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Updated about 8 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Anthony DeRoche
  • Framingham, MA
3
Votes |
7
Posts

Newbee question on prequalifying

Anthony DeRoche
  • Framingham, MA
Posted

I currently live in Massachusetts, Framingham in Metrowest area, but grew up in southern Maine and am considering looking at both locations to find the first multifamily that my wife and I are hoping to buy and start the real estate investor journey.  My question is, if I get pre-approved for financing at a local portfolio bank in Mass, can the loan be used for a property in Maine, or any other state for that matter or do I need to find a lender in the state that I'm looking to buy in? 

Thanks,

Anthony

Most Popular Reply

User Stats

7
Posts
3
Votes
Anthony DeRoche
  • Framingham, MA
3
Votes |
7
Posts
Anthony DeRoche
  • Framingham, MA
Replied

Awesome.  thanks @Christopher Phillips for the quick reply.  I'll start my search for portfolio banks with that in mind.  

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