Pre Approval for multi family

[Corey Dussault]

Hi, I'm looking to purchase my first multi family unit and renting out my current home? What are some things that are different from a regular approval process? Will I need to show a rental agreement for my first home that's not yet rented? Do I need to take landlord classes? How much reserve do I need in the bank? etc. Any details on anything different a lender might be looking for would extremely help. Thanks!

[Jason Shackleton]

Hey @Corey Dussault 

Every lender will ask for something a little different. The key is to find a good broker and have them walk you through the multi family financing process.