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Updated almost 10 years ago on . Most recent reply

Eddie Mateo's profile image
Eddie Mateo's profile image
Eddie Mateo
  • Customer service
  • from Philadelphia, Pennsylvania
  • Member since Oct 5, 2015

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Eddie Mateo's profile image
Eddie Mateo's profile image
Eddie Mateo
  • Customer service
  • from Philadelphia, Pennsylvania
  • Member since Oct 5, 2015
Eddie Mateo
  • Customer service
  • Philadelphia, PA
2
Votes |
3
Posts
Mortgage Brokers & Lenders

No Rental History

Eddie Mateo
  • Customer service
  • Philadelphia, PA
Posted

Hi everyone, 

I am currently  in the process of trying to purchase my first rental property.  I have been in contact with WF bank and was told today I did not qualify for a loan because my rental history has been mostly cash and my credit score is in the 600 range. The loan agent there advised me to try a mortgage loan broker to see what they could do.  Not sure if I should take his advise or maybe rent for another year using checks? Would love some input ? 

Thank you.

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