What do you look for when approving a loan?
Mostly, we look at days on market for the subject property very carefully. Exceptions to that rule are sometimes made to those with A+ credit and money in the bank or borrowers with whom we have an ongoing relationship.
We also look at the investors basic background, as well as, credit worthiness. Our current minimum acceptable score is 640 however we want you to be honest about your credit challenges. HOW you handled and hopefully overcame those challenges is important to us too!