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Updated over 4 years ago on . Most recent reply
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Lenders for Multifamily conventional loans during Covid?
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
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@Igor Nastaskin Chase is the problem here...everyone is more conservative, they are of the worst...send a DM