Most rehabbers won’t need a perfect credit score for their house rehabbing business.

These real estate investors usually borrow hard money and for hard money lenders, the credit score still plays a supporting role compared to the value of the deal. If the deal is good, you get the funding. Lenders won’t waste the opportunity to make money by funding someone who’s into rehab properties. But what exactly is the perfect credit score? Does anyone have it?

According to FICO (Fair Isaac Corp.), only 0.5% of Americans manage an 850 credit score, the perfect credit score. So if you don’t have it, don’t feel that bad. A credit scoring expert with Credit.com even said that achieving that kind of credit score is really not an easy task. “The 850 score is kind of like a unicorn. Everybody talks about it, but nobody’s seen it,” expert John Ulzheimer said. His statement came with a report that featured a man who is trying to achieve an 850 score. It’s a good thing it’s not a requirement in house rehabbing.

Apart from hard money, real estate rehabbers can seek funding from private money lenders and other financiers. They won’t have to worry much about their credit scores since they won’t be dealing with banks, except when they’ll cash their checks. That doesn’t mean though that you can totally forget about it. You never know when you’ll need it.

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