Hard money lender for personal residence
I have a client the is receiving a large insurance settlement from a work injury in several payments. Credit is not good and no verifiable work history. Would it be possible to put 50k down on a 200k home and use a hard money lender for the rest until large payment comes in the end of year to pay off loan? This is an unusual circumstance that would other wise require a 4 bedroom rental to the tune of almost 2k @ month. Otherwise I would advise to rent for a while until final payment is received and it may be the best option anyway.