Hard Money Lenders in Morgantown, WV | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inMorgantown, West Virginia

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Morgantown deal right now

Prefilled with a realistic Morgantown deal. Change any number and it reprices on the programs that lend in West Virginia, 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 Morgantown

Morgantown is West Virginia University’s town, with the university hospital system as the other major employer, and the two keep demand steady through the cycles that hit the rest of the state. The city is built on steep hills along the Monongahela River, so streets, lots and parking are tight. The flip stock is early 1900s frame houses near campus in Woodburn, Wiles Hill and South Park, postwar brick homes in Suncrest, and newer houses toward Cheat Lake.

The Morgantown deal is decided by whether you are finishing for an owner or a student landlord. The neighborhoods closest to campus have been student rentals for generations, and the price there is set by what a house rents for by the bedroom. A block or two further out, families and university staff are buying, and they want a quiet street, a driveway and a yard. Decide which buyer you are serving before you set the scope, because the two houses look very different when they are done.

What a Morgantown deal looks like on paper

Morgantown example: $190,000 purchase, $50,000 rehab, $325,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s brick Cape Cod in Suncrest, 26505: a new roof and gutters, updated electrical, a kitchen, a second bath upstairs and drainage work along the hillside. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$211,500
Cash to close$41,445
Proof of funds to show$64,981
Where the $41,445 goes
  • Down payment (15% of the purchase)You$28,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,115
  • Title and closing (estimate at Texas rates)Title$3,381
  • Prepaid interest (15 days)Lender$630
  • Property insuranceInsurer$2,280
  • AppraisalAppraiser$550

Interest while you rehab: $1,277 a month on the $161,500 funded at closing, $1,673 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $10,036 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 Morgantown

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
  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 Morgantown prices sit right now

Before we price a Morgantown 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 Morgantown median sale price at $275,000 for the three months ending September 2026, up 1.1% from a year earlier, with homes selling after 55 days on the market on average.

Median sale price, Morgantown (Redfin, 3 months to Sep 2026)$275,000
Change from a year earlier (Redfin)+1.1%
Average days on market, Morgantown (Redfin)55

Sources: Redfin, Morgantown housing market

How a Morgantown file actually gets priced

Morgantown appraisals split by neighborhood and by use. A Suncrest family home is compared with other owner-occupied houses nearby, and a Wiles Hill rental is valued against rentals, often by the income it produces. We use recent closings in the same area and of the same type, and we look hard at parking and lot slope, because a house with no off-street parking on a steep street sells for less. Recent sales have been steady enough to stay inside a few months.

Hills bring slips, failing retaining walls and wet basements, so look at the lot as hard as the house. Much of north central West Virginia was mined underground, and the state offers mine subsidence coverage through homeowners policies, which a careful buyer will ask about. Rental houses in the city go through registration and inspection. Older housing near campus brings knob and tube wiring and patched-together additions, and West Virginia requires licensed contractors once a job passes a modest size.

Who buys your finished Morgantown deal

The finished Morgantown house sells to WVU faculty and staff, hospital employees, and local families, many on conventional, FHA or VA loans. They want move-in ready with parking and a second bath. Near campus the buyer is usually an investor, and the rent roll sets the price. Rental demand from students and medical staff keeps a DSCR refinance on the table for houses in the right spots.

What happens after you apply

Apply once and the whole Morgantown 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 Morgantown

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 West Virginia →

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 West Virginia →

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 West Virginia →

Where we lend in Morgantown

We broker deals across the whole Morgantown market. The submarkets investors ask us about most are Suncrest (26505), Woodburn and Wiles Hill (26505), South Park (26501), Evansdale (26505), Sabraton (26505), Westover (26501) and Cheat Lake (26508).

How long does a Morgantown 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 West Virginia, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund. We stay on title and the lender through funding.

Morgantown hard money FAQ

Do you lend hard money in Morgantown?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Morgantown 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 West Virginia, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Morgantown?
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). 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 Morgantown hard money loan close?
Most Morgantown fix and flip files fund in 5-14 days once the file is complete. 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 Morgantown flip?
The worked example on this page is a $190,000 Morgantown purchase with a $50,000 rehab and a $325,000 after repair value at 700 credit, first flip: $28,500 down (15% of the purchase) and $41,445 total cash to close, with $64,981 of proof of funds to show the lender. The lowest down payment for a first flip in Morgantown 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 Morgantown?
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 Morgantown fix and flip loan?
The lowest credit floor among the Morgantown 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, 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 Morgantown flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Morgantown 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.
Should I flip or rent a house near WVU?
Run both. Near campus, a house rented by the bedroom can produce strong income, and a buyer may be another landlord who prices it on that rent. A few blocks out, an owner occupant will often pay more for a finished family house. We price the flip and a DSCR hold on the same numbers so you can choose.
Can I get a first-flip loan in Morgantown?
Yes. In West Virginia a first flip can be priced at 15% down with 700+ credit (from 8.99%) or 10% down with 660+ credit (from 9.99%). The worked example on this page is a first flip with strong credit. Change your credit and experience in the calculator to see what applies to you.
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 Morgantown: Wheeling, Charleston and Pittsburgh. More West Virginia city guides: Huntington and Parkersburg. Or see everything we fund in West Virginia.

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