Requirements
Harpoon Capital lending requirements
The published qualifying criteria for Harpoon Capital — the thresholds a deal is screened against before anything else about it matters. Verified Sep 17, 2026.
Minimum credit score
620
Harpoon Capital sets its credit floor at 620. A borrower scoring below that is not eligible for this program, independent of how the property itself cash-flows.
Maximum leverage
85% LTV / 85% LTC
Maximum loan-to-value is 85% of the property's appraised value — the borrower brings at least 15% of value in cash or equity. Maximum loan-to-cost is 85% of total project cost — purchase price plus rehab budget. That is the binding number on a value-add deal where the finished value will exceed the purchase price, since an LTV cap alone would understate what Harpoon Capital will actually lend against the project.
Loan size
$50,000 – $3,500,000
Loan sizes run from $50,000 to $3,500,000. A deal outside that band, in either direction, is outside Harpoon Capital's box regardless of credit score or DSCR.
Origination channel
Broker only
Harpoon Capital originates exclusively through mortgage brokers; a borrower cannot apply to Harpoon Capital directly.
Reading these thresholds together
Harpoon Capital publishes 4 of the 7 criteria categories this directory tracks (credit score, DSCR, leverage, loan size, entity requirement, origination channel, and state coverage). Any category not shown above is not publicly disclosed by Harpoon Capital as of Sep 17, 2026 — treat an absent category as unknown, not as "no requirement."
None of these thresholds are guarantees. A deal that clears every published floor still goes through underwriting on the specific property, borrower history, and documentation and entity structure . These are the gates a deal has to clear before that review even starts.