Private money on primary residence

[Tanai Burke]

is it possible to get a private money loan on a primary residence ? I found someone willing to do this, but it seems too easy. No credit requirements, funding in 4 days to our account to fund the house? Higher interest rate of course, and we need to provide proof of insurance on the loan and pay that fee prior to funding. Is it really THAT simple? 

[Tanai Burke]

it's credit.  We've been renting for so long, and paying so much more than one who would own their property. 

We have 6 children and just need to finally be settled- tired of moving so much and dumping down payment money on another rental. 

So my entire post seems... legal? I just don't want shady business. Thanks for your reply!