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Updated almost 5 years ago on . Most recent reply

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12
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1
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Jason Capers
  • Flipper/Rehabber
  • Los Angeles, CA
1
Votes |
12
Posts

How can I attain a POF letter

Jason Capers
  • Flipper/Rehabber
  • Los Angeles, CA
Posted

I am looking for a way to get a POF letter that I can use to help put on market deals under contract.. is there a way I can pay private lenders or hard money lenders for a POF letter?? Can someone please help me with this you would be a life saver!

Most Popular Reply

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653
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313
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Eric Johnson
  • Lender
  • Chicago, IL
313
Votes |
653
Posts
Eric Johnson
  • Lender
  • Chicago, IL
Replied

@Jason Capers just get pre approved with a hard money lender and they will give you a letter. You still have to go through the process, but that's legit. They'll mention your purchasing power. Never pay anyone to give you a POF letter, essentially is borderline fraudulent because you can have a 490 FICO and say you're approved. This is intentionally misleading all parties to the transaction. Good luck

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