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Updated over 9 years ago,
Portfolio lender for 1st time buyer/investor?
Hello all,
I'm in the (dreadfully slow) process of getting approved for an FHA loan through a conventional lender, and am wondering if it would be better, or maybe easier/quicker to just try and go through a portfolio lender?
How different is the process? I know they won't just accept every proposal that comes in, but are they noticeably more stringent than a conventional lender?
It may or may not be helpful to know, but I'm in Nashville, TN, in case anyone has had a positive experience with a portfolio lender in this area.
Thanks so much BP !
- Mark