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Updated over 4 years ago on . Most recent reply

User Stats

19
Posts
8
Votes
David Lyons
8
Votes |
19
Posts

Lenders for Multifamily conventional loans during Covid?

David Lyons
Posted

Hi all,

I was working on a pre-approval for a conventional loan on an investment property today with Chase. After filling out the application and talking to a loan officer, she told me they're not making loans on multi-family units or condos right now. Has anyone had similar issues with getting a conventional loan for a multi-family investment property recently? I'm curious if many other banks are putting similar restrictions in place, and wondering when they'll lift them


- Dave

Most Popular Reply

User Stats

294
Posts
150
Votes
Clarence Johnson
  • Real Estate Agent
  • Inglewood, CA
150
Votes |
294
Posts
Clarence Johnson
  • Real Estate Agent
  • Inglewood, CA
Replied

@Igor Nastaskin Chase is the problem here...everyone is more conservative, they are of the worst...send a DM

  • Clarence Johnson
  • Loading replies...