Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
Financing eligibility question
Hello everyone. I’m in a bit of a weird situation and wanted to ask for advice. So I recently got laid off from a startup company. The timing was very inconvenient because I was ready to start approaching lenders for financing on a multi family apartment building. I have $230,000 of my own money ready to go but I’m between jobs. Will this impact my ability to get financing? Looking for a friend! Thank you!
Most Popular Reply
Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
Pro Member
#5 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
- 2,759
- Votes |
- 4,876
- Posts
Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
Pro Member
#5 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
If you have excellent credit and enough cash to pay 25% down plus closing costs, just do a portfolio loan that requires no income verification and call it a day.
Stephanie