Credit Checks: Hard Money vs Conventional

[Alex Pino]

I recently applied for conventional financing to secure a property (VA). Unfortunately I am having some DTI issues and I work 1099, so I am cash heavy but no one wants to lend because I have less than 2 years of 1099 work. I believe I qualify for only up to about $180,000 as some lenders ball parked that for me. I am at the point I either continue to rent or I buy a property to either live in or fix-flip/BRRR. My questions is if I run my credit through a hard money lender, will it continue to hammer down my credit score? Or can I take the advantage of lumping it all into the 14 day mortgage shopping window?

[Matthew Kwan]

HI Alex, feel free to reach out to @Albert Bui as he can probably assist you on this. Since you are 1099 meaning you're self employed so in theory one year of your tax returns should be sufficient to use income to qualify

@Carlos Valencia