When it comes to investing in real estate, getting the money you need fast can make all the difference. That’s where hard money loans come in. Unlike regular bank loans, which look at how much money you make and your credit score, hard money loans focus on the property you’re buying. At Lending Bee Inc., we’re here to clear up some confusion about credit scores and hard money loans.

What’s a Hard Money Loan Anyway?

Let’s break it down. A hard money loan is a type of loan that’s used a lot in real estate. Instead of worrying about your credit score or how much money you make, these loans focus on the property you want to buy. It’s all about what the property is worth and not so much about your personal finances.

So, Do They Check My Credit Score or Not?

Yes, we do check credit scores, but it’s not the only thing we care about. While a high credit score can help you get better terms for your loan, a lower score isn’t a deal-breaker. We understand that everyone’s financial situation is different.

Looking Beyond the Credit Score

At Lending Bee Inc., we know there’s more to you than your credit score. Here are a few things we think are just as important:

  • The Property: This is key. The value and potential of the property you’re investing in are super important to us.
  • Your Experience: If you’ve got a track record of good investments, that counts for a lot.
  • Your Plan: Having a clear plan for your property shows us you mean business.
  • Your Investment: How much you’re putting into the deal also matters. More skin in the game is always a good sign.

Why Lending Bee Inc. Stands Out

We’re not your typical lender. Here’s why:

  • Flexible: We get that everyone’s situation is unique. That’s why we offer loans that fit your needs.
  • Fast: In real estate, timing is everything. We work quickly to make sure you get your loan when you need it. We manage own funds, so make the decision in-house.
  • Straightforward: We believe in being clear and upfront about everything. No surprises.

Getting Ready for a Hard Money Loan

Thinking about getting a hard money loan? Here’s how to get started:

  1. Know Your Score: It’s good to know where you stand, but don’t stress too much about your credit score.
  2. Get Organized: Having all your financial info ready can speed things up.
  3. Know the Property: The more you know about the property you want to buy, the better.
  4. Shop Around: Not all lenders are the same. Find one that gets you, like Lending Bee Inc.

Your credit score is just one piece of the puzzle. What really matters is the property and your plans for it. At Lending Bee Inc., we’re all about helping you make your real estate dreams come true, no matter your credit score. Ready to take the next step in your real estate journey? We’re here to help, credit score and all.