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Updated over 2 years ago on . Most recent reply
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Best direct lender/big bank options in Chicago?
Hey all -
New investor here in the early stages of securing a mortgage for a MF on the north side of Chicago. Thought I would reach out to the community and see if anyone has any recommendations for direct/big bank lenders and/or credit unions that are good to work with in the sense that they have low fees and are easy to work with. Following some research that suggested that I get pre-approved by a credit union, mortgage broker, and direct lender/big bank to see which would be the best for my circumstances and goals.
Any recommendations and/or advice would be greatly appreciated. Thanks!
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- Real Estate Broker
- 3412 S. Harlem Avenue Riverside, IL 60546
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@Jeff Davis what kind of financing are you looking to get? FHA? Conventional? Portfolio/commercial? That will make the biggest difference. If you are looking for an FHA, VA, or conventional, then I would talk to my guy @Joshua Jones with Loan Depot.
If you need something beyond that, then the credit unions and small local banks can be good. They will have a tight box you have to fit in, but if you fit you are good.