vancouver, WA · Member since 2012 · 1 post · 0 votes
Hello,
I am purchasing a house on a contract that is being assigned to me. Unfortunately, our usual bank would not provide a loan and I am reaching out the BP community to see if anyone has suggestions for a lender on an owner occupied house in Portland, OR. For what it is worth, my wife and I have good credit and will be putting 20% down. Thanks in advance.
Note Investor · Wilsonville, OR · Member since 2010 · 149 posts · 113 votes
12y
Institutional lenders tend to shy away from approving and funding assigned contracts. You may need to close with a hard money lender and the refinance with a regular institutional lender.