Hard money lenders do not have specific minimum property standards but the borrower must have a reasonable plan to remedy all of the issues. (northcoastfinancialinc.com)
The REO property must meet FHA minimum property standards in order for the borrower to qualify for a conventional bank loan. (northcoastfinancialinc.com)
The FHA also mandates that homes meet minimum property standards as prescribed by local, state, and federal guidelines. (valuepenguin.com)