Hard Money vs. Conforming


Conforming:

  • Tax Returns, personal financials, etc…
  • Typically property must be stabilized
  • Full MAI prior to closings
  • Credit typically must be high 600s and greater
  • Typically 6+ weeks closing

Hard Money:

  • Typically no tax returns, personal financials, etc…
  • Most lenders can handle properties that are not stabilized
  • Many lenders can close without appraisals
  • Most credit scores accepted
  • Closings in as little as a week (typically 2-3 weeks)
  • Creative deal structures to fit unique situations

 


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