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Updated about 4 years ago on . Most recent reply

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Francisco Garcia
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Francisco Garcia's profile image
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Francisco Garcia
  • Member since Dec 23, 2020
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Francisco Garcia
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Real Estate Agent

Multi family property loan declined

Francisco Garcia
Posted

Good afternoon my name is Francisco and I’m trying to get pre-approved for a multi family, 2 unit, using a conventional loan for 70k up in Rochester, Ny. When I had gave my information to quicken loan they had told me my income is great, credit check is excellent ex... But no bank would give a loan for a multi family property that’s less than 100k?If anyone has an answer for this that’ll be great.

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