Most private money lenders are going to look at your credit also to see if you qualify for their loan also they have very high interest rates. I don't know what you consider poor credit. I do know of a program that isn't looking for perfect credit, no money down, reasonable rates, and affordable payments. If you would like more information please contact me, maybe I can help guide you in the right direction.
Hi Maria! I think you might be referring to a "Hard Money" loan. It's a loan made to you by a group of investors or an individual (not by a bank). Your poor credit will count against you, but if you will put enough money down on the house, there will be someone willing to loan you money. They would want low risk, and you'd have to expect to pay higher interest on the amount borrowed.