Lender question and concern 203k loan

[Aisha M.]

Hello BP fam, I have a couple questions as I’m actively working on purchasing my first investment. I asked about a FHA 203 k loan pre-approval and he just gave me the run around about how I’ll pay more with that loan. Frankly, seems to me like he doesn’t want to do the work. I’m wondering if I should shop with other lenders who seem open to the work a 203k loan process or if he is actually telling me the truth. Should I shop around with different lenders or try and see if he will get me approved for one? Will it affect my credit too much?

[Wayne Brooks]

You have a lender who doesn’t like doing a 293k......finding one who does them regularly is the key to getting one done. Multiple mtg inquiries count as one, as the credit bureaus know you are comparing.