conventional financing for Dallas/FW area
Recently I was unable to purchase a house ( for rental ) in the Dallas/Fort Worth area of Texas. Price was $85,000. I went through a couple mortgage brokers and a regional bank in California were I reside.
Debt to income ratio was the primary problem.
Here is some personal info:
I currently reside in california
I have 4 houses in Dallas/Fort Worth, all purchased in the last 18 months, all leased out.
FICO is 750
I can put down up to 25%
Anyone have specific banks they would suggest that would do portfolio lending for investment properties in Texas? I believe I dont meet FNMA guidelines for the loan being transfered.