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Updated about 5 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
Orazio Difruscolo
  • Contractor
  • Chicago, IL
2
Votes |
17
Posts

Lenders in Chicago Suburbs (Owner Occupied)

Orazio Difruscolo
  • Contractor
  • Chicago, IL
Posted

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

User Stats

255
Posts
141
Votes
Joseph Konney
  • Real Estate Agent
  • Forest Park, IL
141
Votes |
255
Posts
Joseph Konney
  • Real Estate Agent
  • Forest Park, IL
Replied

@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. 
 

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