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Updated over 2 years ago on . Most recent reply

User Stats

26
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10
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Michelle Truong
  • Investor
  • Los Angeles, CA
10
Votes |
26
Posts

Looking for a Cash Out Refi Lender OOS

Michelle Truong
  • Investor
  • Los Angeles, CA
Posted

Hello BP, 

I'm looking to refinance a property I have in Indiana that was bought cash and has been seasoned for 6+months. I went through a lender that said they could refinance the property, but the appraisal came back around $68k, which is just shy of their minimum of $70k. The lender hasn't completely given up, but I'm trying to find another lender that might meet this amount. I've tried local credit unions in Indiana, but in most cases you have to live in that state. I'm based out of California. I'm looking for nationwide lenders that would help OOS investors. Is there anyone that knows any lenders that would accept that amount?

Thank you in advance! 

Most Popular Reply

User Stats

1,053
Posts
1,320
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Brandon Goldsmith
  • Real Estate Agent
  • Columbus, OH
1,320
Votes |
1,053
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Brandon Goldsmith
  • Real Estate Agent
  • Columbus, OH
Replied

You could always try and get another appraisal @Michelle Truong

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