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Updated over 8 years ago on . Most recent reply

User Stats

8
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2
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Daren Judd
  • Fort Worth, TX
2
Votes |
8
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What are typical HML standards?

Daren Judd
  • Fort Worth, TX
Posted

Looking to do my first deal this year.
One of the HML lenders I've talked to said these are their requirements for a newbie:

650 credit score
$10,000 in my personal bank account
14% interest only

Is this pretty standard across the board with the hard money loans you have used?
If not, what  were your requirements?

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