Hard Money Lenders in Hauppauge, NY | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inHauppauge, New York

Fix and flip, DSCR rental and new construction financing for Hauppauge 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 a Hauppauge deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Hauppauge deal right now

Prefilled with a realistic Hauppauge deal. Change any number and it reprices on the programs that lend in New York, 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 Hauppauge

Hauppauge is a mid-Suffolk hamlet built around one of the largest industrial parks in the Northeast and the Suffolk County government center. The housing is mostly 1960s and 1970s high ranches, split levels and capes on quarter-acre lots. Investors here usually do one of two things: a full update of an original-owner house for resale, or a hold rented to people who work in the park and the county offices.

Hauppauge straddles two towns, Smithtown to the north and Islip to the south, and that line decides who issues your permits, which rules apply to an accessory apartment and which school district you are in. Know which side the house is on before you write a scope. Inventory is tight and Redfin shows houses selling in about four weeks, so the price you pay matters more than the finish you add.

What a Hauppauge deal looks like on paper

Hauppauge example: $560,000 purchase, $110,000 rehab, $940,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1960s high ranch off Route 111: new kitchen and baths on the main level, the lower level finished properly, a new roof and the cesspool checked and pumped. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$603,000
Cash to close$102,373
Proof of funds to show$159,993
Where the $102,373 goes
  • Down payment (10% of purchase plus rehab)You$67,000
  • Origination (2.13%)Lender$12,814
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$5,515
  • Title and closing (Texas-rate estimate; New York adds mortgage recording tax and attorney fees)Title$5,315
  • Prepaid interest (15 days)Lender$2,024
  • Property insuranceInsurer$6,365
  • AppraisalAppraiser$550

Interest while you rehab: $4,104 a month on the $493,000 funded at closing, $5,020 once every draw is out. Proof of funds is cash to close plus $27,500 of rehab reserve and $30,120 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 Hauppauge

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 Hauppauge prices sit right now

Before we price a Hauppauge 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 Hauppauge median sale price at $812K for the three months ending September 2026, up 4.1% from a year earlier, with homes selling after about 28 days on the market, compared with 26 days a year earlier.

Median sale price, Hauppauge (Redfin, 3 months to Sep 2026)$812K
Days on market, Hauppauge (Redfin)28
Year over year change in median (Redfin)+4.1%

Sources: Redfin, Hauppauge housing market, Suffolk County, Reclaim Our Water septic program

How a Hauppauge file actually gets priced

Appraisers compare by layout and by town side: a high ranch against high ranches, Smithtown schools against Smithtown schools. An illegal basement or lower-level apartment adds nothing to value on paper and can stop a sale, so lenders want the certificate of occupancy to match the house. Property taxes are heavy on Long Island, and on a DSCR file they come straight out of the ratio, so we underwrite with the real tax bill, not an estimate.

Most of Hauppauge runs on cesspools, not sewer. An old cesspool can need replacement, and Suffolk County rules can require an advanced nitrogen-reducing system when a project adds bedrooms or replaces the system, which is a big line in the budget. Open or expired permits from past owners are common and have to be closed before a sale. Check for underground oil tanks on older houses, and confirm the flood map on the low ground near the Nissequogue headwaters.

Who buys your finished Hauppauge deal

The finished house sells to a Long Island family moving up, often someone who works in the industrial park, at the county complex or along the Expressway, with conventional financing. They expect updated kitchens and baths, central air and a clean permit history. Rents are strong on both sides of the town line, so a DSCR hold on a legal single family works when the rent covers the taxes and the payment.

What happens after you apply

Apply once and the whole Hauppauge 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 Hauppauge

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 New York →

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 New York →

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 New York →

Where we lend in Hauppauge

We broker deals across the whole Hauppauge market. The submarkets investors ask us about most are North Hauppauge near Blydenburgh Park, Town of Smithtown (11788), South Hauppauge, Town of Islip (11788), Route 111 and Wheeler Road (11788), Veterans Memorial Highway corridor (11788) and Islandia edge (11749).

How long does a Hauppauge 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 New York, 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 the attorneys, title and the lender through funding.

Hauppauge hard money FAQ

Do you lend hard money in Hauppauge?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Hauppauge 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 New York, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Hauppauge?
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 a Hauppauge hard money loan close?
In New York, 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. New York closings run through attorneys on both sides and the title work takes longer than in a title-company state, so we plan for that from day one. 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 a Hauppauge flip?
The worked example on this page is a $560,000 Hauppauge purchase with a $110,000 rehab and a $940,000 after repair value at 700 credit, first flip: $67,000 down (10% of purchase plus rehab) and $102,373 total cash to close, with $159,993 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 Hauppauge?
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 a Hauppauge fix and flip loan?
The lowest credit floor among the Hauppauge 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 a Hauppauge flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Hauppauge 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 get a DSCR loan in Hauppauge, NY?
Yes. A DSCR loan qualifies a Hauppauge rental on its rent against the payment, property taxes, insurance and any dues, with no personal income documents. Long Island taxes are high, so run the ratio with the actual tax bill. The rental has to be a legal unit with a certificate of occupancy that matches how it is used.
Can I get a fix and flip loan on a Hauppauge high ranch?
Yes, as an investment property you will not live in. In New York a first flip can be priced at 10% down with 660+ credit (from 9.99%). Put the cesspool, any open permits and the lower-level work in the scope from day one so the draws cover them.
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 Hauppauge: New York City and Yonkers. More New York city guides: Albany, Buffalo, Rochester and Syracuse. Or see everything we fund in New York.

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