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Updated over 2 years ago on . Most recent reply

User Stats

7
Posts
6
Votes
Peter Barrow Jr
6
Votes |
7
Posts

Lender pre-approval for small multi-family

Peter Barrow Jr
Posted

Hello. I've heard that getting a pre-approval before shopping for a small multi-family will is the recommended way to let the agent know you're serious and preferred if dealing with a BRRR. However, how do I get a pre-approval for one property when I will be looking at many properties? Wod I be able to use the same pre-approval as a basis for any property I'm looking at that has similar criteria? Can't wait to hear from someone on this. Thank you.

Most Popular Reply

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13
Posts
8
Votes
Amber Arwine
  • Lender
  • Chicago, IL
8
Votes |
13
Posts
Amber Arwine
  • Lender
  • Chicago, IL
Replied

A lender would typically do a blanket approval for your max qualification amount. I can connect you to a Loan Officer in VA if you'd like.

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