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Updated almost 8 years ago on . Most recent reply

User Stats

160
Posts
21
Votes
Mario F.
  • Los Angeles, CA
21
Votes |
160
Posts

possible to get 10% conventional loan for 4 unit multi-fam in CA?

Mario F.
  • Los Angeles, CA
Posted

My lender has told me that it's not going to be possible to get this loan for a fourplex unless it's through FHA. But the seller does not want to deal with FHA. Anyone have advice? Should I shop around?

I put an offer down on a property in Inglewood CA - four units.  If the offer gets accepted, now I'm not sure if the financing will work because of this problem. 

thanks

mario

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