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Updated over 5 years ago on . Most recent reply

Chad J Muse's profile image
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Chad J Muse
  • Investor
  • from Greensboro, MD
  • Member since Feb 3, 2019
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Chad J Muse's profile image
Chad J Muse's profile image
Chad J Muse
  • Investor
  • from Greensboro, MD
  • Member since Feb 3, 2019
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Chad J Muse
  • Investor
  • Greensboro, MD
0
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Buying & Selling Real Estate

Need advice on conventional loan

Chad J Muse
  • Investor
  • Greensboro, MD
Posted

Just getting started. Talked to my local bank today. They tell me I cannot get a conventional loan because it will be a rental. I have an LLC, which I understand the point for a commercial loan, but I asked about a conventional loan not using the LLC and they will not do it. How can I get around this?

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Harjeet Bhatti's profile image
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Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
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Harjeet Bhatti's profile image
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Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

@Chad J Muse You can refinance on individual name under conventional loan. You can use conventional loan up to 4 units only.

  • Harjeet Bhatti
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