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Researched by the Hard Money Lenders by State team. Updated October 22, 2026. Based on each lender's published information; we did not apply for loans.
National lender rates, lowest first
Advertised starting rates for fix-and-flip loans, read from each lender's website on October 22, 2026. Where a lender gives a range, the bar shows the low end. Lenders that publish no rate are in the table below.
| Lender | Advertised rate | Points and fees |
|---|---|---|
| Lima One Capital | As low as 7.75% | Origination can be deferred to when you exit (amount not stated) |
| Kiavi | As low as 8.25% | Not stated (no application fee) |
| Easy Street Capital | Starting at 8.90% | 0 to 2 points plus a $1,995 document fee |
| Groundfloor | Starting at 9% | Points and fees can be financed into the loan (amounts not stated) |
| New Silver | 9% to 11% | 1% to 1.75% origination |
| RCN Capital | As low as 9.49% (its tier table starts at 9.24% for experienced borrowers with 720+ FICO) | Not stated |
| Sherman Bridge | As low as 9.99% | Not stated |
| Express Capital Financing | 10% to 12% | Not stated |
| LendingOne | Not published | 1 point or $2,000 (whichever is greater) plus $1,395 processing and legal |
| CoreVest | Not published | Not stated |
| Upright | Not published | Not stated |
| Ternus | Not published (priced by experience, credit and leverage) | Not stated |
| Griffin Funding | Not published | Not stated |
Local and regional lender rates
Smaller lenders often publish a range or a flat price. These are the ones on our state pages that publish pricing:
| Lender | Based in | Published rates and points |
|---|---|---|
| Ridge Street Capital | Florida | Fix and flip 10.5% to 11.75%; DSCR 6.0% to 7.99%; construction 10.99% to 12.25%; origination from 1.5% |
| Capital Funding Financial | Florida | 9.00% to 11.99% (fix and flip) |
| Source Capital Funding (Hard Money First) | California | 1st position 8.99% to 11.99%; 2nd position 11.99% to 13.99% |
| North Coast Financial | California | Fixed rates from 9.95%; points from 1.5 |
| The Norris Group | California | From 9.9% in California (its homepage also says from 7.9% for qualified borrowers) |
| California Hard Money Direct | California | SFR as low as 8.99% (9.50% APR) |
| Corridor Funding | Texas | 30-year fixed rental from 6.5% with 0% origination; no fix-and-flip rate published |
| Georgia Private Loans | Georgia | 16% a year, interest only |
| Capella Mortgage | Nevada | 9% to 14%, most loans priced 12% to 14%; typically 3 to 4 points |
| Northwest Private Lending | Oregon | 1% per month; 3 points / $2,500 minimum origination |
| Hard Money Partner | Oklahoma | 11.99% - 14.99%; 2-6 points |
| Cashability | Minnesota | Fix and flip 10% APR (6-month term) or 12% APR (9-month term) with 2.5-4 points at closing; bridge 12% APR, 3 points; commercial fix and flip 12% APR, 4 points |
| Private Money Hawaii | Hawaii | Rates typically start around 9% (as of 2025); 1-3 points |
| KECO Capital | Hawaii | Rates starting at 7.99% |
| The Hard Money Co. | Wisconsin | 15% annually, interest-only (points not stated) |
| REIA Hard Money | Wisconsin | As low as 12% and 3 points |
What moves your rate
Experience and credit
RCN Capital starts new investors at 10.74%, intermediate investors at 10.24% and experienced investors (10+ flips, 720+ credit) at 9.24%. Ternus prices by experience, credit and leverage, and Upright by experience, credit, property and market.
Lien position and term
Source Capital Funding quotes 8.99% to 11.99% on first-position loans and 11.99% to 13.99% on second position. Cashability in Minnesota quotes 10% APR for a 6-month fix-and-flip term and 12% APR for 9 months.
Points and fees explained
A point is 1% of the loan amount. On a $250,000 loan, 2 points is $5,000. Published structures range from no points (Easy Street's low end) to 6 points (Hard Money Partner's high end), and some lenders add flat fees: Easy Street's $1,995 document fee, LendingOne's $1,395 for processing and legal. Some let you defer or finance the fee: Lima One defers origination to exit, and Groundfloor finances points and fees into the loan.
Rate vs APR
The note rate is what interest is charged at; the APR also folds in certain fees, so it is higher. California Hard Money Direct, for example, advertises single-family loans as low as 8.99% with a 9.50% APR. When one lender quotes a rate and another an APR, compare like with like.
Total cost on a $250,000 loan
Six months of interest plus published points and fees, using each lender's own figures:
| Lender | Published pricing | 6 months of interest | Points and fees | Total |
|---|---|---|---|---|
| Easy Street Capital | 8.90%, 0 to 2 points + $1,995 | $11,125 | $1,995 to $6,995 | $13,120 to $18,120 |
| New Silver | 9% to 11%, 1% to 1.75% origination | $11,250 to $13,750 | $2,500 to $4,375 | $13,750 to $18,125 |
| Northwest Private Lending (OR) | 1% per month, 3 points | $15,000 | $7,500 | $22,500 |
| Hard Money Partner (OK) | 11.99% to 14.99%, 2 to 6 points | $14,988 to $18,738 | $5,000 to $15,000 | $19,988 to $33,738 |
The cheapest rate is not always the cheapest loan: on a short hold, points weigh heavily. Run your own timeline, because each extra month adds a full month of interest.
Prepayment penalties
Most fix-and-flip lenders that address it say there is none: Groundfloor, RCN Capital, Express Capital Financing, LendingOne and Ternus on fix and flip, and Upright and Lima One Bridge Plus on bridge loans. Rental (DSCR) loans are different; many carry step-down penalties such as 5-4-3-2-1. See DSCR loans.
Not financial advice. Every rate and term here is the lender's own published figure on October 22, 2026; confirm current terms with the lender before you apply.
Related guides
Frequently asked questions
What is the interest rate on a hard money loan?
We can only report each lender's own advertised figures, as of October 22, 2026. National lenders we compared advertise starting rates from 7.75% (Lima One Capital) and 8.25% (Kiavi) to 10% to 12% (Express Capital Financing). Local lenders that publish hard money pricing quote from 7.9% (a figure on The Norris Group's homepage; its California rate is from 9.9%) and 7.99% (KECO Capital, Hawaii) to 16% (Georgia Private Loans).
How many points do hard money lenders charge?
Published examples: 0 to 2 points at Easy Street Capital, 1% to 1.75% at New Silver, 1 point or $2,000 at LendingOne, 3 points at Northwest Private Lending and REIA Hard Money, 3 to 4 at Capella Mortgage, and 2 to 6 at Hard Money Partner.
Why are hard money rates higher than mortgage rates?
The loans are short, close fast, are sized on the property rather than your income, and fund renovations on properties that often would not qualify for a conventional mortgage. Lenders price in that speed and risk.
Are hard money rates fixed?
Most short-term hard money loans are interest only at a set rate for the term; North Coast Financial, for example, advertises fixed rates from 9.95%. Ask whether extension periods carry a higher rate or fee.
Do hard money loans have prepayment penalties?
Many do not. Groundfloor, RCN Capital, Express Capital Financing, LendingOne and Ternus say their fix-and-flip loans have none.