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Updated over 5 years ago,
Trouble financing a triplex
Could use some help on this one.
Got an offer accepted on a triplex for 148k, looking to use the home possible mortgage from Freddie Mac to finance with 5% conventional loan. GOT DENIED.
Idk how I got denied, I have a 720 credit score, 25k student debt which I havent missed a payment for and my Debt to income ratio os 20%.
Would anyone suggest using hardmoney then trying to refinance into a convention loan later? I have about 20k to work with here.