Not saying they won't look at your personal credit or income, but mostly on the properties ability to make payments on the loan.  

@Clint Miller question is do you have any down payment ?  

The 4.2% rate was the same as the big bank and the down payment was the same, 25%, but the closing costs were next to nothing.  

I declined the partial payment.

@Justin Turner - you will need to ask the seller if they will take 2nd lien position since you don't have a 50% down payment.  

Class B-/C+ 190k -->~35k down  (includes closing cost)Tenants are there, 625 each unit (allegedly, still need to see leases and payments)... $300 cash flow post 5% vacancy, 10% capex included, PMI deduction, water, tax, and insurance. 

When using a Hard Money Lender I understand that there is a loan origination fee but what I am confused with is this: What are the monthly payments on a HML assuming that it is 15% interest on a $100K loan.

They offer a line of credit to purchase homes at 1% interest with a high 1x down payment between 6-9k which is taken out of the loan disbursement.Hoping to get some insight as to whether they are a good/ethical company to work with.

We have funded other foreign national scenario's in the past which required more of a down payment than normal.

We haven't even talked about down payment, this can affect things like PMI etc.Chuck