203K Loans Impossible (!) Says the Lender

[Lulu Lue]

Anyone had luck with 203k loans in SF? The last lender I’ve tried to get a pre-approval had a, imo, patronizing response saying,”Although lots of people talk on social media about buying a three or four unit property with only 3.5% down in practice it almost never works.”

All lenders who I’ve tried to give a pre-approval for has tried to sway me to switch to a 5% conventional instead. For my own personal goal reasons, I am going to still with searching for a lender who will be open to it.