Investor-Friendly Banks in Central NJ?

[Snehann Kapnadak]

Hi All,

Hope your week's going well. I'm looking to get pre-approved for a home loan and get my REI career underway (get "locked and loaded", as one podcast guest called it!). My goal is to try and build a good relationship with a local bank to ease the process of financing down the line as I (hopefully!) acquire more properties.

I intend on buying out-of-state through a turnkey provider or through Roofstock, so the bank I would work with would ideally be very investor-friendly and willing to work with me on this investing gameplan.

Does anyone have good recommendations for banks in the Central NJ area? Woodbridge, Edison, Metuchen, etc. Or any banks I should absolutely stay away from would be helpful as well :) I have some student debt, but great credit, so hopefully that will help open some doors to some lower rates!

Please let me know, thanks! 

[Peter Tverdov]

Fulton Bank is very investor friendly. 

Spencer Savings bank does investor loans but they are a nightmare to work with. Do not use them. Many feel that way.