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Updated over 5 years ago,
Banks for Conventional Loans
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.