Scranton's housing was built for a coal and rail city a century ago: tall frame homes, side-by-side double-blocks and brick rows on hilly streets. Entry prices are modest, and that makes financing structure, rehab scope and transfer tax matter more than they would in a pricier market.
In short: Our top pick for fix and flip financing in Scranton is LendingStreet. We fund up to 90% of cost (LTC) and up to 100% of the rehab on some programs, close in as little as 10 days and offer a 30-year DSCR refinance if you keep the property. Loans start at $150,000 and reach $5M+, so we fit larger single-family projects, double-blocks, small multi-unit buildings and investors running several homes at once across Lackawanna and Luzerne counties.
Flippers choose LendingStreet because the loan is designed around the way a flip actually works. We lend $150,000 to $5M+ on residential investor property from single-family homes to 8 units, finance up to 90% of cost (LTC) and up to 100% of rehab on some programs, and can close in as little as 10 days on short-term, interest-only terms.
LendingStreet suits Scranton investors who renovate older single-family homes and double-blocks, buy small 3 to 8 unit buildings to reposition, or want to flip some properties and keep others as rentals.
When the work is done, you can sell, or keep the property and refinance into a 30-year DSCR rental loan with the same team, qualifying on the property's rent. That second option is something most short-term-only lenders cannot offer. Get a quote with the form below, or call (877) 298-1001 to talk through the deal.
Investors searching for fix and flip lenders often compare national names like Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Scranton, PA. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
In the city, investors buy in the Hill Section and Green Ridge, where larger early 1900s homes attract buyers who want space near downtown and the University of Scranton, and in West Side, South Side, North Scranton and Minooka, where more modest frame homes and double-blocks dominate. Nearby Dunmore, Dickson City, Throop, Old Forge and Taylor offer similar stock, while Clarks Summit and the Abington area draw buyers looking for newer homes and school districts.
Double-block homes, two attached units under one roof, are a local signature. Some investors renovate and sell both sides together; others hold them as rentals.
Much of Scranton's housing predates 1940. Common rehab items include knob-and-tube or undersized wiring, old boilers and oil systems, stone or block foundations with water issues, slate or aging roofs, and lead paint in nearly every home built before 1978.
Northeastern Pennsylvania sits over historic coal workings, and ground movement from old mines is a real risk in parts of the region. Standard homeowners policies typically exclude it, but Pennsylvania offers mine subsidence insurance through a state program. Check whether the property is in a mined area and price coverage. Permits and inspections run through the City of Scranton or the local borough, and some municipalities have rental registration or resale inspection rules, so ask before you buy.
Most Scranton flippers compare a lender like LendingStreet with a local bank or credit union and with a local hard money lender. The table below sets out the differences in general terms.
Northeastern Pennsylvania has community banks and credit unions that lend to local investors, and they can work well for borrowers who have time and full tax documentation. Local hard money and private lenders can close quickly, though fees and terms vary and they usually stop at the short-term loan. LendingStreet offers speed, leverage and a long-term DSCR exit together.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Leverage on purchase and rehab | Up to 90% LTC and up to 100% of rehab on some programs | Often lower; varies by bank | Varies widely by lender |
| Closing speed | As little as 10 days | Often several weeks or longer | Often fast; varies |
| Loan size | $150,000 to $5M+ | Varies; investor lending limits are common | Varies by lender |
| Borrowing in an LLC | Standard on our investor loans | Varies; may require more paperwork | Usually allowed |
| Long-term option after the rehab | Refinance into a 30-year DSCR loan qualified on rent | Possible, but often requires tax returns and full income documentation | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local or regional footprint | Often local or regional |
This example is illustrative and not a quote. An investor buys a dated early 1900s single-family home in Green Ridge for $110,000 and plans a $75,000 rehab covering wiring, a new heating system, a kitchen, a bath, windows and paint.
The loan covers 80% of the purchase price ($88,000) plus 100% of the rehab ($75,000), for a total of $163,000. Against a total project cost of $185,000, that is about 88.1% loan-to-cost, inside the 90% limit on some programs. The investor brings $22,000 toward the purchase, about $4,400 in buyer closing costs and about $10,000 in holding costs over 6 months (interest, taxes, insurance, utilities), roughly $36,400 in all.
If the home sells for $245,000 and selling costs run about $19,600, the estimated profit before income taxes is about $26,000, roughly 71% on the cash invested. Pennsylvania transfer tax is a bigger line here than in many states, which is why buyer and selling costs in this example are budgeted higher.
| Line item | Amount |
|---|---|
| Purchase price | $110,000 |
| Rehab budget | $75,000 |
| Total project cost | $185,000 |
| Loan (80% of purchase + 100% of rehab) | $163,000 |
| Loan-to-cost | About 88.1% |
| Buyer closing costs (estimate) | $4,400 |
| Holding costs, 6 months (estimate) | $10,000 |
| Investor cash in the deal | $36,400 |
| Resale price (after repair value) | $245,000 |
| Selling costs (estimate) | $19,600 |
| Estimated profit before income taxes | $26,000 |
Pennsylvania charges a realty transfer tax of 1% to the state, plus a local share set by the municipality and school district. Across Lackawanna County, local shares vary, and some are higher than the common 1%, so check the county's current table for your address. Buyer and seller often split the total by custom, but it is negotiable. On a flip, you may pay your share twice: once when you buy and again when you sell.
Add title insurance, recording, lender closing costs and agent commissions. Property taxes in Lackawanna County combine county, municipal and school district levies and can be meaningful relative to home values, so include the full bill for your holding period. Confirm current figures with your title company.
Well-renovated homes in good school districts and walkable neighborhoods tend to draw steady buyer interest, while homes on steep or busy streets may take longer. Price to the neighborhood and keep a buffer in your timeline.
Scranton also has solid rental demand, and many local investors hold double-blocks and small buildings for cash flow. If you keep the property, our DSCR loans qualify on its rent with a 1.0x standard minimum DSCR, and buildings of 5 to 8 units are treated as residential DSCR, with max LTV that varies by program.
Use this short checklist with any lender you are considering, including us.
LendingStreet's side of the checklist: up to 90% LTC and up to 100% rehab on some programs, 1.0x standard minimum DSCR for the long-term refinance with sub-1.0 programs where they fit, seasoning that varies by program, LLC borrowers welcome, a close in as little as 10 days and loan sizes from $150,000 to $5M+.
Share the address, purchase price, rehab scope and resale estimate, and tell us whether you plan to sell or hold. We will size the loan on cost and lay out the options. Get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet, which offers up to 90% LTC, up to 100% of rehab on some programs, closings in as little as 10 days and a DSCR refinance path. Get a quote with the form below or call (877) 298-1001.
Yes. LendingStreet lends on investor property in Scranton and across Lackawanna and Luzerne counties, and in all 50 states and DC.
Our fix and flip loans start at $150,000. Many Scranton projects reach that once the rehab budget is included, and investors can also finance larger homes, double-blocks or small multi-unit buildings.
It depends on the property and your insurer, but in mined areas of northeastern Pennsylvania it is worth checking. Pennsylvania offers coverage through a state program.
Yes. Residential investor property from 1 to 8 units qualifies, including side-by-side double-blocks.
Yes. You can move into a 30-year DSCR loan that qualifies on rent, with LLC borrowers standard. Seasoning varies by program.
Yes. Rehab funds are usually released in draws after work is inspected.
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