Updated over 5 years ago on . Most recent reply
Private lenders for refi during covid-19
We are closing on our 2nd property in less than a week. Both of our previous private lenders are no longer offering refi due to covid-19 uncertainty. We are affraid that all of our capital will be held up in this property for a long time if we can't find a lender. Would prefer to have the house under an LLC which is not possible with Freddie/Fannie. Is this a common problem or is there actually private lenders that are still offering refis?
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@Oksana Patrick! Fannie Mae loans require that you document income via pretty traditional means. There are no "no income" Fannie Mae loans.