Updated over 6 years ago on . Most recent reply

Loans for multi family in East Coast
I am fairly new to the east coast but looking to buy 4plex or more, however being new in investing and in the area, was curious if there is a bank/loan agency that would give loans for multiple states? Any suggestions from people/companies that you’ve used?
Most Popular Reply

@Gerardo Ali will you be occupying the property and what state?
If you are relocating you may be able to use a Homepossible loan and get into a 4 unit with as little as 5% down. This program allows you to use proposed rent as qualifying Income and the interest rates are as good or better than you would get for a traditional SFR purchase.