Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

40
Posts
12
Votes
Gil Happy
  • Gilbert, AZ
12
Votes |
40
Posts

Need Lender Recommendations For Single Family Home

Gil Happy
  • Gilbert, AZ
Posted

Hello,

I am looking for lender recommendations for a single family home in a current state of rehab.

I am currently looking at purchasing a single family home (SFH) that was purchased by a 'flipper' approximately 9 months ago. This flipper recently abandoned this rehab project and are looking to sell due to a 'family situation'.

If I had to guess, I would say that the renovation is 70% completed, but the currently owner / flipper has no intention of completing any further and is looking to sell.

The property is located in GA and I was wondering if anyone has recommendations or suggestions on a traditional bank / credit union lender that would provide a 30 year fixed mortgage on a home in the current state? I would put down 20% and am open to moving into the home and making it our primary residence. However, since we purchased a primary residence back in Oct 2020 (and don't plan to sell), it might not qualify.  As well, I would 'not' need the loan to include extra money to complete the renovations.

Thanks in advance!

Loading replies...