Hard money pitches

[Marty Happle]

If someone advertises 650 credit score and 70%ARV on a hard money deal, doesn't that mean only closing costs needed for the applicant if the numbers check out? Would it be considered unethical (after a $250 application fee) to say that your score is 655 so we will only give you 60% and you need $30,000 of your own money? Also how many hard money lenders are concerned with the income of the applicant?