Is there such thing as hard money being easy money?

Been asking aroung for hard money and it seems that everyone wants high credit score(640) or better, cash reserves and heloc’s. Does anyone know anything different in the market?

I’ve never used a HML that cared about credit scores or required a HELOC. But, the cash reserves or income is pretty key. They need to see that you can afford the interest only payments while the house is being rehabbed. The good HMLs don’t lend to own.

If this is a wholesale transaction bring them your contract with your end buyer and see if you can work it out that way.

Good luck.


A credit score of 640 is not high. Some HML ease up a bit on certain terms if your score is above 700 or 720. I would consider a score of 750+ high.