Buyer looks into the property and the Seller/Finance looks into the credit worthiness of the borrower.  

What are the key challenges in growing a mortgage finance operation beyond finding credit worthy borrowers, complying with state and federal regulations and evaluating the quality of collateral to lend against?  

However, your Credit Worthiness goes down by $800,000 because you have to borrow that money. 

Focus on building your credit worthiness while studying what it takes to become a successful real estate investor.

I just pulled up one of mine and it specifies: "Even if you sell your home by letting an approved purchaser (that is, a creditworthy owner-occupant) assume your mortgage, you are still liable for the mortgage debt unless you obtain a release from Iiability from your mortgage lender."

By the time you factor in taxes, insurance, vacancy, reparis there is very little left, and you are hurting your debt ratio and ability to do deals that make money unless you are a doctor, executive or make a boat load of money monthly and do not have to worry about DTI (Debt to Income Ration) which lenders use to determine credit worthiness.  

Once you find out if the loan is assumable, then comes the creditworthiness assumption process. 

Their concern is likely not having your property in an LLC, but having a credit-worthy obligor.  

The other half, those who are under employed, do not necessarily represent a large swath of on-going credit worthy borrowers either.  

So this means credit worthiness is a crucial component on the secondary market which helps ensure originators qualify their borrowers.Also below 620 is subprime.