House Hacking

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Lenders that understand HouseHacking Strategy

Posted Aug 14 2022, 22:01

I was wondering if anyone had any lender recommendations when it comes to househacking. I’m looking to buy my second househack and wanted to connect with a lender that understands the strategy where I shouldn’t run into any issues qualifying for 3-5% loan. Lender Must lend in Maryland!

Baltimore, Maryland

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Jack Seiden
  • Real Estate Agent
  • Washington DC
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Jack Seiden
  • Real Estate Agent
  • Washington DC
Replied Aug 14 2022, 22:45
Quote from @Ursula Leake:

I was wondering if anyone had any lender recommendations when it comes to househacking. I’m looking to buy my second househack and wanted to connect with a lender that understands the strategy where I shouldn’t run into any issues qualifying for 3-5% loan. Lender Must lend in Maryland!

Unfortunately rent by the room can’t be used to offset the mortgage per Fannie and Freddie and guidelines regardless of lender, only a true multi family can be used to offset the mortgage payment.

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Joe Norman
  • Investor, Realtor
  • Baltimore, MD
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Joe Norman
  • Investor, Realtor
  • Baltimore, MD
Replied Aug 15 2022, 02:44

"Househacking" means different things to different people. Do you intend to live in the home and rent out rooms? Or use the home as your Primary while you fix it up, and then move out and rent the whole house?

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Replied Aug 15 2022, 03:05
@Joe Norman I plan to live there as my primary residence and rent out rooms

Quote from @Joe Norman:

"Househacking" means different things to different people. Do you intend to live in the home and rent out rooms? Or use the home as your Primary while you fix it up, and then move out and rent the whole house?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied Aug 15 2022, 05:52
Quote from @Ursula Leake:

I was wondering if anyone had any lender recommendations when it comes to househacking. I’m looking to buy my second househack and wanted to connect with a lender that understands the strategy where I shouldn’t run into any issues qualifying for 3-5% loan. Lender Must lend in Maryland!


 Reach out to @Upen Patel at the Federal Savings Bank.

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Nick Riccio
  • Lender
  • Boston, MA
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Nick Riccio
  • Lender
  • Boston, MA
Replied Aug 15 2022, 07:14

@Ursula Leake - Happy to chat with you. I'm a 3x house hacker personally, and almost exclusively work with house hackers/investors around the country. Shoot me a message if you'd like!

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Replied Aug 15 2022, 08:04
great to Know! Message sent! @Nick Riccio

Quote from @Nick Riccio:

@Ursula Leake - Happy to chat with you. I'm a 3x house hacker personally, and almost exclusively work with house hackers/investors around the country. Shoot me a message if you'd like!

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Replied Aug 15 2022, 08:04
will do. Thanks @Russell Brazil

Quote from @Russell Brazil:
Quote from @Ursula Leake:

I was wondering if anyone had any lender recommendations when it comes to househacking. I’m looking to buy my second househack and wanted to connect with a lender that understands the strategy where I shouldn’t run into any issues qualifying for 3-5% loan. Lender Must lend in Maryland!


 Reach out to @Upen Patel at the Federal Savings Bank.

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Chris Winslow
  • Investor
  • Berwyn, IL
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Chris Winslow
  • Investor
  • Berwyn, IL
Replied Aug 18 2022, 06:45

@Ursula Leake my lender @Zack Karp is awesome, highly recommend you reach out! Good luck!

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Chris Winslow
  • Investor
  • Berwyn, IL
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Chris Winslow
  • Investor
  • Berwyn, IL
Replied Aug 18 2022, 06:46

@Chris Winslow

Whoops looks like I am in the wrong forum... Zack probably won't be able to help too much in Maryland but good luck still!

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Kyle Deutschmann
  • Lender
  • Ellicott City, MD - NMLS 1815618
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Kyle Deutschmann
  • Lender
  • Ellicott City, MD - NMLS 1815618
Replied Aug 18 2022, 10:12
Quote from @Ursula Leake:

I was wondering if anyone had any lender recommendations when it comes to househacking. I’m looking to buy my second househack and wanted to connect with a lender that understands the strategy where I shouldn’t run into any issues qualifying for 3-5% loan. Lender Must lend in Maryland!


I’ve house hacked 4 times and am local to MD. Happy to chat sometime!  

Lender Virginia (#MLO-40004VA), Tennessee (#174303), Maryland (#1815618), Florida (#LO82264), District of Columbia (#MLO1815618), Delaware (#MLO-1815618), Colorado (#100514246), and California (#41DBO-78367)

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