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Updated over 7 years ago on . Most recent reply
Cash Out Refi Trouble
Purchased my first SFG six months ago. Rehabbed the property and have a tenant in place. Home value around $65K. I am having trouble locating a refi lender in the upstate of South Carolina, or online. Some lenders will not lend on investments and some will not lend less than $60K. I am asking for any ideas or suggestions. Thank you for your time.
Most Popular Reply
Originally posted by @Corey Cetto:
Purchased my first SFG six months ago. Rehabbed the property and have a tenant in place. Home value around $65K. I am having trouble locating a refi lender in the upstate of South Carolina, or online. Some lenders will not lend on investments and some will not lend less than $60K. I am asking for any ideas or suggestions. Thank you for your time.
Google search "poorest zip code in South Carolina," pick a <$60k listing there, call the listing agent, tell her you want to write an offer but your bank won't do <$60k, ask for a lender referral.