Debt-to-income ratio Design Hard money loan Lending 
Rent, Buy & Sell
FEBRUARY 7, 2021
As such, if your credit score is below 500 you should probably work on rebuilding your credit score first, because even with alternative lending options this score may be too low to finance a home. Though it’s called an FHA loan, the FHA (Federal Housing Association) doesn’t actually fund the loan. Private or Hard Money Loan.
Marco Santarelli
MAY 3, 2023
Disadvantages: Strict eligibility criteria, such as good credit, steady income, and a minimum down payment of 20% The loan amount is based on the property's appraised value, which may limit the amount of financing available to investors. These loans are often used for short-term financing or for borrowers with poor credit scores.
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