picking a lender building credit

[Brandon Glass]

Hey guys I have been reviewing a few mortgage lenders online and trying to see which are the best. I am rebuilding credit and just under 600 and just needed advice on which lenders would still help or where to go to get funding for my next deal. Thanks in advance!

[Michael Kinsella]

Brandon,

Tough to say without knowing the full scope of what you're looking to do. 

With that said, a couple of options come to mind;

1. Taking some time to rebuild your credit before looking at some more competitive loan options.

2. Using a HML (hard money lender). Most hard money lenders you go to are likely to look at credit, but you can find some options with low or no credit score requirements.

3. Bringing on an additional guarantor with a higher credit score. This can ease the lender's mind. If you bring on someone with a substantially higher credit score, that in and of itself can improve your loan options.

4. Working with a reputable individual private lender. Instead of a debt fund, you can seek out an individual who would be willing to lend you the money.

Best,

Michael