Need a lender for self employed buyer!
Hi I am trying to sell my house off market to a neighbor of mine. He is a contractor/ remodeler who wants to turn my house into his first rental. He has been been denied approval from the lender he is currently working with.
He can provide income and bank statements for past 2 years. Has plenty of money in the bank, and a great credit score. Quite frankly i'm surprised he was denied. I'm thinking maybe he just isn't in contact with the right lender. As he was mentioning to me a Conventional Loan 80/10/10.
Can anyone recommended a lender who can work with him in the Indianapolis Area?