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Updated almost 5 years ago,

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17
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2
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Sam Gill
2
Votes |
17
Posts

Conventional loan in Baltimore county for ground rent properties

Sam Gill
Posted

Looking for lenders that can do conventional loans (30 yr fixed) in Baltimore county for ground rent (investment/rentals)  residential (townhomes) properties.I contacted several out of the area lenders and they all said that they dont lend on leasehold (ground rent) properties.I contacted several local credit unions and was told the same.If you  know a SPECIFIC bank/CU (please do not recommend  'try a local lender...' as I already got this).I find it hard to believe that there are no such lenders given that there are so many such properties in the Baltimore area.I prefer not to pay the additional amount to redeem the ground rent.

Have excellent credit ,property is in my name (no LLC) and I own them free and clear at the moment.

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