All Forum Posts by: Upen Patel

Hey! @Nick Moore. Yes, you certainly can represent yourself on a real-estate purchase transaction and be paid the commission. I work with many investors who are "realtors".

Of course, you have to qualify for the FHA loan, but that's a different matter.

Looking to build a house of your dreams? Call me to discuss how I can help you achieve your dream. I did a tear-down rebuild for my current house, so I am very familiar with the process and you can gain from my knowledge.

• FHA Construction Loan - Max 95% LTV/LTC
• VA Construction Loan - Max 100% LTV/LTC
• Fannie/Freddie Construction Loan - Max 95% LTV/LTC
• JUMBO Construction Loan - Max 80% LTV/LTC

I Lend in ALL 50 states!

Learn more at - https://mortgagefinancepros.com/construction-loans/

Lets speak. You can see my real-time availability & book time with me: https://calendly.com/upatel

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Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender.

Are you a condo developer? Are you doing a condo conversion?

Condo financing is tough for buyers of new condos. Until you get your Fannie/Freddie, FHA approval, the only option your buyers have is a non-warrantable condo loan (which means more down, higher rate). OR you have to delay the closing until you get the approvals (which mean higher carry cost). Neither of which is a good option.

Now you have an option that as win-win-win. Work with me as your preferred lender and we can potentially offer your buyers conventional financing from the 1st unit you sell. No more waiting to get Fannie/Freddie, FHA approval. No more buyers having to purchase using non-warrantable condo loans.

I Lend in ALL 50 states!

Lets speak. You can see my real-time availability & book time with me: https://calendly.com/upatel

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender.

Condo loans, including Non-warrantable condo. Don't ever be denied a condo loan again.

• Warrantable and non-warranable condo loans
• Fannie/Freddie conventional and Non-agency options
• Owner occupied and Investment
• Purchase, rate-term refi, Cash-out refi
• 30 yr fixed
• Full doc
• $100,000 loan min

Learn more at - https://mortgagefinancepros.com/condo-loans/

I Lend in ALL 50 states!

You can see my real-time availability & book time with me: https://calendly.com/upatel

Why wait. Apply now!: http://apply.thefederalsavings...

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender.

Hey! Charan: An active litigation would be overcome sometime, but usually it a hard one to over come. I comes down to the specifics, who is suing who, for what, what is the liability, etc.

Hey! @Pablo Davidov.

Based on your credit and it being a multi unit, your best option is doing an owner occupied FHA 3.5% down. Unless you qualify for a VA loan, there is no option to do 0% down.

Hey! @Meghan Custer. As Russell mentioned, FTHB programs have a lot of requirements that have to be meet. Even if your husband is not on the mortgage, I would guess that he is on title. Also state FTHB programs are restrictive in terms of DTI and rates are higher then normal.

Not saying that they programs don't have positives, but you need to qualify within the small box.

I have done multiple multi unit transaction in NYC with FHA 3.5%, so it is realistic and can be done. Just need to have a good mortgage banker on your side and of course you are going to have to do a lot of legwork to find the right property.

@Aymeric De Conde Your other option is to buy a multi unit in NYC. Live in one unit and rent the other units. You will get an owner occupied rate, low down payment and be able to have rental income. You can buy a 1-4 unit residential property with as little as 3.5% down (FHA).

@Tyler Polanco Construction loans are portfolio loans, so each lender makes their own risk decision. So there could be someone out there, but I would doubt it. Not as an owner occupied with just 3.5-5% down.

The more likely option is finding a fix and flip/hard money/private lender willing to do a ground up construction loan. Be ready to put min 10-15%.