The Great Lakes State · Broker, not a lender

Hard Money &
DSCR Loans in Michigan

Capital Kings brokers Michigan investor loans: hard money, DSCR and bridge across Detroit, Grand Rapids, Lansing, Ann Arbor, Kalamazoo and Flint. Business-purpose loans to an LLC on non-owner-occupied property only.

By Micah Foster·Updated October 2026

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

400+lenders shopped for you38states servedReal brokernot a call center

LansingState capitalThe Great Lakes StateState nickname

What You Can Get in Michigan

These are the ranges we're currently seeing. Your actual terms depend on the property, leverage, experience and loan program. Send us the deal and we'll price it with the lenders that fit.

8.99%

Rates from

0-15%

Down (0% with 2+ completed flips, when purchase + rehab fit under 70% of ARV)

75% ARV

Max loan

100%

Rehab funded via draws

1.0 DSCR

Rentals qualify from

5-14 days

To fund

Loan Products

What We Fund in Michigan

Detroit has some of the lowest entry prices of any big city, which puts BRRRR on the table, and it also means the rehab scope and the appraisal decide the deal. Detroit also requires a rental certificate before you lease, so build the inspection into a DSCR timeline. Grand Rapids and Ann Arbor cost more to get into and rent steadily. One Michigan habit to plan for: a home's taxable value uncaps when it sells, so your property tax bill can come in well above the seller's.

Fix & Flip

Hard Money for Flips

From 8.99%Up to 100% of purchase (2+ flips, under 70% of ARV)100% rehab

Purchase plus rehab on one loan, with the rehab money released in draws as the work gets done.

DSCR

Rental Property Loans

From 1.0 DSCR30-yr fixedNo W-2 or tax returns

Qualify on the rent, not your income. For Michigan buy-and-hold and BRRRR investors.

Bridge

Bridge & Value-Add

12-24 moInterest-only

Short-term money to buy, fix up or stabilize a property until the long-term loan or the sale is ready.

New Construction

Ground-Up Construction

Up to 95% with a financed interest reserveSFR to small multifamily

Ground-up builds in Michigan, from a single spec house to small multifamily.

Programs and pricing

What Michigan investors actually get as of October 2026

These are the programs we shop for Michigan deals and the terms they price at today. Same numbers as the term sheet you get after you apply. Capital Kings LLC is a broker, not a lender: we place the loan with the lender that fits, and every fee is on the sheet before you commit.

Fix and flip in Michigan How the programs work

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. Rates from 8.99% in Michigan.

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.

DSCR rental loans in Michigan Full DSCR guide

Rates are 30-year fixed, priced off loan-to-value: 7.00% up to 70% LTV, 7.13% up to 75% LTV, 7.25% up to 80% LTV for a 760+ borrower with a 5-year prepay, plus 0.19% for a rate and term refinance, 0.37% for cash-out (0.77% above 75% LTV) and 0.26% for 2-4 units. No lender origination points. Lender fees about $2,295, plus our 1% broker fee ($2,000 minimum), all itemized on the term sheet. Minimum 1.00 DSCR, minimum 660 credit, minimum $100,000 loan, 3 months of reserves on a purchase and 6 on a cash-out. No W-2s, no tax returns, no debt-to-income ratio.

Credit	Purchase max LTV	Purchase rate at max LTV	Cash-out max LTV	Cash-out rate at max LTV
760+	80%	7.25%	80%	8.02%
740 to 759	80%	7.38%	80%	8.15%
720 to 739	80%	7.61%	80%	8.38%
700 to 719	80%	7.88%	75%	7.82%
680-699	75%	Priced per file	70%	Priced per file
660 to 679	65%	Priced per file	60%	Priced per file

Cash-out refinance on a Detroit rental, 740 credit

$265,000 appraised value · single family · rent covers the payment at 1.00 DSCR or better

Maximum loan (80% LTV): $212,000
Rate (30-year fixed): 8.15%
Lender fees (underwriting, legal, setup): $2,295
Broker fee (1%, $2,000 minimum): $2,120
Principal and interest per month: $1,578
Reserves required: 6 months

New construction in Michigan Full construction guide

Ground-up single family to small multifamily, 12-18 month interest-only terms, lot and vertical funded together. First-time builders qualify at 650+ credit on Lower Fees (680+ on the Financed Interest Reserve) with a general contractor who has 5+ completed builds. Pick the structure that fits your cash:

Lower Fees. About 2 points and no reserve in the loan; you pay the interest monthly from the first draw.

Experience	Max loan	Completed-value cap	Lot advance	Rate	Origination
GC-backed first build	85% of total cost	65% of completed value	70% of lot cost	11.74%	2%
1-4 builds	85% of total cost	70% of completed value	75% of lot cost	10.49%	2%
5+ builds	90% of total cost	75% of completed value	80% of lot cost	10.50%	2%

Financed Interest Reserve. Your first months of interest are financed as part of the loan rather than paid out of pocket: the loan carries an interest reserve of six months of fully drawn interest, so your payments are covered while you build, up to 95% of cost with the reserve counted. $1,995 underwriting and $1,495 processing on top of origination, and 60% of the lot until permits are in. This structure needs 680+ credit and liquid funds of about 10% of the build budget plus fees.

Experience	Max loan, reserve included	Completed-value cap	Lot advance	Rate	Origination
GC-backed first build	90% of total cost	70% of completed value	70% of lot cost	9.50%	3%
1-4 builds	95% of total cost	75% of completed value	70% of lot cost	9.50%	3%
5+ builds	95% of total cost	75% of completed value	75% of lot cost	8.49%	3%

Both structures also carry our 1% broker fee ($2,000 minimum), itemized on the term sheet with every lender fee.

Purchase only (no rehab) in Michigan

Buying a property that does not need work, or handling the rehab yourself: our priced purchase-only program does not lend in Michigan yet. Send the deal and we price it per file with the lenders that do.

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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Run your deal

See what the numbers look like in Michigan before you apply

Pick the loan, then drag the numbers. Every figure is priced the way your term sheet is, on the programs that lend in Michigan.

Sizing your deal on the same terms as the term sheet. Get my real numbers →

Why Capital Kings

Built for Michigan Investors

You're hiring a broker, not a lender. One application, 400+ lenders shopped, and we bring you the best fit for the deal instead of pitching a single product.

Fund in 5-14 days once the file is complete

Detroit BRRRR financing, flip to DSCR refinance

Grand Rapids and Ann Arbor DSCR rentals

Fix-and-flip and ground-up financing statewide

Ground-up up to 95% of cost with a financed interest reserve (1+ builds)

Questions, worked out

The math on common questions

One question per page, answered with a worked example and the real term sheet.

How does BRRRR financing work in Texas? →Can I get a fix and flip loan in Texas with no experience? →Can I get a fix and flip loan with a 500 or 600 credit score? →How much cash do I need to flip a $200K house? →5% down fix and flip: what’s the real cash to close? →How much cash do I need to buy a $250K rental with a DSCR loan? →What does a $300K DSCR rental refinance cost? →How much rent do I need to qualify for a DSCR loan? →How much down for new construction with no experience? →How do draws work on a hard money construction loan? →Can I buy the lot and build with one construction loan? →Can I be my own builder on a construction loan? →What are construction loan rates right now? →

Common Questions

Michigan Lending FAQ

Do you lend hard money loans in Michigan?

Yes. Capital Kings brokers hard money, DSCR, bridge, and fix-and-flip loans across Michigan through our 400+ lender network. We close Michigan flips in 5 to 14 days once the file is complete.

What cities in Michigan does Capital Kings lend in?

We broker investor loans statewide in Michigan, with active deal flow in Detroit, Grand Rapids, Lansing, Ann Arbor, Kalamazoo and the surrounding metros.

Do you offer DSCR rental loans in Michigan?

Yes. DSCR loans qualify the property on rental income (not your personal W-2), and we broker DSCR rentals across Michigan on single-family, 2-4 unit properties, including short-term rentals where projected Airbnb income is allowed.

How fast can a Michigan hard money loan close?

Most Michigan fix-and-flip deals fund in 5-14 days once the file is complete. Files with title opened and the appraisal ordered early land at the short end.

What's the minimum down payment for a Michigan fix-and-flip loan?

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 hard money 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.

Can I do a DSCR cash-out refinance on a Michigan rental?

Yes. Cash-out DSCR loans in Michigan go up to 80% of appraised value at 720+ credit, 75% at 700, 70% at 680 and 60% at 660. Seasoning after a recent purchase varies by lender. Rates start at 8.02% on a 30-year fixed for a 760+ borrower, minimum 1.00 DSCR, 6 months of reserves, no tax returns.

Do you finance new construction in Michigan for a first-time builder?

Yes, as long as a general contractor with 5+ completed builds builds it. A first build in Michigan comes in at 11.74% with 85% of total project cost financed, capped at 65% of completed value, 650+ credit. After one completed build the loan stays at 85% of cost and the rate drops to 10.49%, and 5+ builds get 75% of completed value at 10.50%. With a financed interest reserve built into the loan (680+ credit), a GC-backed first build or one completed build prices at 9.50% and 5+ builds from 8.49%, 3% origination plus lender fees. Both structures add our 1% broker fee ($2,000 minimum).

Learn More

Michigan Investor Resources

How the loans are structured, what lenders check, and how to compare offers on a Michigan deal.

Adjacent Markets

Also lending in

Ohio →Indiana →Wisconsin →All 38 states →

Founder & CEO

Micah Foster

Micah specializes in Non-QM and hard money lending for real estate investors across 38 states. Based in Texas, he founded Capital Kings to give investors a true broker who shops the market on their behalf instead of pitching one lender's product.

Connect With Micah →

Ready to fund your Michigan deal?

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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.

Hard Money &DSCR Loans in Michigan