Hard Money Lenders in Waterbury, CT | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inWaterbury, Connecticut

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Waterbury deal right now

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

Waterbury was the Brass City, once the center of American brass making, and its hills are covered with the housing that industry built. Triple deckers and two families fill the North End, Brooklyn and Washington Hill, Hillside and Overlook have big Victorians and early 1900s colonials, and Town Plot, Bunker Hill, the East End and Bucks Hill are mostly capes, colonials and ranches from the 1920s through the 1960s. It is one of the least expensive cities in Connecticut, about halfway between Hartford and the New York suburbs on I-84.

Waterbury is a low purchase price, cash flow market, which brings in investors from Fairfield County and New York. That makes it competitive at the bottom and practical at the top: buyers want a solid, clean house, not a luxury finish. The hills and the age of the stock drive the budget, with steep driveways, retaining walls, old steam heat, oil tanks and lead paint common. The singles in Town Plot, Bunker Hill and the East End are the core flip inventory.

What a Waterbury deal looks like on paper

Waterbury example: $170,000 purchase, $60,000 rehab, $315,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Picture a 1920s Town Plot colonial with a steam boiler, cast iron drains, original windows and a kitchen and bath that need everything. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$204,500
Cash to close$38,179
Proof of funds to show$64,083
Where the $38,179 goes
  • Down payment (15% of the purchase)You$25,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,045
  • Title and closing (estimate at Texas rates)Title$3,346
  • Prepaid interest (15 days)Lender$564
  • Property insuranceInsurer$2,185
  • AppraisalAppraiser$550

Interest while you rehab: $1,143 a month on the $144,500 funded at closing, $1,617 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $9,704 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 Waterbury

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 Waterbury prices sit right now

Before we price a Waterbury 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 Waterbury median sale price at $305,000 over the three months through September 2026, up 7.0% from a year earlier, with the median price per square foot up 17.4%. Homes sold in about 43 days with around five offers each, and there were 232 sales in September.

Median sale price, Waterbury (Redfin, 3 months to Sep 2026)$305,000
Days on market, Waterbury (Redfin)43
Average offers per home (Redfin)5
Homes sold in September 2026 (Redfin)232
Share of properties at severe 30-year flood risk (First Street via Redfin)4%

Sources: Redfin, Waterbury CT housing market

How a Waterbury file actually gets priced

Values change sharply by neighborhood and by street, so comps from across the city mislead. We value singles from renovated sales in the same section and keep multifamily on its own comps with rent support. Appraisals here can come in tight against an optimistic ARV, so we size the loan on what renovated houses on similar streets have actually closed at, not on list prices.

The Naugatuck River and Mad River run through the city and flooded catastrophically in 1955. Today Redfin’s First Street data puts about 4% of Waterbury properties at severe 30 year flood risk, so most of the city sits well above the water, but check the map near the rivers. Steep lots bring drainage and retaining wall issues. Most of the housing predates 1978, so plan lead safe work. Connecticut closings use attorneys, and the conveyance tax is on the seller, which you pay on the exit.

Who buys your finished Waterbury deal

The finished Waterbury house sells to first time buyers, often on FHA or Connecticut housing finance programs, so it has to pass an FHA appraisal and condition review. Renovated two and three families sell to owner occupants who use the rent and to investors buying yield. With low prices and real rents, a DSCR refinance on a multifamily is a common way to hold, and we run that alongside the sale.

What happens after you apply

Apply once and the whole Waterbury 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 Waterbury

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 Connecticut →

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 Connecticut →

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 Connecticut →

Where we lend in Waterbury

We broker deals across the whole Waterbury market. The submarkets investors ask us about most are Town Plot (06708), Bunker Hill (06708), Overlook and Hillside (06710), East End and East Mountain (06705), Bucks Hill and the North End (06704) and Brooklyn and Washington Hill (06710 / 06706).

How long does a Waterbury 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 Connecticut, 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.

Waterbury hard money FAQ

Do you lend hard money in Waterbury?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Waterbury 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 Connecticut, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Waterbury?
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 Waterbury hard money loan close?
Most Waterbury 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 Waterbury flip?
The worked example on this page is a $170,000 Waterbury purchase with a $60,000 rehab and a $315,000 after repair value at 700 credit, first flip: $25,500 down (15% of the purchase) and $38,179 total cash to close, with $64,083 of proof of funds to show the lender. The lowest down payment for a first flip in Waterbury 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 Waterbury?
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 Waterbury fix and flip loan?
The lowest credit floor among the Waterbury 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 Waterbury flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Waterbury 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 Waterbury a good market for a first flip?
The price points make it approachable. In Connecticut 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 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. The risk for a first timer here is scope on an older house, so walk it with a contractor first.
Should I flip or hold a Waterbury multifamily?
Price both. Waterbury purchase prices are low relative to rents, so a renovated two or three family can carry a DSCR loan, and selling it means finding an owner occupant buyer who qualifies. We run the flip and the DSCR refinance side by side before you close.
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 Waterbury: Hartford, New Haven and Bridgeport. More Connecticut city guides: Stamford. Or see everything we fund in Connecticut.

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