how do i get a loan for buying f/c homes and fixing them up to sell?..my credit score is low…are there any place i could go to apply for these types of loans?
rhee
Hello, A HML is based on your project and not your credit. But, you always want to go traditional first and use HML as a last resort. Yes, the rates are higher (11-18%). Yes, you would need either cash available, equity in a property, or collateral to back up the loan. Where does your credit stand? Do you have one of the items listed above available?