Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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

User Stats

3
Posts
0
Votes
Nelson Amalbert
0
Votes |
3
Posts

Loan to convert 2 family to 3 family

Nelson Amalbert
Posted

I currently own a 2 family that I want to convert to a 3 family. I’m working with an architect now who believes it can be done and approved by the city. My question is, because this conversion would add value to the house, will lenders be pretty likely to fund the project? Personally i am already looking at consolidating some personal debt. (15k) but my credit is still good (700’s) will my debt to income ratio be a major factor here or will the equity put in the house suffice for approval? 

Loading replies...