Shopping around for Lenders.

[Joel Di Piazza]

Good Day,

I have a plan to begin my investment adventure in Florida. Pasco, Pinellas, Hillsborough counties. By living in a multi-family 1 to 4 units. (1st choice) and renting the others. Or a single family with a ADU (2nd choice) and renting the ADU. So far, the banks or credit unions I have called are mostly small local ones.

When shopping around for a lender other than the above statement of what I am doing with the property. What questions should I be asking them? 

I do let them know that I qualify for a FHA loan, homestead and other local programs that I may qualify for. They just regurgitate these back.

I do ask if they or another loan officer are familiar working with real estate investors. They all say yes.

When I ask them what type of information, they would need regarding the property like RTOI, rents towards paying the mortgage, comps or equity. They seem to get lost or don't care.

What am I doing wrong? Please help.

Thank you,