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Updated over 7 years ago on . Most recent reply
Looking for RE Investor Friendly Bank in HoCo MD
I am looking for a RE friendly local bank in the Howard County/Baltimore area to start a new banking relationship. Any recommendations?
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Stephanie P.
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
Pro Member
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
Because you're going for rehabs and rentals funded by private money and hard money loans, you may need to get a portfolio lender that doesn't require seasoning on title after the rehab and uses the appraised value or one that doesn't income qualify. Bank financing can be tough in those areas.
Stephanie