Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Anthony DeRoche
  • Framingham, MA
3
Votes |
7
Posts

Newbee question on prequalifying

Anthony DeRoche
  • Framingham, MA
Posted

I currently live in Massachusetts, Framingham in Metrowest area, but grew up in southern Maine and am considering looking at both locations to find the first multifamily that my wife and I are hoping to buy and start the real estate investor journey.  My question is, if I get pre-approved for financing at a local portfolio bank in Mass, can the loan be used for a property in Maine, or any other state for that matter or do I need to find a lender in the state that I'm looking to buy in? 

Thanks,

Anthony

Most Popular Reply

User Stats

7
Posts
3
Votes
Anthony DeRoche
  • Framingham, MA
3
Votes |
7
Posts
Anthony DeRoche
  • Framingham, MA
Replied

Awesome.  thanks @Christopher Phillips for the quick reply.  I'll start my search for portfolio banks with that in mind.  

Loading replies...