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!