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Updated over 7 years ago on . Most recent reply
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Credit Unions in the Delco / Delaware county / Philadelphia area
So I feel that I'm truly ready to start house hunting (duplex - triplex, looking to house hack). I have a little over $12,000 cash saved, got my credit score in the high 700s, and my credit card is pretty much paid off; only $1,000 left which I will have taken care of in the next 2 months. So I'm wondering if anyone can give me advice / recommendations on which credit unions or even community banks to look into. I sat down with Wells Fargo and the guy seemed very helpful but I like the flexibly of a credit union and the fact that they don't sell off my loan. I also sat down with Citadel not too long ago and they seem pretty good but I was wondering if anyone can give me any other input to consider. Thanks in advance!
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If you are "bankable" secondary lending is an option as well as BRRR strategy. Partner with a private lender to fund the deal (assuming you buy it under value), wait 6 months and do a cash out refi off the new value. Private lender can be a debt or equity partner.