Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

27
Posts
12
Votes
Sam Sav
  • Contractor
  • Chicago, IL
12
Votes |
27
Posts

Any local banks or credit union in south Chicago suburbs that does rehab loans?

Sam Sav
  • Contractor
  • Chicago, IL
Posted

hey guys I was wondering if some of the local investors here in Chicago know of any local banks or credit unions that are investor friendly and provide loans that include rehab costs in the loan amount? I went to a local credit union in oak lawn and they said they only do conventional loans with 25-35% down and no rehab loan because they're not licensed to do that they said. 

I have very good credit (above 760) and good income. So I shouldn't really have a problem getting approved. I also have about 40-50k cash available but I'd much rather use a loan instead of using all my savings rehabbing a house. 

If anyone local had an recommendations I would love to hear it

Loading replies...