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Updated over 4 years ago on . Most recent reply

Tucker Kincaid's profile image
Tucker Kincaid's profile image
Tucker Kincaid
  • Rental Property Investor
  • from Boone, NC
  • Member since Oct 30, 2020

User Stats

29
Posts
9
Votes
Tucker Kincaid's profile image
Tucker Kincaid's profile image
Tucker Kincaid
  • Rental Property Investor
  • from Boone, NC
  • Member since Oct 30, 2020
Tucker Kincaid
  • Rental Property Investor
  • Boone, NC
9
Votes |
29
Posts
Multi-Family and Apartment Investing

Getting Pre-approved for a Loan

Tucker Kincaid
  • Rental Property Investor
  • Boone, NC
Posted

Hello BP,

I am planning to house hack in Boone, NC in the next 6 months and am in the process of getting pre-approved for a FHA or 203k FHA loan and a 3.5 percent down payment. My goal is a duplex or triplex. The prices for these types of properties is between 350k-700k. This is my first loan and many of the lenders I've spoken to share that I will most likely not qualify for a loan above 450k.

What are your recommendations to get a loan with an annual salary of around 50k?

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