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Updated over 10 years ago,

User Stats

90
Posts
48
Votes
Brock Y.
  • Investor
  • Lake Villa, IL
48
Votes |
90
Posts

What type of lending should I be looking for?

Brock Y.
  • Investor
  • Lake Villa, IL
Posted

I am a novice when it comes to different types of lending ( Conventional, Private, etc.) so I am looking for some help as to which route I should take.

Credit: Not so great. 650-700. 

DTI: Great. If I had 750+ credit I could get a conventional loan on a 750k+ house.

Assets: Have a few properties but do not want to use them, 401k yada yada yada

I am looking to purchase MULTIPLE SFRs (40-60k) over the course of the next year and was hoping there was a lender or a type of loan that would allow for this with my prequals. I am not in the market to keep getting hard pull on my credit just to be denied due to Credit Score. 

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