Recommended Local Credit Union
We live and work in Utah County and own a home and investment property in Utah County so looking for a local credit union or bank that would be good to partner with for future investment opportunities. We are currently looking for a multi-family investment property of 4-10 units near Provo, if possible. We’ve used mortgage lending brokers to this point but we’ve heard and understand that there are advantages to working with a credit union or bank that would have a relationship with us and be able to help us in future deals. My wife is an agent and I have a small business and then a good full time W-2 job. Would love to hear who any of you have worked with or have heard would be worth talking to. Thank you!
Most Popular Reply
@Devin Rapp You can get some ok investment loans from Mountain America CU. They will do 10% down, 2.5% origination fee and 1-4 units. I have not taken one of those loans out but I have a friend that has. I think you can only get two of those.
The good thing about smaller community banks is that they keep loans in house and dont certain strict rules to abide by like a loan broker.
I think America First CU is now trying to do an investment loan. I dont know the detail but here is the link. https://www.americafirst.com/loans/home-equity-loa...
Good luck.