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Updated almost 7 years ago,
Pittsburgh - Community Bank or other good Fannie/Freddie Lender
I own 31 units and have 7 Fannie/Freddie loans.
I am looking to develop a relationship with a good community bank or mortgage lender from whom I may quickly do a cash out refinance in the future in the event if I want to buy additional properties for all cash.
My last experience with a mortgage lender in Pittsburgh was a disaster. The lender complained about having to review all of my leases and income and expenses on all my properties (most of which are owned free and clear), dragged its feet and then tried to charge an interest rate and provide loan terms which were ridiculous.
I have excellent credit.
I would like to be underwritten and have a pre-approval in place so when a deal comes up, I can be in a position to quickly refinance and pay cash for another property. I would like low loan costs and a competitive fixed rate.
If anyone has a good recommendation for a Pittsburgh bank or mortgage lender, please let me know.
Thanks.