I need loan options for primary residence

[Allen L.]

Hi everyone,

Over the past six years, I’ve built a portfolio of 70+ properties, primarily single-family rentals. My wife and I are now at a stage in life where we’re looking to move from a condo rental in the city to a home in the suburbs. While we both have strong W-2 incomes, the large number of properties I own has made conventional lenders and agents caution that securing a loan for our primary residence could be a highly complex process.

I've consulted with some local banks I work with, and one has expressed potential interest in financing our primary home. However, their terms involve a 20-year amortization, a 5-year ARM, and a rate of prime + 0.5% thereafter.

I’m exploring other options for financing and would appreciate any suggestions or advice. The timeline for this is not immediate but likely within the next six months.

Thank you,
Allen