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Updated over 3 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Samuel Bridges
  • Rental Property Investor
  • Moline, IL
2
Votes |
8
Posts

Should I get pre-approved for an FHA loan?

Samuel Bridges
  • Rental Property Investor
  • Moline, IL
Posted

I am looking into getting a FHA loan for my first investment property. I have been stuck on if I should get pre approved by a few local banks/ lenders

, or if I should find a deal first and then use the deal to my advantage to be able to potentially get a higher loan amount. The reason I’m stuck on this is because I’m not sure I would be approved for a high loan amount with my current income. I have a good savings and credit score. Any suggestions???

Thank you!

Most Popular Reply

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3,349
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2,348
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Caleb Brown
  • Real Estate Agent
  • Kansas City
2,348
Votes |
3,349
Posts
Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

@Samuel Bridges

I don’t know any where you are at. Start out with local banks/credit unions. Avoid large lenders or ones you see with online/TV presence

  • Caleb Brown

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