I suspect you would get a blank stare if you asked about how credit worthy the entity providing the guarantee is Scott.

In a nutshell:Hard money lenders are non-bank organizations that lend based upon the real estate asset itself, rather than on the creditworthiness of the borrower.

But you have to add to it the credit worthiness of the borrower.I once bought a condo for my sister, in her name and mine, because she's unable to get a mortgage, she lived in section 8 housing.

Hard money loans are backed by the value of the property, not by the credit worthiness of the borrower.

A potential borrower's ability to do so is taken into consideration by lenders all the time (in addition to all the various "hard" factors that they take into account - whether the numbers make sense, creditworthiness of the borrower, etc.)

Now living in Springfield, I've not had much luck finding acceptable, creditworthy tenants.

One of my concerns about going to a lender just yet is the fact that they will need to pull my credit to see where I stand creditworthy-wise.  

I'd be asking those questions first before I even started looking into the borrower's income and credit worthiness.

I have good credit and make great income and therefore am very creditworthy.

Ok so the Lender can decide based on the deal and your credit worthiness I’m guessing?