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Updated about 3 years ago,

User Stats

54
Posts
18
Votes
Darvin Johnson
  • Rental Property Investor
  • Detroit, MI
18
Votes |
54
Posts

Michigan Investor Looking for Lender Recommendation

Darvin Johnson
  • Rental Property Investor
  • Detroit, MI
Posted

Happy 2022 Bigger Pockets Family,

Despite my income and credit score my DTI is currently to high for a conventional mortgage. I was wondering if anyone has any lender recommendations for permanent/long term rental purchases. I've seen Aloha Capital as well as Lending One in the network section of the site, has anyone had any experience with either?

The properties I'm currently considering are in Michigan, mostly turn key or with light rehab/value add, 1-4 units under $200k. I'd prefer 80% LTV as well as 30yr term. A major plus if the lender does blanket loans. I appreciate any info you all can provide. Have a successful 2022 everyone.