Design Hard money loan Lending Mortgages 
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. Most lenders set their own requirements, so even with a bad credit score, there are various lenders who will fund your mortgage.
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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