Is anyone else having a hard time working with lenders recently?

[Timothy Casallas]

Hey everyone,

I am running into an issue I never had before. I used to contact lenders and they would call me back nonstop looking to do business. Recently (last 3 months), I've been through 4 lenders that barely communicate with me. It is like they aren't really looking to work with me. I am buying single families and duplexes in Georgia with a conventional loan and one just told me that his company can only accept 7% investors and they can't even refinance investment properties right now. 

Am I just running into bad luck or is there something else going on that I am only now starting to witness?

[Jay Hinrichs]

yup fannie and freddie came out with no more than 7% of a lenders loans can be for investors so rates rose and its making qualifying harder and cash out is always dangerous from a lenders perspective.. kind of kills all the BRRRR stuff .. all this will still happen but Biden plan is create more liquidity for owner occ ..