Hard Money Lenders in Allentown, PA | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inAllentown, Pennsylvania

Fix and flip, DSCR rental and new construction financing for Allentown 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.

Get a term sheet →Price an Allentown deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price an Allentown deal right now

Prefilled with a realistic Allentown deal. Change any number and it reprices on the programs that lend in Pennsylvania, with the same math as our term sheets.

Sizing your flip on the same terms as the term sheet. Get a real term sheet →

Financing a deal in Allentown

Allentown is the biggest city in the Lehigh Valley, and one of the most competitive markets in Pennsylvania right now. Redfin has homes drawing several offers and selling in under two weeks. The city is mostly brick: rowhouses and twins from 1890 to 1930 in Center City and Old Allentown, and 1920s to 1950s singles and twins on the West End, the East Side and the South Side. In Pennsylvania a first flip can be priced at 15% down with 700+ credit (from 8.99%), 10% down with 660+ credit (from 9.99%) or 10% down with no credit minimum on the fastest-close program (from 11.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.

Allentown sells fast, so the hard part is buying. Plenty of the stock has been a rental for decades, and the best deals come from landlords selling out, estates and houses that failed an inspection. On the other end, buyers are coming from the whole Valley, and some from New Jersey and New York, looking for a lower price. The flip that works buys a tired twin with a clean shell and sells it finished to a first-time buyer. The one that doesn’t pays a bidding-war price for a house that needs everything.

What an Allentown deal looks like on paper

Allentown example: $165,000 purchase, $60,000 rehab, $310,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Picture a 1920s brick twin on the East Side: kitchen and bath, a gas furnace to replace the old boiler, an electrical service upgrade, windows and a rental inspection that passes the first time. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$200,250
Cash to close$37,302
Proof of funds to show$63,004
Where the $37,302 goes
  • Down payment (15% of the purchase)You$24,750
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,003
  • Title and closing (estimate at Texas rates)Title$3,325
  • Prepaid interest (15 days)Lender$547
  • Property insuranceInsurer$2,138
  • AppraisalAppraiser$550

Interest while you rehab: $1,109 a month on the $140,250 funded at closing, $1,584 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $9,502 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Allentown

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15% of purchase700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
Fastest Close (3 days)10% of purchaseNo minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  1. 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.
  2. 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.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. 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.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

Where Allentown prices sit right now

Before we price an Allentown 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 Allentown median sale price at $278K for the three months ending September 2026, up 7.1% on a year earlier. Homes sell in about 11 days and draw around 6 offers.

Median sale price, Allentown (Redfin, 3 months to Sep 2026)$278,000
Change on a year earlier (Redfin)Up 7.1%
Days on market, Allentown (Redfin)11
Average offers per home (Redfin)6

Sources: Redfin, Allentown housing market, City of Allentown, Rental Unit Registration and Inspection Program

How an Allentown file actually gets priced

Allentown values split sharply by section. The West End near Muhlenberg College and the parks sells at a level Center City rows don’t reach, and a twin is valued against twins, not singles. We build the ARV from renovated sales in the same section and house type, sold in the last few months, and treat an over-list sale as support, not a new baseline. If the house was a rental, we want its city rental license history, since open deficiencies follow the property.

Allentown licenses every rental unit: the owner registers it, the city inspects it, and the license renews every year. A newly bought rental has to be licensed soon after the title transfer, so if you’re buying an occupied house, know its status before you close. On the building, expect pre-1978 lead paint, old boilers and knob and tube wiring, slate roofs and box gutters on the older rows, and stone basement walls that seep. Pennsylvania transfer tax is split between state and local rates, so put it in your closing costs from the start.

Who buys your finished Allentown deal

The finished Allentown house sells to a first-time buyer, often with FHA or a Pennsylvania Housing Finance Agency loan, who works for the hospitals, the warehouses along Route 22 and I-78, or commutes toward New Jersey. Those loans check condition, so the finish needs to pass inspection as much as it needs to look good. A twin or small multifamily can also be held: licensed and leased, it can be refinanced into a DSCR loan (a rental loan qualified on the rent, not your income).

What happens after you apply

Apply once and the whole Allentown 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.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Allentown

Fix and flip

10%down on a first flip
Rates
from 8.99% at 760+ credit
With experience
0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab
100% funded, paid in draws
Fix and flip loans in Pennsylvania →

Rental (DSCR)

7.00%rates from, 30-year fixed
Qualify on
the rent, no W-2s or tax returns
Down
from 20% at 700+ credit
Good for
buy-and-hold, and the refinance when a flip becomes a rental
DSCR loans in Pennsylvania →

New construction

95%of cost with a financed interest reserve, after 1 completed build
Rates
from 8.49% with 5+ completed builds
First build
85% of cost with a GC who has 5+ builds
Builds
single family to small multifamily
New construction loans in Pennsylvania →

Where we lend in Allentown

We broker deals across the whole Allentown market. The submarkets investors ask us about most are Old Allentown and Old Fairgrounds (18102), The West End (18104), East Side and Mack South (18109), South Side and Mountainville (18103), Center City and Downtown (18101) and Franklin Park (18102).

How long does a Allentown loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in Pennsylvania, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund, as little as 72 hours on the fastest programs. We stay on title and the lender through funding.

Allentown hard money FAQ

Do you lend hard money in Allentown?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Allentown scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Pennsylvania, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Allentown?
As of October 2026: Best Rate (15% down, from 8.99%); First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips); Fastest Close (3 days) (10% down, from 11.99%). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can an Allentown hard money loan close?
As little as 72 hours. Most Allentown fix and flip files fund in 5-14 days once the file is complete, and the 72-hour programs close that fast when title and insurance are ready. The First Flip, 10% Down program and the 7.5% Down, 3+ Flips program close in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on an Allentown flip?
The worked example on this page is a $165,000 Allentown purchase with a $60,000 rehab and a $310,000 after repair value at 700 credit, first flip: $24,750 down (15% of the purchase) and $37,302 total cash to close, with $63,004 of proof of funds to show the lender. The lowest down payment for a first flip in Allentown is 10% down from 9.99% at 660+ credit. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Allentown?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for an Allentown fix and flip loan?
One Allentown program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 8.99%, needs 760+ credit. Depending on the program, rates step down at 760 credit and origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance an Allentown flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way an Allentown flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Does an Allentown flip need a rental license?
Only if it becomes a rental, but check the status either way. Every rental unit in the city must be registered, inspected and licensed, and the license is renewed every year. If you buy a house that was rented, ask for its license and inspection history before closing. If you end up holding it, schedule the inspection before a tenant moves in.
Can I get a hard money loan for my first flip in Allentown?
Yes. In Pennsylvania a first flip can be priced at 15% down with 700+ credit (from 8.99%), 10% down with 660+ credit (from 9.99%) or 10% down with no credit minimum on the fastest-close program (from 11.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV. Allentown moves fast, so have your pre-approval and contractor lined up before you bid; sellers here pick the offer that can close.
Micah Foster
Micah Foster
Founder & CEO, Capital Kings LLC
Micah brokers Non-QM and hard money loans for real estate investors across 38 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.

What to read before you sign a term sheet

Hard money near Allentown: Reading and Scranton. More Pennsylvania city guides: Erie, Harrisburg, Philadelphia and Pittsburgh. Or see everything we fund in Pennsylvania.

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