Do hard money lenders run credit checks?

Hard money lenders do run credit checks. Intrust Funding, however, requires no minimum FICO score, and the loan approval itself is not contingent on any credit score minimums. We also accept copies of credit reports issues within the last 12 months.

By |2019-10-22T15:28:42-07:00June 4th, 2019||0 Comments

How do you qualify for a hard money loan?

Although hard money lenders differ on underwriting principles and loan requirements, Intrust Funding requires a credit report, proof of funds, Purchase & Sale Agreement (if property is under contract), a Scope of Work, and in special cases other documents. Once we have these basic qualification documents, we can fund your project within 48 hours of approval!

By |2019-06-04T20:16:54-07:00June 4th, 2019||0 Comments

Are hard money loans a good idea?

Hard money loans are a great option for real estate investors who need to close on a property quickly, fund a renovation project, or both! Basic Facts: Short-terms Depend on the after repair value of a property rather than a borrower's credit score Fund projects from $50,000 to more than $10 million Fund deals within 48 hours of a completed application

By |2019-10-22T15:33:18-07:00June 4th, 2019||0 Comments