All Forum Posts by: Heather Halman

Hoping to find some suggestions for lenders who will do a cash-out refi dscr loan for a lower credit score at 75% ltv. Purchased hard money as a fix and flip, recent deal fell through due to buyer's not being able to sell their home and considering dscr may be better for us as the rental value is there. 

Hi! Did you find anyone to help that you could share?

 Please do!

I'm looking for recommendations for hard money lenders that operate in Ohio and will work with a credit score below 600. 25%+ downpayment will not be a problem, but I don't think I could make ~50% make sense. Fwiw, credit was destroyed by maxing out credit cards during latest flip. 100% payment history, just didn't consider that high utilization and the hard pulls to get the cards would drop my score by 200 points. The cards will all be paid off and accounts left open once my sale closes tomorrow, but I know it will take some time to get my score back up to acceptable.