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Updated almost 6 years ago on . Most recent reply

User Stats

19
Posts
8
Votes
Gerardo Ali
  • Rental Property Investor
  • Tacoma
8
Votes |
19
Posts

Loans for multi family in East Coast

Gerardo Ali
  • Rental Property Investor
  • Tacoma
Posted

I am fairly new to the east coast but looking to buy 4plex or more, however being new in investing and in the area, was curious if there is a bank/loan agency that would give loans for multiple states? Any suggestions from people/companies that you’ve used?

  • Gerardo Ali
  • Most Popular Reply

    User Stats

    578
    Posts
    429
    Votes
    Eric Veronica
    • Lender
    • Cleveland, OH
    429
    Votes |
    578
    Posts
    Eric Veronica
    • Lender
    • Cleveland, OH
    Replied

    @Gerardo Ali will you be occupying the property and what state?

    If you are relocating you may be able to use a Homepossible loan and get into a 4 unit with as little as 5% down. This program allows you to use proposed rent as qualifying Income and the interest rates are as good or better than you would get for a traditional SFR purchase.

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