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Updated over 2 years ago on . Most recent reply

User Stats

7
Posts
5
Votes
Michael Bryant
  • Rental Property Investor
  • San Leandro, CA
5
Votes |
7
Posts

Lending For Out Of State Investing

Michael Bryant
  • Rental Property Investor
  • San Leandro, CA
Posted

When trying to find a lender for out of state investing, should you apply to banks/credit unions in the state you are investing or where you live? 

  • Michael Bryant
  • Most Popular Reply

    User Stats

    74
    Posts
    50
    Votes
    Lorenzo Prieto
    • Lender
    50
    Votes |
    74
    Posts
    Replied

    What is more important is finding a lender that has the mortgage programs and interest rates that fit your investment needs. The lender does not need to be local to you or the property necessarily. I'd reach out to a few lenders and compare closing costs, interest rates, loan programs, etc etc and base my decision off of who fits with you the best. 

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