max loan	Term	Close
New Investor Program	12.5% of purchase	700+	First flip OK	9.75%	1%	75% of ARV	12 months	72 hours
First Flip, 10% Down¹	10% of purchase + rehab	660+	First flip OK	9.99%	2% to 2.25%	75% of ARV	12 months	21-30 days
7.5% Down, 3+ Flips²	7.5% of purchase + rehab	660+	3+ completed flips	9.99%	1.5% to 1.75%	75% of ARV	12 months	21-30 days
5% Down, 5+ Flips³	5% of purchase	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
Fastest Close (3 days)	10% of purchase	No minimum	First flip OK	11.99%	1% to 2%	75% of ARV	6 months	72 hours

Program notes (4)

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.
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.
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% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

First flip in Charlotte, 700 credit

$225,000 purchase · $45,000 rehab · $335,000 ARV · First Flip, 10% Down program

Loan amount: $243,000
Down payment (10% of purchase plus rehab): $27,000
Rate: 9.99%
Origination (2.125%): $5,164
Broker fee: $2,430
Lender fees: $2,790
Title, insurance, appraisal, prepaid interest: $7,464
Estimated cash to close: $44,848
Cash the lender wants to see in the bank: $70,486
Interest per month while you rehab: $1,648

First flip in Charlotte, 700 credit, lowest rate and least cash to close

$225,000 purchase · $45,000 rehab · $335,000 ARV · New Investor Program

Loan amount: $241,875
Down payment (12.5% of purchase): $28,125
Rate: 9.75%
Origination (1%): $2,419
Broker fee: $2,419
Lender fees: $749
Title, insurance, appraisal, prepaid interest: $7,435
Estimated cash to close: $41,147
Cash the lender wants to see in the bank: $66,438
Interest per month while you rehab: $1,600

First flip in Charlotte, 650 credit

$225,000 purchase · $45,000 rehab · $335,000 ARV · Fastest Close (3 days) program

Loan amount: $247,500
Down payment (10% of purchase): $22,500
Rate: 11.99%
Origination (2%): $4,950
Broker fee: $2,475
Lender fees: $749
Title, insurance, appraisal, prepaid interest: $7,122
Estimated cash to close: $37,796
Cash the lender wants to see in the bank: $66,134
Interest per month while you rehab: $2,023

Sized to the North Carolina market: the typical North Carolina home is worth about $334,773 and a starter home about $194,567 (Zillow Home Value Index, August 2026). Single family homes sold in a median of 51 days with 3.7 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, but draws pay you back after each phase is done, so the lender also wants to see enough in the bank to front the first phase and cover a few months of payments. That is the bank figure on each card, and it is not money you spend at closing. Title is estimated from Texas title rates; your North Carolina title company quotes the real number.

What do you need to apply in North Carolina?

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 long does a fix and flip loan take in North Carolina?

Send the deal by text or through the application: address, purchase price, rehab budget, ARV and your credit range. We take it to the lenders that fund North Carolina flips at your credit and experience, and you get a term sheet with every fee before you commit. The fastest program closes in as little as 72 hours when title and insurance are ready, and the rest fund in up to 30 days once the file is complete. Rehab money is released in draws as each stage is inspected.

North Carolina, city by city

The North Carolina markets we fund most. Not on the map? We broker every county in the state, so send the deal and we place it.

Ctrl + scroll or click a crowded spot to zoom, drag to movePinch or tap a crowded spot to zoom, drag to move

What do common deals cost to close?

Each question has its own page with the worked example line by line and the sample term sheet. The figure is the answer on that page.

Questions about loans in North Carolina

How much down payment do I need for a fix and flip loan in North Carolina?

As of October 2026 in North Carolina: 10% down (of purchase plus rehab) on a first flip from 660 credit at 9.99%. 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 North Carolina program.

What credit score do I need for a North Carolina fix and flip loan?

660+ for the 10% down program, and 660+ for a DSCR rental loan. Our fastest-close program has no minimum score. First flips are welcome in North Carolina with no completed deals required; completed flips unlock the programs with less than 10% down.

How much cash do I need to close a $225,000 flip in North Carolina?

On a $225,000 purchase with a $45,000 rehab and a $335,000 ARV, a first flip at 700 credit on the First Flip, 10% Down program is about $44,848 cash to close ($27,000 down plus origination, broker fee, $2,790 of lender fees, title, prepaid interest, insurance and appraisal). At 650 credit on the Fastest Close (3 days) program it is about $37,796. Figures as of October 2026.

Does the loan cover the rehab budget?

Yes, 100% of the rehab budget on every North Carolina 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 North Carolina fix and flip loan close?

As little as 72 hours. In North Carolina, the fastest programs for investors with 2+ completed flips close in 7-14 days once the file is complete, and a first flip on the First Flip, 10% Down program closes in 21-30 days. The program closes in 72 hours at 10% down with no minimum credit score when title and insurance are ready.

Is Capital Kings a direct lender in North Carolina?

No. Capital Kings LLC is a mortgage broker. We work with a network of 400+ lenders, send your North Carolina deal to the ones that fit it, and lay out the rate and fees on a term sheet before you commit.

What else do we fund in North Carolina?

How do these loans actually work?

These guides use Texas deals for their examples, but the way the loans work, what lenders check and how to compare offers is the same on a North Carolina deal.

Next to North Carolina, we also lend in South Carolina, Georgia and Tennessee. See all 38 states we lend in →

Founder & CEO

Micah Foster

Micah worked as a loan officer at a direct hard money lender before he started Capital Kings in Houston, and he now runs it from Colorado Springs. He works with investors in 38 states, compares programs across his lender network and tells you what a deal will really cost before you sign anything.

Connect With Micah →

Ready to fund your North Carolina deal?

Text us the deal or send it through the application. We run it past the lenders that fit and send back a term sheet on your actual numbers, no full application needed to get started.

Start Application →Get a Pre-Approval Letter

Capital Kings LLC is a non-QM mortgage brokerage. We are not a direct lender. We take your scenario to direct lenders in our network and help you pick the one that fits. Loans in North Carolina are made by partner lenders that lend in North Carolina. 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.

Fix and Flip Loansin North Carolina