Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply
Financing under 100,000 for MultiFamily
I am investing in property in Cleveland, OH. I had been pre-approved by Rocket Mortgage. Now they are telling me they can't give me the loan as the property is a duplex and is only 90,000 even with my 25% down. Any advice on lenders that will loan on this amount, or why this is a issue at all. Thanks,
Deb
Most Popular Reply
#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
- 19,201
- Votes |
- 28,162
- Posts
#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Quote from @Debra Gross:
I am investing in property in Cleveland, OH. I had been pre-approved by Rocket Mortgage. Now they are telling me they can't give me the loan as the property is a duplex and is only 90,000 even with my 25% down. Any advice on lenders that will loan on this amount, or why this is a issue at all. Thanks,
Deb
Rocket has been horrible to work with in my experience. I don't think I've ever done a deal where Rocket was involved that wasn't a total cluster F. Many options for you out there. Cross Country, Wells Fargo, Wintrust to name a few.