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Updated almost 2 years ago,
Construction Loan Oregon
Hi, I previously used Washington Federal to do a Construction loan for a SFR and I was very pleased. Looking to do a second construction as a Rental Property investment.
I just learned that for qualification they no longer consider market rent rates for income to qualify. I have full-time employment and I can't qualify without using market rents.
Can anyone recommend a Oregon lender that uses market rent for qualification for construction loan? I'll own the land outright for collateral on the construction loan.
Thanks!