Paterson, NJ · Member since 2016 · 119 posts · 18 votes
im looking for a lender to get pre-approve where should i go that has good terms as i will be house hacking? local banks, online mortgage brokers, online spots? can anyone help me with this i want it to be somewhere i can drive too im from north jersey Paterson.
House Hacking is going to take a Loan officer that is familiar with FHA, FNMA or Freddie Home Possible. Also, someone that owns multi family that can understand the objective.
Community Banks, Credit Unions or Regional Banks are a good place to start. Pricing is usually very competitive and there could be an opportunity for a present/future bank relationship as you financially model up with your real estate portfolio.
Local banks and credit unions would be my first go-to. Avoid large national banks as they have excessive demands and review processes. I never go to a mortgage broker, but I'm sure one of them on here will guide you in that area! Personally, again local banks and credit unions are my first target.
House Hacking is going to take a Loan officer that is familiar with FHA, FNMA or Freddie Home Possible. Also, someone that owns multi family that can understand the objective.
Community Banks, Credit Unions or Regional Banks are a good place to start. Pricing is usually very competitive and there could be an opportunity for a present/future bank relationship as you financially model up with your real estate portfolio.