Portlyn Roberts
Conventional Financing as an LLC
My partner and I are going to start an LLC and I am curious how the financing will work.We have a pretty high combined personal income and both have excellent credit scores. What factors will the bank consider when co...
Margo Roberts
Conventional Loan on Older House
Does anyone know of a lender (other than hard money) who would lend on an older house?I purchased a house in Miami built in 1925 in my retirement account. I would like to get it out of my retirement savings and get a...
Pavel K.
Conventional loan denied. Need help
Hi all. New here and hoping to get your advice.
I put an offer on a condo for 119k$ short sale which the bank accepted.
Bad news is banks won't finance the deal due to less than 50% owner occupancy.
One lender t...
Marc Steinert
Conventional financing mimimum loan amount?
I was originally preapproved for a conventional loan with 20-25% down. Since, I have found an REO that I'd like to make an offer on with an asking price of 50k. There has been no movement on this property and the l...
John OReilly
Land Contract and Conventional Financing
Hey guys,First time post here and I just want to say I’m excited to be here. I recently acquired 3 properties via land contract. My question is: how, or if, this will affect me getting a bank loan going forward? Thanks!
Michael Crohn
CONVENTIONAL LOAN or HARD MONEY??
Is there a happy medium between a conventional loan and a hard money loan? I'm in a pickle because I have enough cash to buy about 50% of the property I want but I can't qualify for a conventional loan. I have great c...
JC Smith
rates for conventional mortgage MFH
Hello! I'm looking at purchasing my first MFH soon (duplex or triplex) via a conventional loan. I got a quote from a local Minneapolis lender which was 25% down and 5.625% interest rate, no points. Should I keep sh...
Dozar Real
5% conventional or Fha 3.5%
Hi , everyone how many 5% conventional loan or fha loan can I have at a time for multi units property on "primary residence " and how can i use this strategy to scale ,i.e buying property every year to aq...
Zach Zabel
FHA vs Conventional or both?
Hey everyone! Day2. Post 2. I need some more advice. So far everyone has been super helpful. I found out today that I will be able to draw from my employee stock program in about 90-180 days. Funds should be between ...
Cody Cavenaugh
3.5% FHA vs Conventional 5%
What are the pros and cons of the FHA 3.5% loan versus the conventional 5% loan? I have good credit, and ideally want the lowest payment per month possible. Planning on doing a 30 year