Multi Family FHA Loan

[Tom O'Rourke]

Good afternoon everyone,

Sooo I’m looking to purchase a multi family property in Erie, PA for my mother to move into to do 3.5 down. Only problem is she has a credit score around 580. I have credit above 680. I’ve read that some companies offer loans for scores above 580.

One loan officer declined us upfront. Anyone know a solid mortgage company where I’d be able to get us qualified? Any tips or tricks are welcomed!

Thanks!

[Bob Okenwa]

@Tom O'Rourke

You could get in touch with a mortgage broker and they could shop for a loan for you. Of course, they'd need to be compensated for their services. You could also call a few local banks or credit unions and see what they have to offer as well.