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Updated over 8 years ago on . Most recent reply

User Stats

259
Posts
125
Votes
Samuel Coronado
  • Investor
  • Huntsville, AL
125
Votes |
259
Posts

Need recommendations for non-owner occupied mortgages around FBNC

Samuel Coronado
  • Investor
  • Huntsville, AL
Posted

I have a good deal in the works. It fits my parameters. The deal needs conventional financing though. The property owner wants to sell it for the payoff for the current mortgage ($46k) plus $5k for him to walk away with at closing. Total sales price will be $51k while the FMV is $84k. I am looking for referral for a conventional lender; I am not asking for anyone here to finance it for me. I just want to know what kind of experience with local lenders around Fayetteville, NC you've guys have had with non-owner occupied mortgages. I've heard good things about Lumbee Guarantee on BP. I plan on contacting them tomorrow. Any other recommendations or leads? Thanks in advance.

Most Popular Reply

User Stats

98
Posts
32
Votes
Kirsten Ostby
  • Rental Property Investor
  • West End, NC
32
Votes |
98
Posts
Kirsten Ostby
  • Rental Property Investor
  • West End, NC
Replied

Have you found a lender yet @Samuel Coronado? Nikki Torres at Movement Mortgage helped me out this spring when a few other local lenders turned me away. I needed a loan for 56k, so pretty close to your situation. 

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