Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Samuel Bridges
  • Rental Property Investor
  • Moline, IL
2
Votes |
8
Posts

Should I get pre-approved for an FHA loan?

Samuel Bridges
  • Rental Property Investor
  • Moline, IL
Posted

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

User Stats

3,525
Posts
2,524
Votes
Caleb Brown
#2 Buying & Selling Real Estate Contributor
  • Real Estate Agent
  • Kansas City
2,524
Votes |
3,525
Posts
Caleb Brown
#2 Buying & Selling Real Estate Contributor
  • Real Estate Agent
  • Kansas City
Replied

@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

Loading replies...