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Updated about 2 months ago on .

User Stats

161
Posts
47
Votes
Jennifer Fernéz
  • Investor
  • Reading, PA
47
Votes |
161
Posts

Looking for a lender

Jennifer Fernéz
  • Investor
  • Reading, PA
Posted

Hi all! I’m looking for a lender to help me start a portfolio. I have about $100K in cash. 709 median credit score. I don’t qualify for conventional loans because my debt to income is to high with a pending new construction primary residence loan. Can anyone help? I don’t have a particular property yet, however, I do have a neighborhood in mind so when something comes up I have to be ready to pounce. The homes are usually in the $200K-$250K range with rent $1900-$2200/mo. I can explore other neighborhoods that would produce more rent with a lower mortgage, but I prefer this specific neighborhood because of the proximity to the hospital (lots of traveling nurses and it’s a high demand area) and the school district is the best one in the county, with the highest appreciation rate in the county. Thanks in advance!! Jennifer

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