Whether a hard money lender runs your credit will depend on the specific lender and their policies. Hard money loans are a type of financing that is secured by real estate and is typically used as a short-term loan for flipping houses or rehabilitating properties. These loans are often characterized by higher interest rates and shorter repayment periods than traditional mortgages.
Some hard money lenders may run a credit check on borrowers as part of the loan application process, while others may not. Hard money lenders may be more focused on the value of the property being used as collateral for the loan, rather than on the borrower's creditworthiness. As a result, they may be more willing to lend to borrowers who have lower credit scores or other financial challenges.
It's important to note that even if a hard money lender does not run a credit check, they may still require the borrower to provide financial documentation and may consider other factors, such as the borrower's income and assets, when evaluating the loan application. It's always a good idea to carefully review the terms of a hard money loan and understand the lender's requirements before committing to borrowing the money.