Quote from @Leonard La Rocca III: So is it common to find a conventional loan without meeting the lender in-person?

Yes there are alternatives for both beige and 30 year loans for no US borrowers.

Then any rental income you could obtain from that property could be used as an income source for loan pre-qualification.

Are there any wholesale lenders that will do a rate and term refi on 4,800,000 loan balance,  5 unit property.

My company is licensed in 31 states for owner occupied loans (check my profile) and I can lend in 45 states for business purposes loans (nonQM and dscr loans).

The counterclaim states that since the deed in lieu language was part of the loan, the entire loan is invalid.

It’s a lower risk strategy since you’ll be living in one of the units, and you’ll qualify for low down payment loans.

My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

Quote from @Austin Brummett: I wouldn't do anything right now except continue to save and learn, because you are likely moving soon.Lenders usually want to see two years of employment history, so you won't qualify for a loan any time soon.

Hi Ricky, Have you tried looking at a DSCR loan?