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Updated almost 9 years ago,

User Stats

172
Posts
64
Votes
Philip Bashaw
  • Investor
  • Atlanta, GA
64
Votes |
172
Posts

Low down mortgage for investors?

Philip Bashaw
  • Investor
  • Atlanta, GA
Posted

Hello BP!

I thought I was doing well enough to get an FHA approved mortgage for my primary residence. I was actually approved and in process by Quicken Loans, but they mortgage banker didn't properly prequalify me, so they cancelled my loan. I now stand to lose $4500 earnest money unless I can find another lender that looks at more than DTI and only documented income. My credit is good, but I just sunk a lot of cash into my current project and I don't have the reserves I now require.

Does anyone know of and FHA or conventional banker that can get me qualified? There's got to be a way to make this work, but I only have about 40 days to close. The seller signed an extension.