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Updated almost 8 years ago on . Most recent reply

Credit Unions in the Delco / Delaware county / Philadelphia area
So I feel that I'm truly ready to start house hunting (duplex - triplex, looking to house hack). I have a little over $12,000 cash saved, got my credit score in the high 700s, and my credit card is pretty much paid off; only $1,000 left which I will have taken care of in the next 2 months. So I'm wondering if anyone can give me advice / recommendations on which credit unions or even community banks to look into. I sat down with Wells Fargo and the guy seemed very helpful but I like the flexibly of a credit union and the fact that they don't sell off my loan. I also sat down with Citadel not too long ago and they seem pretty good but I was wondering if anyone can give me any other input to consider. Thanks in advance!
Most Popular Reply

If you are "bankable" secondary lending is an option as well as BRRR strategy. Partner with a private lender to fund the deal (assuming you buy it under value), wait 6 months and do a cash out refi off the new value. Private lender can be a debt or equity partner.