💰 How to pre-qualify for a hard money loan #shorts

Sean PanJan 10, 20210m 19s1.4K viewsScore 75
Getting Started
beginner
Market Research
Investors
Property Managers
M

Summary

AI-generated

To prequalify for a hard money loan, you need a 620 FICO score, U.S. citizenship, a valid Visa or Green Card, funds for a down payment, closing costs, rehab costs, and six months worth of interest payments. Additionally, the property must be located in an area where the lender operates.

Key insights

  • To pre-qualify for a hard money loan, you need U.S. citizenship, a valid Visa or a Green Card.

Mistakes to avoid

  • Don't assume a hard money lender will lend in every state; confirm their operational area.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial