Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

145
Posts
42
Votes
Frank Agyeman-Duah
  • Real Estate Agent
  • Dallas, TX
42
Votes |
145
Posts

Lender about to decline my loan

Frank Agyeman-Duah
  • Real Estate Agent
  • Dallas, TX
Posted

I recently refinanced my primary  home and switched it into a conventional loan after living there for a year.  I had also refinanced a prior house that I purchased in 2016 into a conventional loan.   I currently have a property under contract in Georgia. We're schedule to close on this loan on 3/10/2022. The lender just called to tell me that they are suspending my application because they realized I refinanced my property as an owner occupied and not an investment loan.  Lender wants me to convert the loan into an investment loan but I'm unable to raise the 25% down payment. I may lose my earnest money if this deal falls through. I need help asap to find another lender who can close this for me. Your suggestions are welcome.

Loading replies...