What is a hard money loan?

[Ethan Gidcumb]

What is a hard money loan?

A hard money loan is a type of loan used by people who want to buy houses but can't get regular loans. This might be because their credit score is too low or the house needs fixing.

Although each lender can make their own rules about how to qualify a borrower and their investment, like needing a certain credit score; I believe that flexibility is the best thing about hard money loans since it provides each individual with vast amount of options.