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Updated about 8 years ago on . Most recent reply

User Stats

22
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14
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Jim Manson
  • Investor
  • Durham, NC
14
Votes |
22
Posts

Conventional Lender in Durham NC Area ?

Jim Manson
  • Investor
  • Durham, NC
Posted

Hi All,

Looking to do a cash out refi on a SFR that I own outright here in Durham NC. I spoke with Wells Fargo, but it seems they 1) will only go up to 75% of appraised value and 2) will only do 75% of final price if the property has been owned for less than 1 year (I have owned it for 8 months). Any recommendations for a conventional lender in the Durham, Raleigh, Chapel Hill area or possibly a lender in another part of the country that works well remotely? I can live with 75% of the final price but don't really want to wait another 4 months.

Thanks!!!!

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