Intrust Funding requires a credit report to prequalify borrowers; however, we also accept copies of credit reports issued within the last 12 months.
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.
Hard money lenders typically do not take a borrower's credit history into consideration during the underwriting process. What is most important is the after repair value (ARV) of the investment property itself.