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Updated over 1 year ago on . Most recent reply

User Stats

10
Posts
1
Votes
Henry D Griffith
  • Investor
  • Frankfort KY
1
Votes |
10
Posts

Primary Residence Funding Needed - Michigan

Henry D Griffith
  • Investor
  • Frankfort KY
Posted

I have my 3rd deal under contract that I will be converting to my primary residence, and am looking for adequate lending to finalize the sale. I've attempted the traditional local banks & credit unions, however they will not recognize my STR income towards my DTI. This has a massive negative effect on my loan qualifications, and has been a major setback.

I'm looking for other types of creative lending to make this happen. Would prefer a convention type loan for better rates. Need to finance $150K, and have approximately $15K cash liquid to work with. Are there any types of lenders that help me bring this deal to a close in the West MI market?

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