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Updated over 7 years ago on . Most recent reply

User Stats

35
Posts
11
Votes
Stephanie Knox
  • Drexel Hill, PA
11
Votes |
35
Posts

Credit Unions in the Delco / Delaware county / Philadelphia area

Stephanie Knox
  • Drexel Hill, PA
Posted

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!

Most Popular Reply

User Stats

61
Posts
26
Votes
Billy Brown
  • Lender
  • Nashville, TN
26
Votes |
61
Posts
Billy Brown
  • Lender
  • Nashville, TN
Replied

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.

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