What sort of credit and financial stability does a Hard Money Lender require from the borrower?

Many hard money lenders have specific underwriting guidelines, you will see that NextGEN Hard Money Lenders will many times underwrite a file with a common sense approach. Some hard money lenders might call this out-of-the-box underwriting, but NextGEN lenders just view this as a great way to provide creative solutions for customers. As far as credit, their some hard money that do not look for a perfect credit score. Some hard money lenders do look for patterns of payment over time and understand that everyone encounters financial hardship at sometime in their life. A great company would want to be there to help your borrower and help transition them into better times, this is the common thread among NextGEN hard money lenders.