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Updated over 5 years ago,

User Stats

28
Posts
16
Votes
Aaron Krawitz
  • Houston
16
Votes |
28
Posts

Banks for Conventional Loans

Aaron Krawitz
  • Houston
Posted

I'm a new investor and working on making my first purchase. I was approached by an agent who claimed I most likely wouldn't qualify for a conventional loan based on the fact I wouldn't be living in the residence.

I haven't approached lenders yet, but what has your experience been in the Houston area for applying for conventional loans while not living at the residence? 

Both my partner and I have high credit scores, our combined income is over $230k, and our DTI is reasonable. I understand we wouldn't qualify for lower interest loans such as FHA, but I'm talking run of the mill prime interest 30 year loans.

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