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Updated almost 6 years ago on . Most recent reply

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Jordan Michaud
  • Rental Property Investor
  • Redding, CA
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Ever had financing fall through?

Jordan Michaud
  • Rental Property Investor
  • Redding, CA
Posted

I just got word today that my lender won't finance my Columbus, OH brrrr because they are uncomfortable with me being from out of state.  Have you ever run into this problem? 

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Originally posted by @Jordan Michaud:

I just got word today that my lender won't finance my Columbus, OH brrrr because they are uncomfortable with me being from out of state.  Have you ever run into this problem? 

 try mortgage broker..  local banks generally wont finance anyone who does not live within 100 miles of the property.. for two reasons its in their business plan.. and two they know the risk is much higher of a default with out of area investors..  just sayin..   

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JLH Capital Partners

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