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Updated almost 4 years ago on . Most recent reply

Should I get pre-approved for an FHA loan?
I am looking into getting a FHA loan for my first investment property. I have been stuck on if I should get pre approved by a few local banks/ lenders
, or if I should find a deal first and then use the deal to my advantage to be able to potentially get a higher loan amount. The reason I’m stuck on this is because I’m not sure I would be approved for a high loan amount with my current income. I have a good savings and credit score. Any suggestions???
Thank you!
Most Popular Reply

Caleb Brown
#2 Buying & Selling Real Estate Contributor
Agent
- Real Estate Agent
- Kansas City
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@Samuel Bridges
I don’t know any where you are at. Start out with local banks/credit unions. Avoid large lenders or ones you see with online/TV presence
- Caleb Brown