Lender not financing multifamily homes

[Pamela Gombe]

Hello

I hope everyone is having a good day!

I am newbie to bigger pockets and excited to get into real estate investment.

My husband and myself currently reside in California but wanted to start investing in real estate in New Orleans.

We had found a multi family(triplex) home in New Orleans, and today the lender Loan Depot that had preapproved us told us that we have to find a new lender because as of last week they are not doing mortgages for multifamily homes on single family homes.

Has anyone experienced this?

It seems fishy but I wanted to check before calling HUD if anyone had heard of this.

[Pamela Gombe]

Originally posted by @Erica Larence-Penna:

@Pamela Gombe that is odd.  Reach out to @Elise Marquette she may be able to help!

 Hello Erica,

Thank you for the referral Elise has been great, so helpful and patient with us trying to purchase our multifamily.