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Updated almost 9 years ago on . Most recent reply

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25
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9
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Alisha Magwood
  • Summerville, SC
9
Votes |
25
Posts

Road block obtaining financing for SFH

Alisha Magwood
  • Summerville, SC
Posted

Hi All,

I am trying to figure out my options to purchase and finance my 1st SFH/ Rental Property. My hiccup seems to be my property in Georgia that is being rented out that has had a few "late" payments. Other than that, my credit is above 700, my current home has had no late payments, I would have the 20% down payment and I have a tenant for the property I'm trying to purchase. Is this going to be what stops me from getting started in real estate? Are there any potential lenders that anyone is familiar with that would look past the late payments on that said property? Really need to find a lender, ASAP.

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