Being a credit Union they are very conservative, but both my wife and I used them to purchase houses, which we still own today.I would not write off the VA either because even if you go over your entitlement you can still get in for a low down payment.

If your looking at deals under $1M (loan amount) you will find the national lenders do not typically have an interest and your best option is local banks and credit unions.

I’d recommend doing your business checking with a smaller bank/credit union to build up a relationship with them.

I need a recommendation on a Hartford CT area credit union or bank that will work with investment properties. 

Regarding financing, my first was to discuss with the seller to consider seller financing at first, but it sounds like that is out in your case.Beyond that, and I guess as a first step for you, I would just start calling the local banks/credit unions to see what they can do in your situation.

Honestly I'd be hesitant just to do anything like this in Chicago with its reputation of corrupt politicians and unions that seem to act more like the mafia, but at 1/10 the ARV in your home market sounds like a great find.I'm a small timer but I avoid homes built before 1978 because:* January 1978 was the official end of lead paint.

You can also search the Union Leader Marketplace where foreclosure sales must be posted.Would be happy to refer an experienced short sale agent to you in Portsmouth, to help you get through the MLS issue.

If you are local... you can check with Crane Federal Credit Union, but they only work with Indiana residents.

The area is away from the mean streets of Newark, East Orange, and Irvington and close to Union and Maplewood. 

Hi Everyone,For a long time I've been thinking about switching my banking business (personal and business checking/savings, etc.) to a local bank to help support the local community instead of filling the pockets of these large banks.Does anyone here have experience with any of the local community bank or credit union that provides good service?