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

Hard Money Lenders inWheeling, West Virginia

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Wheeling deal right now

Prefilled with a realistic Wheeling 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 Wheeling

Wheeling is the Northern Panhandle’s old industrial city on the Ohio River, with some of the best Victorian architecture in the state, a downtown that has been coming back, and a hospital system, natural gas industry and Oglebay Park keeping it going. Prices are low and the houses are big for the money. The flip stock is late 1800s and early 1900s brick and frame homes in North Wheeling, Woodsdale, Edgwood and Elm Grove, and smaller worker houses in Warwood and East Wheeling.

The Wheeling deal is decided by buying the right block. Neighborhoods here can turn from restored Victorians to vacant houses in a few streets, and a finished flip on a weak block will not appraise no matter how nice the inside is. Woodsdale, Edgwood and Elm Grove hold value best. Prices have been rising this year and houses have been selling quickly, which helps, but the ceiling is still low, so the scope has to match what Wheeling buyers can borrow.

What a Wheeling deal looks like on paper

Wheeling example: $95,000 purchase, $45,000 rehab, $190,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Picture a 1910s brick house in Woodsdale, 26003: a new roof, rewiring, a high efficiency furnace, a kitchen and a bath, with the woodwork and front porch restored. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$125,750
Cash to close$25,391
Proof of funds to show$44,858
Where the $25,391 goes
  • Down payment (15% of the purchase)You$14,250
  • 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$2,957
  • Prepaid interest (15 days)Lender$315
  • Property insuranceInsurer$1,330
  • AppraisalAppraiser$550

Interest while you rehab: $639 a month on the $80,750 funded at closing, $994 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $5,967 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 Wheeling

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 Wheeling prices sit right now

Before we price a Wheeling 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 Wheeling median sale price at $170,000 for the three months ending September 2026, up 10.9% from a year earlier, with homes selling after 26 days on the market on average.

Median sale price, Wheeling (Redfin, 3 months to Sep 2026)$170,000
Change from a year earlier (Redfin)+10.9%
Average days on market, Wheeling (Redfin)26

Sources: Redfin, Wheeling housing market

How a Wheeling file actually gets priced

We comp Wheeling by neighborhood and by house type, and we keep Wheeling Island separate, because its flood exposure sets it apart. Big old houses can carry more square footage than the market pays for, so we look at price per house, not just price per foot. Appraisers here lean on a modest number of sales and may go back several months. The condition of the roof, the masonry and the heating system moves the value more than finishes do.

Wheeling Island and low streets along Wheeling Creek flood, and the island has no floodwall, so check flood zones and price insurance before you buy. Steep hillside lots bring slips and retaining wall failures, and older coal mining across the region makes mine subsidence coverage worth asking about. Many houses still have slate roofs, box gutters, knob and tube wiring and lead paint. West Virginia requires licensed contractors once a job passes a modest size, and the city runs code enforcement on vacant structures.

Who buys your finished Wheeling deal

The finished Wheeling house sells to hospital staff, natural gas and pipeline workers, local families and a few buyers coming from the Pittsburgh area for the prices. Many use FHA, VA or USDA loans, so finish to their condition rules. Restored Victorians in the better neighborhoods attract buyers who value character. Rents are steady at these purchase prices, which makes a DSCR refinance a practical fallback.

What happens after you apply

Apply once and the whole Wheeling 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 Wheeling

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 Wheeling

We broker deals across the whole Wheeling market. The submarkets investors ask us about most are Woodsdale and Edgwood (26003), Elm Grove (26003), Warwood (26003), North Wheeling and Centre Market (26003), Wheeling Island (26003) and Fulton and East Wheeling (26003).

How long does a Wheeling 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.

Wheeling hard money FAQ

Do you lend hard money in Wheeling?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Wheeling 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 Wheeling?
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 Wheeling hard money loan close?
Most Wheeling 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 Wheeling flip?
The worked example on this page is a $95,000 Wheeling purchase with a $45,000 rehab and a $190,000 after repair value at 700 credit, first flip: $14,250 down (15% of the purchase) and $25,391 total cash to close, with $44,858 of proof of funds to show the lender. The lowest down payment for a first flip in Wheeling 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 Wheeling?
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 Wheeling fix and flip loan?
The lowest credit floor among the Wheeling 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 Wheeling flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Wheeling 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 Wheeling Island a good place to flip?
It is risky. The island sits in the Ohio River with no floodwall, and flood insurance can take a big bite out of a buyer’s budget. Some investors do well there, but the margin has to cover the insurance cost and a smaller buyer pool. For a first project in Wheeling, the hillside neighborhoods like Woodsdale and Elm Grove are safer.
Can a first-time flipper get a loan in Wheeling?
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 is a first flip. Keep the loan above the program minimums shown in the table, and pick a house on a block with recent strong sales.
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 Wheeling: Morgantown and Pittsburgh. More West Virginia city guides: Charleston, Huntington and Parkersburg. Or see everything we fund in West Virginia.

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