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Updated over 3 years ago on . Most recent reply

Erik Luna's profile image
Erik Luna's profile image
Erik Luna
  • New to Real Estate
  • from Downey, CA
  • Member since Feb 12, 2020
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Erik Luna's profile image
Erik Luna's profile image
Erik Luna
  • New to Real Estate
  • from Downey, CA
  • Member since Feb 12, 2020
Connect
Erik Luna
  • New to Real Estate
  • Downey, CA
11
Votes |
17
Posts
Private Lending & Conventional Mortgage Advice

Question about conventional loans

Erik Luna
  • New to Real Estate
  • Downey, CA
Posted

Hey, bp community! I have a question about conventional loans. When applying for a loan, do I have to be very specific about the area I want to invest in? Such as zip code? Or once I am approved would I be able to make offers anywhere across the state or even out of state?

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Elise Marquette's profile image
Elise Marquette's profile image
Elise Marquette
  • Lender
  • from Frisco, TX
  • Member since Feb 5, 2019
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Elise Marquette's profile image
Elise Marquette's profile image
Elise Marquette
  • Lender
  • from Frisco, TX
  • Member since Feb 5, 2019
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Elise Marquette
  • Lender
  • Frisco, TX
270
Votes |
546
Posts
Elise Marquette
  • Lender
  • Frisco, TX
Replied

@Erik Luna Loan officers are licensed by state so a preapproval in California for example is good across the entire state. Some loan officers are licensed in multiple states.

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