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

Hard Money Lenders inTopeka, Kansas

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Topeka deal right now

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

Topeka is the Kansas capital, and state government, Washburn University, the hospitals and big plants keep the job base steady. Houses are inexpensive for a state capital. The flip inventory is older: Victorians in Potwin, 1920s through 1950s bungalows and story-and-a-halfs around Washburn and Collins Park, and post-war ranches in Highland Park and on the east side. Small purchase prices mean you’ll often need a deeper scope or a bigger house to reach a loan size lenders will fund.

The tension in Topeka is low prices against a real ceiling. Westboro, Collins Park and the streets around Washburn hold value and attract state and university employees, while Oakland, North Topeka and parts of Highland Park are where the cheapest buys sit. A good Topeka flip is often an undervalued house on a strong west-side street, not the cheapest listing in town. Homes priced right go under contract fast, so carry costs stay small when the list price is realistic.

What a Topeka deal looks like on paper

Topeka example: $120,000 purchase, $55,000 rehab, $250,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1940s story-and-a-half near Collins Park: roof, siding repair, electrical, a new furnace, kitchen, bath and basement wall bracing. It’s a bigger rehab than most Topeka flips so the loan clears the program floor. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$157,500
Cash to close$31,385
Proof of funds to show$54,102
Where the $31,385 goes
  • Down payment (10% of purchase plus rehab)You$17,500
  • Origination (2.13%)Lender$3,347
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,114
  • Prepaid interest (15 days)Lender$421
  • Property insuranceInsurer$1,663
  • AppraisalAppraiser$550

Interest while you rehab: $853 a month on the $102,500 funded at closing, $1,311 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $7,867 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 Topeka

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Experienced Investor Rate115% of purchase680+2+ completed flips9.00%0.75%75% of ARV12-24 months7-14 days
First Flip, 10% Down210% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips37.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips45% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips50% (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 and origination are the program floor; two completed projects in the last 36 months preferred.
  2. 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.
  3. 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.
  4. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  5. 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 Topeka prices sit right now

Before we price a Topeka 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 Topeka median sale price at $189K for the three months ending September 2026, up 8.0% from a year earlier, with homes selling after about 13 days on the market.

Median sale price, Topeka (Redfin, 3 months to Sep 2026)$189K
Year over year change in median (Redfin)+8.0%
Days on market, Topeka (Redfin)13

Sources: Redfin, Topeka housing market

How a Topeka file actually gets priced

Because Kansas keeps sale prices off public deeds, Shawnee County values come from MLS data, and the comp pull has to be careful. We match by neighborhood and by vintage: a Potwin Victorian and a 1950s Highland Park ranch never share a comp set. Ninety days of closed sales sets the value, stretching a little further only when the neighborhood is thin. With so little spread between buy and resale, the contractor’s bid gets as much scrutiny as the ARV, especially roofs, furnaces and basement walls.

The Kansas River runs through town and North Topeka sits behind its levee system, while Shunga Creek floods neighborhoods along its route in heavy rain, so check the floodplain on both. Tornadoes and hail are part of life here, and an older roof can change the insurance quote. Basement walls in the older housing bow and leak, so budget for bracing or drainage when the inspection points to it. Permits and inspections run through the City of Topeka’s development services office.

Who buys your finished Topeka deal

The buyer for a finished Topeka house is local: a state worker, a nurse, a Washburn staffer or a first-time buyer moving out of a rental. They’re careful with money, so a finish that matches the neighborhood beats an upscale one. Rents are strong next to purchase prices, which is why many Topeka investors refinance into a DSCR loan and keep the house.

What happens after you apply

Apply once and the whole Topeka 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 Topeka

Fix and flip

10%down on a first flip
Rates
from 9.00% at 680+ 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 Kansas →

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 Kansas →

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 Kansas →

Where we lend in Topeka

We broker deals across the whole Topeka market. The submarkets investors ask us about most are Collins Park and Westboro (66604), Potwin (66606), College Hill near Washburn (66621 / 66604), Central Topeka and Elmhurst (66606 / 66611), Highland Park (66605), Oakland (66616) and North Topeka (66608).

How long does a Topeka 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 Kansas, and the rate, origination, leverage and cash to close come back side by side. As little as 72 hours on the fastest program, 7-30 days on the others. We stay on title and the lender through funding.

Topeka hard money FAQ

Do you lend hard money in Topeka?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Topeka 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 Kansas, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Topeka?
As of October 2026: Experienced Investor Rate (15% down, from 9.00%, 2+ completed flips); 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 Topeka hard money loan close?
As little as 72 hours on the fastest-close program, which has no credit minimum. In Kansas, 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 a Topeka flip?
The worked example on this page is a $120,000 Topeka purchase with a $55,000 rehab and a $250,000 after repair value at 700 credit, first flip: $17,500 down (10% of purchase plus rehab) and $31,385 total cash to close, with $54,102 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 Topeka?
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 Topeka fix and flip loan?
One Topeka program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 9.00%, needs 680+ 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 Topeka flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Topeka 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.
Are Topeka houses too cheap for a hard money loan?
Sometimes. Most programs have a minimum loan, so a very cheap house with a light rehab can fall under it. The fix is to pick a larger house or a full-gut scope, like the worked example on this page, or to pair the flip with a DSCR refinance if you plan to keep it. Run the numbers in the calculator and it’ll show you where the loan lands.
What programs fit a first flip in Topeka?
In Kansas a first flip can be priced at 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: 15% down from 9.00% with 2+ 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. The calculator defaults to a first-time borrower, so you can see the cash to close before you make an offer.
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 Topeka: Wichita, Olathe and Kansas City, KS. More Kansas city guides: Overland Park. Or see everything we fund in Kansas.

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