Looking for lenders that only require 12 months seasoning

[Richard S.]

Hi everyone,

Per title, I am looking for lenders that only require 12 months seasoning. 

Haven't found any local banks that will work with this.

Anyone have any good leads? Trying not to rely on a 8%+ hard money lender, trying to land somewhere closer to 4-5% for a 10-15 year mortgage of about $150K.

Appreciate any leads!  

[Jeff Dulla]

@Richard S. There should definitely be plenty of places out there to go through. Start by googling local Mortgage Banks - specifically a Mortgage Bank. Reviews can be a good start although I can tell you the good guys are busy and aren't always focusing on boosting their online reviews. I would call and vet some people. Typically Mortgage Bankers are going to do their loans in house, have a wide variety of banks/lenders to sell to. Obviously that means better rates for most people but really what that means is that they will have a wide variety of program types and banks with no overlays. I would love to help you but I am not licensed in NJ.