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Updated over 4 years ago,

User Stats

43
Posts
18
Votes
Aisha M.
  • Rental Property Investor
  • New York
18
Votes |
43
Posts

Lender question and concern 203k loan

Aisha M.
  • Rental Property Investor
  • New York
Posted
Hello BP fam, I have a couple questions as I’m actively working on purchasing my first investment. I asked about a FHA 203 k loan pre-approval and he just gave me the run around about how I’ll pay more with that loan. Frankly, seems to me like he doesn’t want to do the work. I’m wondering if I should shop with other lenders who seem open to the work a 203k loan process or if he is actually telling me the truth. Should I shop around with different lenders or try and see if he will get me approved for one? Will it affect my credit too much?

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