Working on multiple deals with conventional financing

[Kate Horrell]

I apologize if this has been addressed elsewhere.

Yesterday, I submitted a loan application for a cash-out refi on one of my properties. We are planning to close in just under a month. Then, last night, I see a property in which I am very interested in buying, and the price on a 3rd property dropped again. I don't even know if I would qualify with conventional financing, but I am pretty sure that I can't have concurrent loan apps going on with two different companies.

Does anyone have any experience with this? What would be good alternatives for me?

While I've been doing this for a while, I've always used safe and traditional loans with my local CU. This cash-out refi is my first loan ever that hasn't been with my CU, and I'm still learning to be comfortable stepping outside the box for financing.

Thanks in advance!