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Updated over 6 years ago on . Most recent reply

User Stats

105
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21
Votes
Daniel Sabato
21
Votes |
105
Posts

Getting Approved for a Loan

Daniel Sabato
Posted

Hey everyone! So I'm planning to buy my first property towards the December area, give or take. I'm wondering if there's anything I should be doing now in regards to the loan process and whatnot. I plan to take the owner occupant route and only put down around 5%. I was wondering if the process takes a bit more time if your down payment is lower. I assumed there would be more hoops to jump through. Any steps anyone would reccomend taking now or in the near future? Thanks in advance! Also any reccomendations for lenders would be great too!

Most Popular Reply

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2,367
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746
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
Votes |
2,367
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

@Daniel Sabato You will get so many suggestion and answer but we all don't know your scenario. We will answer in general way.  You have to talk with one lender at least so you know your eligibility. 

  • Harjeet Bhatti
  • Loading replies...