City of The Dalles, OR hard money lenders have been lending to borrowers with low credit scores for years. Dalles is a city with a population of 13,000 people. Dalles also has a population density of 900 people per square mile, and is a part of the Wasco County in the state of Oregon.
Borrowers that have really low credit scores will have to consult City of The Dalles, OR hard money lenders. These lenders specialize in getting borrowers approved for loans, borrowers that come from relatively distressed financial situations. They’re able to do this through what financiers call City of The Dalles hard money loans. Hard money loans, unlike traditional standard bank loans, don’t rely on the borrower’s credit score to determine whether or not a loan will get approved. Instead, what is used as a basis for determining eligibility is real estate.
This is referred to as a hard asset in this business. In this business, if you own your own house, you’ll be able to get approved for a loan through any of the hard money lenders in City of The Dalles. What will happen is, when you apply, you’ll be asked to list the properties that you currently own. It’s important to note that you can be facing foreclosure on these properties; that doesn’t matter as much as you might think. Even if you are, you can still get approved for a loan and a new debt load through a private money lender in your area.