Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago,

User Stats

3
Posts
0
Votes
Jack Little
0
Votes |
3
Posts

Mortgage Requirements Detroit & Good Real Estate Media

Jack Little
Posted

Hey Detroit Investors, was wondering what the typical requirements are for mortgage approvals in the area as I am going to be out of state investor new to the space. Not sure if their are exact numbers for things such as D/I ratio, credit score, and reserve funds, time at current job for mortgage approval. Was hoping to get some ball park numbers people have been seeing for themselves on their own investments or what mortgage brokers are considering as the bare minimum for approval requirements in todays economy. Any help is greatly appreciated as the mortgage aspect has been the most unclear to me. 

Secondly would really appreciate any good Detroit related blogs, websites, podcasts for real estate as well as any good media for understanding the lending aspect of investing.

Thanks in advance for the help look forward to communicating further with any one in the space that is wanting to swap some information opinions and goals and build a further business relationship .

Loading replies...