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Updated about 5 years ago on . Most recent reply
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Lenders in Chicago Suburbs (Owner Occupied)
Hello BP Community!
I am just beginning my search for my first investment property in the Chicagoland area. I am primarily looking at 2-4 small Multi-Family properties near west suburbs area like Elmwood Park / Forest Park /Berwyn, etc.
I will be owner occupying. I want a lender who can do 5-10% down, and I'd prefer one who is knowledgeable about the various down payment grant programs.
Can anyone provide me a good lender that has a focus on small MF properties?
Any recommendations would be greatly appreciated!
Thank you all in advance!
Most Popular Reply
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@Orazio Difruscolo - Forest Park is a great choice. At first I rented there and then decided to buy a small multifamily to live in there. Easy access to the downtown and the suburbs through the 290 expressway and the CTA blue line is available 24 hours a day as it connects to O'Hare airport.
PM and I can give you a referral to a lender.