Lenders that understand HouseHacking Strategy
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!
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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Real Estate Agent Virginia (#0225260957), District of Columbia (#Sp40001090), and Maryland (#667710)
- Samson Properties
"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?
@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?
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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Real Estate Agent Pennsylvania (#SBR005765 ), West Virginia (#WVA230040225), District of Columbia (#BR200201381), Maryland (#648402), Virginia (#0225219736), and Delaware (#RA-0031082)
- (301) 893-4635
- http://www.DistrictInvest.com
- [email protected]
- Podcast Guest on Show #192
@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!
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!
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.
@Ursula Leake my lender @Zack Karp is awesome, highly recommend you reach out! Good luck!
@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!
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!