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

Hard Money Lenders inMobile, Alabama

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Mobile deal right now

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

Mobile is a port and shipbuilding city with a lot of old housing stock. The shipyards, the Airbus assembly line at Brookley and the medical center keep jobs steady, and the flip neighborhoods sit in Midtown, along Old Dauphin Way and around the historic districts near downtown, where 1910s to 1950s cottages and bungalows line streets under live oaks.

Insurance decides the Mobile deal. Wind coverage on the Gulf Coast is expensive, and buyers now ask about it before they ask about the kitchen. Alabama’s FORTIFIED roof standard is the lever: a roof built and certified to it earns a wind discount the buyer feels in the monthly payment. We look at whether your scope should include a FORTIFIED roof, because on many Midtown houses the roof was coming off anyway.

What a Mobile deal looks like on paper

Mobile example: $140,000 purchase, $50,000 rehab, $275,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1940s raised cottage in Midtown on brick piers, with old termite damage at the sills, a roof due for replacement and a kitchen from the 1980s. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$169,000
Cash to close$32,979
Proof of funds to show$54,498
Where the $32,979 goes
  • Down payment (15% of the purchase)You$21,000
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,171
  • Prepaid interest (15 days)Lender$464
  • Property insuranceInsurer$1,805
  • AppraisalAppraiser$550

Interest while you rehab: $941 a month on the $119,000 funded at closing, $1,337 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $8,019 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 Mobile

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 Mobile prices sit right now

Before we price a Mobile 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 Mobile median sale price at $225K for the three months ending September 2026, up 1.3% on a year earlier, with homes selling in around 45 days. The median price per square foot is $134.

Median sale price (Redfin)$225K
Change from a year earlierup 1.3%
Days on market (Redfin)45
Median price per square foot$134

Sources: Redfin, Mobile housing market

How a Mobile file actually gets priced

Mobile appraisers know Midtown, Spring Hill and West Mobile trade in different brackets, and they won’t pull a Spring Hill sale for a house on the other side of the interstate. We tie the after repair value to renovated sales on the same side of I-65 and inside the same neighborhood. On older raised houses we want the piers, the sill plates and the wiring inspected before the budget is set.

Mobile is one of the rainiest cities in the country, and low streets near Dog River, Three Mile Creek and the bay flood in a hard storm, so check the flood zone and the street itself. Formosan termites are established here and do real damage to framing. Hurricanes are the other line item: plan for a storm during the rehab and for builder’s risk coverage that includes wind. Oakleigh, Old Dauphin Way and Leinkauf are historic districts where exterior work goes before the Architectural Review Board.

Who buys your finished Mobile deal

The finished Mobile house sells to a shipyard or plant worker, a hospital employee or a young family moving up from a rental. Many use FHA or VA, so the house has to pass a condition check. Midtown character homes draw a buyer willing to pay for the porch and the trees. Rent is steady here, so a DSCR loan is a realistic plan B if the sale runs long.

What happens after you apply

Apply once and the whole Mobile 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 Mobile

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 Alabama →

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 Alabama →

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 Alabama →

Where we lend in Mobile

We broker deals across the whole Mobile market. The submarkets investors ask us about most are Midtown and Old Dauphin Way (36604 / 36606), Oakleigh Garden District (36604), Leinkauf and Ashland Place (36604 / 36606), Crichton (36607), West Mobile (36608 / 36695) and Tillman’s Corner (36619).

How long does a Mobile 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 Alabama, 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.

Mobile hard money FAQ

Do you lend hard money in Mobile?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Mobile 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 Alabama, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Mobile?
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 a Mobile hard money loan close?
As little as 72 hours. Most Mobile 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 a Mobile flip?
The worked example on this page is a $140,000 Mobile purchase with a $50,000 rehab and a $275,000 after repair value at 700 credit, first flip: $21,000 down (15% of the purchase) and $32,979 total cash to close, with $54,498 of proof of funds to show the lender. The lowest down payment for a first flip in Mobile 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 Mobile?
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 Mobile fix and flip loan?
One Mobile 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 a Mobile flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Mobile 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.
Is a FORTIFIED roof worth it on a Mobile flip?
Often. If the roof needs replacing anyway, building it to the FORTIFIED standard and getting it certified can cut the buyer’s wind premium, and buyers on the Gulf Coast notice. It costs more than a standard roof, so price it in the scope and talk to your roofer about the certification steps before the work starts.
Does historic review slow down a Midtown Mobile rehab?
For exterior changes, yes. In Oakleigh, Old Dauphin Way, Leinkauf and other districts, windows, siding, porches and additions need Architectural Review Board approval before the permit. Interior work moves normally. Submit the exterior plans right after closing so the review runs while the inside is under way.
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 Mobile: Montgomery, Birmingham, Jacksonville, Biloxi and Gulfport. More Alabama city guides: Huntsville and Tuscaloosa. Or see everything we fund in Alabama.

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