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Updated over 8 years ago,
Recommendations on Lenders in Wisconsin
Hi All,
I am a relatively new investor in Madison, WI. I purchased a 4 unit building last year through conventional financing at 25% down through a local bank (Park Bank). I am looking to buy another (likely owner occupied) 4 unit building . I am beginning to understand not all lenders are made equal. It seems like the way to go from reading posts on BP is to do a FHA loan if I am willing to owner occupy. Just calling around I had a hard time tracking down a lender that was familiar with doing a FHA loan on a 4 unit in the area. I am willing to go the conventional financing route as well but the 25% down payment puts most 4 units out of my immediate grasp without getting creative.
My questions:
1) Does anyone know good lenders in Madison, WI (or surrounding areas) for FHA loans on 4 units?
or
2) Does anyone know good lenders in Madison, WI (or surrounding areas) that give lower that 25% down payment for conventional financing in the area for owner occupied 4 units?
Thank you for your help with this,
-Hussain