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Updated about 5 years ago on . Most recent reply
Financing eligibility question
Hello everyone. I’m in a bit of a weird situation and wanted to ask for advice. So I recently got laid off from a startup company. The timing was very inconvenient because I was ready to start approaching lenders for financing on a multi family apartment building. I have $230,000 of my own money ready to go but I’m between jobs. Will this impact my ability to get financing? Looking for a friend! Thank you!
Most Popular Reply
Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
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#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
Pro Member
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
If you have excellent credit and enough cash to pay 25% down plus closing costs, just do a portfolio loan that requires no income verification and call it a day.
Stephanie