Hard Money Lenders in Auburn, ME | Fix & Flip | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inAuburn, Maine

Fix and flip, DSCR rental and new construction financing for Auburn 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 Auburn deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price an Auburn deal right now

Prefilled with a realistic Auburn deal. Change any number and it reprices on the programs that lend in Maine, 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 Auburn

Auburn is Lewiston’s twin across the Androscoggin, smaller and more single family. Its in town neighborhoods, New Auburn and the streets around Union Street and downtown, have older singles and two families from the shoe factory era, while most of the city is postwar capes, ranches and split levels, with rural lots out toward the west. It shares a job market with Lewiston and sits on the Maine Turnpike, an hour or less from Portland.

Auburn’s flips are mostly suburban style homes from the 1950s to the 1980s bought from long time owners, and the scope is predictable: roofs, furnaces, windows, kitchens, baths, and basements that take on water. Prices fell over the past year while homes still sell close to list, so the deal has to be priced on today’s renovated sales, not last year’s peak. Older New Auburn homes can work, but budget them like downtown Lewiston.

What an Auburn deal looks like on paper

Auburn example: $200,000 purchase, $60,000 rehab, $355,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Say a 1960s ranch off Minot Avenue with a wet basement, an old furnace, worn floors and a kitchen and bath that were never updated. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$234,000
Cash to close$43,329
Proof of funds to show$71,217
Where the $43,329 goes
  • Down payment (10% of purchase plus rehab)You$26,000
  • Origination (2.13%)Lender$4,973
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,340
  • Title and closing (estimate at Texas rates)Title$3,492
  • Prepaid interest (15 days)Lender$714
  • Property insuranceInsurer$2,470
  • AppraisalAppraiser$550

Interest while you rehab: $1,449 a month on the $174,000 funded at closing, $1,948 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $11,688 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 Auburn

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
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
  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 Auburn prices sit right now

Before we price an Auburn 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 Auburn median sale price at $315,000 over the three months through September 2026, down 12.5% from a year earlier, with homes selling in about 32 days and 74 sales in September.

Median sale price, Auburn (Redfin, 3 months to Sep 2026)$315,000
Days on market, Auburn (Redfin)32
Homes sold in September 2026 (Redfin)74
Share of properties at severe 30-year flood risk (First Street via Redfin)6%

Sources: Redfin, Auburn ME housing market

How an Auburn file actually gets priced

We comp Auburn against Auburn first. Lewiston sales are close by but the housing mix is different, and a downtown Lewiston tenement says nothing about an Auburn ranch. New Auburn prices below the rest of the city. Rural west side homes on well and septic need those systems tested, and an appraiser will look hard at lot size and road frontage when comps are spread out.

Redfin’s First Street data puts about 6% of Auburn properties at severe 30 year flood risk, concentrated in New Auburn along the Androscoggin and the Little Androscoggin. The other Auburn quirk is Lake Auburn: it supplies drinking water for both cities, and land in its watershed carries extra limits on building and septic, so check before planning an addition or a new lot. Maine’s transfer tax is split between buyer and seller.

Who buys your finished Auburn deal

The finished Auburn house sells to first time buyers and families from Lewiston and the surrounding towns, plus some buyers coming up from southern Maine for the price. They want a dry basement, efficient heat and a clean kitchen at a payment that beats rent. Two families in New Auburn sell to owner occupants and local landlords, and a DSCR refinance is a reasonable second exit.

What happens after you apply

Apply once and the whole Auburn 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 Auburn

Fix and flip

10%down on a first flip
Rates
from 9.50% at 620+ credit with 2+ completed flips
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 Maine →

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 Maine →

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 Maine →

Where we lend in Auburn

We broker deals across the whole Auburn market. The submarkets investors ask us about most are New Auburn (04210), Downtown and Union Street (04210), Minot Avenue corridor (04210), East Auburn (04210), West Auburn and the rural west side (04210) and Washington Street and Danville (04210).

How long does a Auburn 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 Maine, and the rate, origination, leverage and cash to close come back side by side. Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Auburn hard money FAQ

Do you lend hard money in Auburn?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Auburn 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 Maine, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Auburn?
As of October 2026: 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). 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 Auburn hard money loan close?
In Maine, once the file is complete, the programs for investors with completed flips close in 7-14 days (10-14 on 5% down with 5+ flips, 21-30 on 7.5% down with 3+ flips) and a first flip on the 10% down program closes 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 Auburn flip?
The worked example on this page is a $200,000 Auburn purchase with a $60,000 rehab and a $355,000 after repair value at 700 credit, first flip: $26,000 down (10% of purchase plus rehab) and $43,329 total cash to close, with $71,217 of proof of funds to show the lender. 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 Auburn?
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 Auburn fix and flip loan?
The lowest credit floor among the Auburn programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.50%, needs 620+ credit and 2+ completed flips. Depending on the program, 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 Auburn flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way an Auburn 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.
Can I finance a first flip in Auburn, Maine?
Yes. In Maine a first flip can be priced at 10% down with 660+ credit (from 9.99%). The worked example on this page is priced as a first deal. 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.
Does the Lake Auburn watershed affect my project?
It can. The lake is the public water supply for Auburn and Lewiston, and properties in its watershed face stricter rules on septic systems and new building. A cosmetic flip is usually unaffected, but an addition, a new septic or a lot split needs a check with the city first.
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 Auburn: Lewiston, Portland and South Portland. More Maine city guides: Bangor. Or see everything we fund in Maine.

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