Indianapolis Conventional Mortgage Lender Recommendation

[Paul Singer]

I have just bought a turnkey property for cash in Indianapolis and would like to put a conventional mortgage on it to pull some capital back out. I am an out of state investor. Does anyone have a recommendation on an Indianapolis conventional mortgage broker or originator that is used to working with investors? Looking for 30 yr fixed rate and would like to use the rent on the property as part of the dept to income ratio. Any recommendations appreciated!

[Dave Blackman]

Not sure about others but I've always had great experience with Movement Mortgage. If you have your ducks in a row and get them requested docs quickly, they will typically close your cash-out refi in 2 weeks, pretty awesome when every day is costing you with a HML. I just cashed-out 75% and closed 12 days from application submittal. Rates are a tad higher than some local banks probably but I appreciate their standard, fast system for getting it done.