One way we do that is by pulling your credit report (but only after you’ve filled out our full loan application and agreed to our conditional terms).

One way we do that is by pulling your credit report (but only after you’ve filled out our full loan application and agreed to our conditional terms).

If this is an investment property Fannie can't do this type of loan.

But our Veterans No way they sacrifice to much to not let them use their VA loan because of this lawsuit.

I'd rather go with a conventional loan to get a lower rate and fee.

This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)

Avg daily traffic ~20k vehicles.I'm not in a position to build anything (no build experience, little cash on hand, slim chance of large loan approval), but could look into selling it later.

RESPA also prohibits sellers of property that will be purchased with a federally related loan from requiring purchasers to use a particular title company. 

Establish interest reserve for each loan so there are no non performing loans to report2.

We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the loan because 50% LTV/LTC).