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What credit score do you need to flip a house?

The credit score you need to flip a house will depend on the type of financing you are seeking and the lender's requirements.

If you are seeking a traditional mortgage to finance the purchase and renovation of a house flip, you will typically need a good credit score to qualify. Most banks and other financial institutions have minimum credit score requirements for mortgage loans, which may range from around 620 to 700 or higher, depending on the lender.

If you are unable to qualify for a traditional mortgage due to a low credit score or other factors, you may consider seeking financing from a hard money lender. Hard money lenders are individuals or organizations that provide financing to borrowers who may not qualify for traditional financing from banks or other financial institutions. These lenders typically lend based on the value of the property being used as collateral, rather than on the borrower's creditworthiness. As a result, hard money lenders may be willing to work with borrowers who have lower credit scores or other financial challenges.

It's important to note that hard money loans can be more expensive than traditional financing options and may not be suitable for everyone. It's always a good idea to carefully consider your options and weigh the pros and cons before committing to a hard money loan.


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