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Private Lending & Conventional Mortgage Advice

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Kim Handelman
Pro Member
  • Real Estate Agent
  • Guilford, CT
88
Votes |
193
Posts

Getting the right loan

Kim Handelman
Pro Member
  • Real Estate Agent
  • Guilford, CT
Posted Mar 24 2015, 09:02

Hi Everyone,

I am a newbie looking to buy my first buy and hold property. I'm in New Haven CT and am looking for a multi-family property. I have excellent credit (849) but am a full time mom so I don't have a JOB. My husband works but doesn't want to have anything to do with it so I can't put him on the loan. Will a bank or private lender lend to someone with great credit and no job if the property's numbers are good and it cash flows? If not, any ideas out there of how I can get my first property financed?

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