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Updated over 6 years ago,
Seeking Conventional Financing Advice for Evansville, IN
New investor with excellent credit...looking for financing recommendations in the Evansville, IN area.
I have contacted one local bank based on RE Agent recommendation and they are saying they only do adjustable rate mortgages for investment properties. My agent is also saying it is uncommon to have 30 year fixed mortgages in the area. I'm from Idaho and a 30 yr fixed is the norm for investment properties. Is that not the case in Indiana?
If so, should I consider a larger national bank instead of local?
Any recommendations would be appreciated.
Thanks - Darius