Updated almost 6 years ago on . Most recent reply
Lending in St. Louis
I was hoping to get some recommendations. I am a new investor just starting out. I would like to buy a small multifamily in South City in the next few months if a good opportunity arises. I've gotten preapproval through a mortgage broker, but I was wondering if you guys obtain preapproval from multiple sources or is one typically good enough? Also, who would be your top recommendation for a residential mortgage lender? (investment only -- not owner occupied)
Unrelated to the above --- Any recommendations for a portfolio lender specializing specifically in physician loans? This would be for a primary residence (not investment). We are looking into potentially buying a single-family house in STL County within the next year. Since I'll be using my cash reserves for a downpayment on an investment property, I won't really have much left over for myself. I've reached out to a few local banks/credit unions and the only one that has said yes to "physician loans" so far is Peoples National. Still waiting on several replies though.
Any advice would be greatly appreciated...Thanks!