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Updated almost 2 years ago,

User Stats

5
Posts
0
Votes
Steve S.
  • Rental Property Investor
  • Orlando, FL
0
Votes |
5
Posts

Construction Loan Oregon

Steve S.
  • Rental Property Investor
  • Orlando, FL
Posted

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!


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