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Updated over 1 year ago on . Most recent reply

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Kal Wol
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Can you apply for two mortgages at the same time?

Kal Wol
Posted

Hello awesome BPs

I have got my pre-approval and I am qualified for the higher amount. My DTI is small that the lender has said I don't have to provide the rental information on my current house.

Apologies if the following question is silly :)

I am wondering if I can buy two smaller houses than one big house and if this is even possible at all. The approved amount is good enough for two townhouses basically. So wondering if it is possible or not.

Most Popular Reply

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
9,647
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

As long as the lender knows, and you qualify, this is a non-issue. It may even save you some money or at least hassle as you reduce underwriting document requests. I purchased two separate houses from two different realtors with the same lender I found about a week apart. 

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