All Forum Posts by: Chandler Hall

I am over the income limit so unfortunately I can't use Home Possible either!

@Chris Mason Thanks for the response, Chris - The 3 places I was pre-approved for were only for an FHA loan. They told me the lowest they can do is 15% down conventional for a duplex which I can't do, so I've been calling around trying to find a place that will go lower but so far no luck.

Hi all!

I am currently looking for a few different mortgage loan options around Cleveland, OH. I have already been pre-approved by 3 different places for FHA. My problem right now, is that I can't do an FHA loan on a property I made an offer on (property is a duplex and falls under the 90 day flipping rule for FHA). My income also exceeds the city income limits, so I am unable to do those loans as well. Anyone in Cleveland know of any banks/lenders who would be able to do a 5% down loan that rivals FHA?

Thanks!

Chandler

Hi all!

I am currently looking for a few different mortgage loan options around Cleveland, OH. I have already been pre-approved by 3 different places for FHA. My problem right now, is that I can't do an FHA loan on a property I made an offer on (property is a duplex and falls under the 90 day flipping rule for FHA). My income also exceeds the city income limits, so I am unable to do those loans as well. Anyone in Cleveland know of any banks/lenders who would be able to do a 5% down loan that rivals FHA?

Thanks!

Chandler