I am a new investor looking to do a house hack on a duplex for my first property. I turn 21 in May. My only concern is getting financed. I have been working since I was 16 and have had a credit card since. I also recently took out an auto loan for 10k. Other than that I have minimal credit history. I have up to 10k to put down and am looking to go FHA. Any information or suggestions would be appreciated!
Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
4y
@Joshua Hudler Start working with your banker to work on financing. It's easy to start the conversation with banker. You can meet MLO face to face to understand how the mortgage process work. There are some DPA programs which can be used for 2units.
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
4y
@Joshua Hudler yeah, I would absolutely lean on your local referrals here - your realtor, other real estate investors - and find out who they would recommend as a good loan officer. A friendly mortgage professional should vibe well with you. They should answer questions quickly and provide clear and concise directions. Maybe even give some advice on what direction to go in. Interview a few and see who you vibe with best. Trust your instincts but start with someone that you trust recommends to you. That would be my best advice. Thanks!