Do you have multiple investment properties? As with conventional first mortgages, most lenders look for a FICO credit score of or higher to qualify you. Hard money loans come with shorter terms around two to five years , higher interest rates and hefty processing fees. This type of loan isn’t right for everyone. Our number one goal is helping people find the best tools to become more successful real estate investors. Can Borrow More:. Some hard money loans are structured as interest only loans, followed by a large balloon payment.