Lenders in Southern California or Central Valley (California)
Hello BP,
I'm looking to purchase my first multi-family property soon, and I just came a cross one that fits my mold. However, my problem is I need a lender! I spoke to a few people in so-cal in regards to purchasing a multi-family property with FHA or other conventional type loans with low down and they seem to give me mixed information. Some say its possible others say its not.
To give some perspective, I'm looking at a 4 unit in Fresno Ca. I have 5% down on the property. I have good credit, but looking to be a co-borrower for a sibling who will be living in the property, who has ok credit.
So I'm asking for a big favor, if you know a lender, someone who is well knowledgeable on the matter that could possibly help me obtain this property? and what I'm trying to do with my situation being out of town, is it possible?
Regards,
H.