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Updated almost 4 years ago on . Most recent reply

User Stats

3
Posts
0
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Jeff George
  • Contractor
  • Burlington, IA
0
Votes |
3
Posts

Lender options for an auction in Iowa

Jeff George
  • Contractor
  • Burlington, IA
Posted

Hi everyone. 

I am looking at an auction house that will be a owner occupant house. 

I already own a duplex that has a mortgage and a house that’s free and clear and will end up being an investment property in a few months as well.

I also work three jobs (one under the table and one with tips) and can show good income as well as have reserves for all debts for around 4 years worth of payments. The majority are in a taxible investment account that I’d rather not empty to buy in cash.

what kind of options do I have and can anyone recommend a lender that can close within 30 days? I have the 10% down payment needed for the auction in cash. 

I’m not a financing wizard so I figured I’d ask for help where people have knowledge!


thank you! 
-Jeff George

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