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Updated almost 6 years ago on . Most recent reply

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19
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5
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Brennan Hile
5
Votes |
19
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Choosing the Right Bank

Brennan Hile
Posted

Just graduated college and started working full time.

I’m considering several options to get me in the real estate game.

Potentially using FHA or conventional loan to buy the house I'm currently renting with roommates or buying a duplex and maybe moving in once my lease is up in a little less then a year.

My question is how do I find the right bank?

Also any opinions on FHA vs Conventional would be greatly appreciated.

Most Popular Reply

User Stats

114
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61
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Benjamin Piecenski
  • Lender
  • Columbus, OH
61
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114
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Benjamin Piecenski
  • Lender
  • Columbus, OH
Replied

@Brennan Hile FHA is typically going to be the better program for a credit score under 680, and conventional will be better for a credit score over 680. You shouldn't focus on "finding" the right bank, but rather shop around between 3-5 different banks and go with the most competitive offer. Let me know if you have any further questions!

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