Finance Company Recommendations

11 Replies

Hello Bigger Pockets family! My name is Shinnah Brown. I currently residing in New Orleans, LA. I currently own 2 homes( primary residence, and SF rental) and just put an offer in on a 4plex. I'm still getting my feet wet in real estate, and not as comfortable as I should be, but working on it. I was looking for any recommendations on good finance companies. Currently I am using Quicken Loans, and Bank of Louisiana, but would like to shop around. Could anyone make any recommendations on good finance companies? Thanks in advance!!!! 

Shinnah Brown

    @Sinnah Brown I recommend going through a banker instead of a broker. I believe you'll get just about as good of a rate at little to no origination costs. Also shop around a little. Everyone's going to offer a little different financing packages. 

    -Case

    Thanks Case. Any recommendations on who I should try?

    Shinnah Brown

      The three most investor friendly banks in the New Orleans area are Home Bank, Resource Bank and Investar.

      Thanks Grant for the info!

      Shinnah Brown

        Thank you Braden. I'm going to visit their sites now! You're Awesome!

        Shinnah Brown

          I’d try to some local smaller credit unions and savings banks. Not sure which are the ones near you, but in my experience they’ll give you the best rate and lowest fees.

          Tommy Spijkers

            Thanks Tommy. I’m applying right now to a local bank. Thanks Again!!!

            Shinnah Brown

              Fannie Mae direct lenders with no overlays is best for me out here on the West Coast.

              Cool! Thanks John! 

              Shinnah Brown

                I'd be happy to have a quick chat on some programs if you like :)

                best,

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