There are many private lenders available that will lend funds based primarily on the underlying real estate and not the qualifying individual.  These lenders are called hard money lenders.  The benefit of working with hard money lenders is that qualifying is fast and easy.  As long as you have sufficient down payment, lenders will be willing to lend money based on the value of the real estate.  On the negative side, these loans may have higher interest and higher fees.  Many loans also have shorter terms, usually one to five years. 

Investors like to use hard money to purchase a good deal to flip.  Some end buyers like to use hard money to lock in a deal that need a fast sale and refinance with a standard lender within a few months.

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